This is just as meaningless as Snapchat having billions in valuation. I just dont get how can SC be valued so much when all it does is move pictures around.
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Snapchat's Stock Sinks After Rihanna Denounces Domestic Violence Ad
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Re: Snapchat's Stock Sinks After Rihanna Denounces Domestic Violence Ad
#22That's what happens if all your business does is sending pictures around. What's the intrinsic value of it? Of course people will uninstall the app as quickly as it's uncool or they are told to by their idols. If Snapchat generated any kind of value / saved a lot of time, people couldn't afford to just get rid of it.
Snapchat does not just send pictures around. First of all a big part of their value proposition is ephemeral communication in a time and age where everything lasts for ever. Yes there are ways to work around it (using an unofficial client that allows you to save snaps without telling the other person you did) but still.
Additionally, Snapchat has a bunch of effects that you can add on top of videos that people enjoy, for example the dog ears and nose and tongue.
And Snapchat has text chat and group chat.
And Snapchat has “stories” that you can post pictures and videos to and view other peoples “stories”. A story is a feed. You can either post to a story that your friends can see or a story that people in a group can see or to “our story” that everyone can see.
The intristic value is communication. They are far from the only one to let you communicate but they have a polished product and they are offering a different sort of communication than a lot of others do.
Re: Snapchat's Stock Sinks After Rihanna Denounces Domestic Violence Ad
#23People don't really care about pop celebrities, they might as well be fiction characters. If I were to make the same, rather tame, would-you-rather joke with a group of friends does that mean I 'make light' of domestic violence? Is it not possible to make a joke that ignores the subtleties and nature of a complex subject for the sake of a cheap laugh? People know where the line is, this isn't it, and no one cares whe…
It seems that many people do care about celebrities, and that if you want to understand the world, understanding celebrity's function is part of that. A useful place to start thinking about why celebrity matters is Max Weber's conception of charismatic authority.
Re: Snapchat's Stock Sinks After Rihanna Denounces Domestic Violence Ad
#24> Snap Inc's stock prices fell around 4 percent later Thursday, wiping out nearly $800 million from its market value, reports CNN I don't believe that Rihanna's tweet caused $800 million worth of investors to change their mind. In fact, it only finished 1% lower on the day. SNAP stock is like any other: noisy.
Furthermore, a variation of 4% hardly fits the definition of "sinking".
This sort of militant journalism is getting out of hand.
Re: Snapchat's Stock Sinks After Rihanna Denounces Domestic Violence Ad
#25Earlier quoted context omitted.
Not to defend Snapchat's reputation or anything...but all Dropbox does is 'store files'. Saying snapchat just 'moves pictures' around and therefore shouldn't be valued so highly kind of misses the point. That being said, there are other reasons Snapchat probably shouldn't be valued so highly.
Dropbox's value is equally dubious.
> Dropbox's value is equally dubious.
That's a very short-sighted value. Even if you don't believe that there is no value in providing a very convenient and easy-to-use file hosting and file-sharing service that even supports collaboration, just having access to so much personal information is already quite valuable.
And people actually pay for this, to the point that Dropbox is profitable as it is.
Re: Snapchat's Stock Sinks After Rihanna Denounces Domestic Violence Ad
#26Earlier quoted context omitted.
Not to defend Snapchat's reputation or anything...but all Dropbox does is 'store files'. Saying snapchat just 'moves pictures' around and therefore shouldn't be valued so highly kind of misses the point. That being said, there are other reasons Snapchat probably shouldn't be valued so highly.
Dropbox's value is equally dubious.
Like its $1B revenue you mean?
Re: Snapchat's Stock Sinks After Rihanna Denounces Domestic Violence Ad
#27This is just as meaningless as Snapchat having billions in valuation. I just dont get how can SC be valued so much when all it does is move pictures around.
And facebook, just like snapchat also only moves pictures, text and news around then?
Re: Snapchat's Stock Sinks After Rihanna Denounces Domestic Violence Ad
#28People don't really care about pop celebrities, they might as well be fiction characters. If I were to make the same, rather tame, would-you-rather joke with a group of friends does that mean I 'make light' of domestic violence? Is it not possible to make a joke that ignores the subtleties and nature of a complex subject for the sake of a cheap laugh? People know where the line is, this isn't it, and no one cares whe…
"with a group of friends" and "in a global advertising campaign" are completely different things.
People ought to care more than they do about domestic violence, regardless of how wealthy those involved are.
Re: Snapchat's Stock Sinks After Rihanna Denounces Domestic Violence Ad
#29Yeah no rihanna has little bearing on this. But looking for causality in stock market behavior is fun and makes you seem smart.
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Re: Snapchat's Stock Sinks After Rihanna Denounces Domestic Violence Ad
#30This is really poor journalism. Just 23 days ago, we had In One Tweet, Kylie Jenner Wiped Out $1.3B of Snap's Market Value. Discussed here:
https://news.ycombinator.com/item?id=16439534
So can we safely create a model for writing stories?
If SNAP stock sinks
find (social media from $celebrity)
write $celebrity responsible for wiping $x in market value.