Snapchat to IPO in March 2017


#101

Chamath Palihapitiya is right on about Twitter:

Reduce the cost basis, which he said “makes no sense” and limits the company’s ability to innovate. Palihapitiya said Twitter spends about one-third as much money as Facebook does on operating the service, even though it has about one-sixth as many users (about 300 million per month to Facebook’s approximately 1.7 billion), and limits the length of posts to 140 characters. When Levie suggested it was crazy that Twitter hadn’t been able to address its problems with trolling and abuse of users, Palihapitiya said, “The product is technically broken.”


#102

I have a twitter account, don’t tweet at all and seldom login. Created it because everybody say is cool. Not sure why need Twitter. Don’t understand why twitter is not part of a mail apps. Some1 should come up with a new comm apps that marry the best of email, real-time messaging, news receiver and e-commerce. This world is so complicated. So many apps, so many type of vehicles, so many… simplify please.


#103

Facebook is the closest offering out there.


#104

Oh Snap!


#105

Valuation of Snap could reach 40B, that’s roughly 4 times the size of Twitter…

Have they released any financials yet?


#106

Twitter just shut down Vine, that silly 6 second video that loops. Turns out it takes 120M a year to run Vine?? WTF? I don’t see that many Vine videos on Twitter and I spent hours on Twitter everyday…

That shows the magnitude of Twitter’s management problem. They are just real bad at running things.


#107

My guess is most of that was depreciation on equipment. They probably significantly over built for it. They have $382M/yr in depreciation and it’s going up a lot each year. Two years ago it was $111M. That’s crazy since they haven’t really grown their user base. That’s the issue with building your own infrastructure vs buying via the cloud.


#108

#109

Snapchat is already targeting as much as $1 billion in revenue for 2017, according to leaked documents acquired by TechCrunch. It’s estimating between $250 million and $350 million this year, according to those documents.


#110

Next time, list your rental or home on Snapchat too??? May make sense if millennials who love apps jump into the market as everyone is expecting???

http://www.cnbc.com/2017/01/05/the-real-estate-agents-selling-6-million-nyc-apartments-via-snapchat.html


#111

Is a trend to conduct ecommerce via messaging & social media platform.


#112

OMG, are you insinuating that even I may need to get a Facebook account??? Holy sheeet…


#113

Forget Facebook, the kiddies don’t use that anymore. Jump straight to Snapchat.


#114

insinuate? suggest or hint that you had done something bad?


#115

OMG, you mean two more things I “don’t” really need…

Can we go back to listing apartments in the newspaper???:grin:


#116

I have to wonder how much they’ll use snapchat once they are married and have kids. By then, there’ll be a new generation of young people that’ll want their own app to use. That was the issue with myspace. It was targeted at a very specific age group. When you do that, you’re usually only popular for a short time period.

There’s a reason music artists targeted at that age sell the most their 1st album. The 2nd is usually 50% less, then the third is 50% less than that, and by then they are irrelevant. The new group that is that age wants their own musicians to like.


#117

Interesting analogy with musicians


#118

What, you mean the young ones don’t like Lionel Richie??? Who doesn’t like Lionel Richie? Say you…say me…(come on, sing with me people…):slight_smile:


#119

New musicians are wiser. Dr Dre, Jay Z, Sean Combs, and Master P go into business. Despite being longer in music, net worth of Lionel Richie is not even 50% of Dr Dre.


#120