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Snap Jumps in Debut After App Maker Raises $3.4B in IPO

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Re: Snap Jumps in Debut After App Maker Raises $3.4B in IPO

#291

Post by acchow »

cangencer wrote: post #258
kevando wrote: post #195

Earlier quoted context omitted.

From what I understand, IPOs are very complex, but an ELI5 goes something like this: They want to open the stock to the public without crazy volatility in price, so there is a "pre-IPO" where brokers get access to buy it at $17, then $18, etc. and when people stop grabbing - they open it to the public. I think the underwriter basically buys all the stock for $17/share and then they broker it out to everyone, so anyon…

AFAIK the underwriters typically don't buy and sell the stock themselves - but offer it to their clients, who can buy the shares at the IPO price instead of the opening price. The underwriters then charge a fee based on the size of the IPO.

They do have to buy them if they can't sell the shares to others - hence "underwriters"

Re: Snap Jumps in Debut After App Maker Raises $3.4B in IPO

#292

Post by dovin »

paulpauper wrote: post #184
dovin wrote: post #61

Interesting. Bitcoin is trading at an all-time high today. I guess the fears of a tech bubble collapse have been staved off for a little while, at least.

People have been predicting bubble and collapse since 2012...stopped clock theory

Of course, but it still is a good idea to think critically about the possibility that tech companies are seriously overvalued. The chance of a bubble bursting in any given year are probably low, but that there will be a downturn is inevitable. And when that does happen I'll want to be paying attention so I can see it coming as far out as possible.

Re: Snap Jumps in Debut After App Maker Raises $3.4B in IPO

#293

Post by notadoc »

moolcool wrote: post #66
InternetUser wrote: post #27

Earlier quoted context omitted.

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…

Remember the phone made by HTC and Facebook? https://en.wikipedia.org/wiki/HTC_First

Or Amazon

Re: Snap Jumps in Debut After App Maker Raises $3.4B in IPO

#294

Post by kilroy123 »

paglia_s wrote: post #42

As an user in their target age (18-24) I have to say that since Instagram started introducing features like stories and stickers the activity in my Snapchat has diminished enormously. I would say 50-70% less activity. I don't know if it's something specific to my social circle or more widespread but anyway it's been impressive

Plus facebook just rolled out the same feature on WhatsApp. Which has, what, 1 billion active users as well?

Facebook is going full-throttle trying to compete against snap.

Re: Snap Jumps in Debut After App Maker Raises $3.4B in IPO

#296

Post by elastic_church »

eldavido wrote: post #222
rubicon33 wrote: post #140

Earlier quoted context omitted.

You are not alone. I have been struck with amazement at the rise of apps like Snap, Twitter, and Instragram. They have captivated an entire generation, leaving me on the sideline. As a developer, I suppose I'm not the most social being on the planet, but it does concern me that I have become "detached" from everyone else. I spoke with an Uber driver the other day whos 14 year old son has 700,000 instragram followers…

I think there's a socioeconomic side of this that isn't discussed enough. I have a highly engaging, challenging job that pays well. I'm a holder of an advanced degree, regularly read long-form books, and am engaged and will be married soon. Frankly I think I'm pretty typical a lot of people on HN, and developers in general. I don't consume much media, though. I entirely checked out from facebook and haven't looked ba…

social opium

Re: Snap Jumps in Debut After App Maker Raises $3.4B in IPO

#297

Post by sgnl »

InternetUser wrote: post #27
doc_holliday wrote: post #3

I know that the Snapchat platform is worth something, it has high engagement and adoption of 18-24 year old age segment, and that is worth a lot in terms of attention and advertising $s. However, this just feels completely out of proportion to earnings and downside does not seem priced in. Willing to be proved wrong of course, but especially seeing as they are non voting shares, I cannot understand this pricing.

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…

"snap to try on" feature is, i feel, a huge hint on how they might monetize further with another company's product

Re: Snap Jumps in Debut After App Maker Raises $3.4B in IPO

#298

Post by nihonde »

ProAm wrote: post #111
pm90 wrote: post #85

Earlier quoted context omitted.

> So now we know that there is atleast some appetite for shares with no controlling interest and no indication of paying out a dividend any time soon. A current market cap of 30 Billion is a pretty darn big accomplishment! This is really disturbing. I don't know if its an indicator of too much money in the market, or just the fact that the market itself has expanded so much. Why would investors be OK with losing powe…

Profit? Investors want a return, they don't really care about power (more or less). If you can get 10% over 3-5 years who cares.

Investors who care about returns care about voting power. It's pretty obvious why. The fact that Snap unloaded despite their totally asymmetrical voting structure supports the conclusion that Snap's new "owners" didn't deserve a vote in the first place. Time will tell whether their gamble will pay off.

Re: Snap Jumps in Debut After App Maker Raises $3.4B in IPO

#299

Post by Pxtl »

_audakel wrote: post #157
ehsankia wrote: post #122

Earlier quoted context omitted.

But do you think their actual sources of revenue (all the ads and paid stories) are focused towards older people? From what I've seen, it's mostly gossip and stories aimed towards younger people.

fb started out with younger ppl, and then gradually older ppl got on, tell now when like my feed is blown up by my grandma.

Oy, that. Honestly, with all their algos I'm confused why Facebook lets one friend cover my entire feed in Shah Rukh Khan. I don't even know who SRK is!

Re: Snap Jumps in Debut After App Maker Raises $3.4B in IPO

#300

Post by nihonde »

InternetUser wrote: post #49
linuxkerneldev wrote: post #34

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.

> my job and lifestyle have caused me to detach from a significant chunk of society Yeah, the 13-21-year-old chunk of society. Do you, as a Linux Kernel Developer, happen to be within that demographic? Even their IPO roadshow video (which I see has now been removed) talks about their "13-34-year-old" user base, and then emphasizes the far higher levels of engagement and far higher potential among the lower half of th…

Since you said "society", it's worth noting that Snap is really not a player in Asia. In Japan and Korea, Line is dominant. In China, there is doubtless something else to take its place.
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