241–250 of 369 posts
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Heck, I'm 24 and have a lot of trouble understanding the appeal of Snapchat. Despite lots of friends trying to get me to use it I've never figured out how to get value from it.
Like most social networks, getting value from it depends on following high-quality content creators. Mark Suster is a good one on Snapchat.
Can someone explain to me how Snap can be valued this much? I feel like I was asleep for 50 years and I just woke up and I have no idea how society works. Don't they make a little sexting app? What happened!
https://www.sec.gov/Archives/edgar/data/1564408/000119312517...
This is in their timeline: "Lenses launch on Snapchat. Users barf rainbows for the first time".
I feel even more confused.
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Regarding the Spectacles. They only fetch those prices due to scarcity. If Snap made them available to a more wider audience, people wouldn't be buying them on eBay.
They're now available for any member of the general public to go buy, no invite or celebrity status required.
Santa Monica and Venice are going to get even more expensive in 6 months.
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And that's not their only product: Bitmoji has been the #1 iPhone app overall since January 11, and it was already the #1 iPhone Utility app since July 22, 2016 (Log in to see) - https://www.appannie.com/apps/ios/app/bitmoji-keyboard-your-... https://www.appannie.com/apps/ios/top/united-states/overall/... And yesterday on eBay, 22 pairs of Spectacles were sold, with one pair went for $229 and 2 others went for $200 e…
> And yesterday on eBay, 22 pairs of Spectacles were sold, with one pair went for $229 and 2 others went for $200 each... Snapchat isn't making any additional money from the Spectacles resellers though.
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The s1 listed 50m shares as coming from existing share holders but they did not break it out. Usually that is employees with vested shares and occasionally other investors. Was more common in the dot com IPO's but Zynga did that too as I recall
Ah ok, so the company makes an exception to the lockup period for IPO participation? How do they typically decide who gets to participate?
The bankers want to strike a balance between employees (especially officers) who have concerns about being whipsawed with the stock price and the perception that they feel the company will grow in value over time so holding the stock is a "good" investment.
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Yup, solid advice re: waiting. Generally, I've heard it as "don't do anything drastic with the money for a year". That gives enough time to let the emotions cool down.
It's not even just the emotions. The money isn't real until it settles.
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Snap is now trying to grow out of Venice because they've already businified/gentrified/grown too much and are getting a lot of local hate
Makes me wonder if Spiegel will bite the bullet and open up a SV office, like Tinder has.
Reminds me of Twitter IPO... just wait.
I think this will be worse. Snapchat isn't nearly as culturally sticky as Twitter. Sites like Twitter, Instagram, and Facebook have a robust friend/follower system, and users have a huge backlog of things they contributed to the platforms. No contributions on Snapchat last more than a single day, so what is motivating users to stay on the platform instead of using Facebook or Instagram's offerings? Their friends list…
This $27.8 billion dollar valuation tells me that somewhere along the line, my job and lifestyle have caused me to detach from a significant chunk of society. I've never used Snap or their platform. I don't even really know what the benefit of their service. I am curious if I'm in the minority or if there's lots of developers like me who aren't able to comprehend these valuations.
If you have no need for integrated texting/flirting/sexting/following, it's not of benefit right now. Microsoft paid something like $40/user for hotmail, and IDK what for LinkedIn (20B?). What other platform will these kids move to? Maybe Instagram, but that leaves two big, well-funded players with ~500M users down the road. Billions to create/integrate with media/virtual content. Unless something supplants snap for…