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Snapchat is dying
#51

Snapchat is dying

Will be interesting to see if Facebook can deal the death blow to SnapChat. To me it seems like the younger generation has moved away from Facebook
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#52

Snapchat is dying

Although I never really was a fan it's bad that Snapchat is dying, Facebook will only cement their monopoly control over all social media and messaging apps.
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#53

Snapchat is dying

I use snapchat to make funny pictures with my nephew, I don't know what else it is for.

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#54

Snapchat is dying

Can we be honest with ourselves and admit the only reason we are on this piece of garbage app is because girls we want to bang are also on it? Once that ends the app is dead and buried.
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#55

Snapchat is dying

Heard this one in a comedy show.

Quote:Quote:

Teeth grinding is good for potention, scientists discovered. Twitter shareholders must be great lovers then

Same could be said about those poor bastards who paid 29$ on a nonvoting Snap share.

I love the instrument of put warrants. I'm at 190% profit now.
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#56

Snapchat is dying

Quote: (04-07-2017 01:11 AM)Jestx Wrote:  

Can we be honest with ourselves and admit the only reason we are on this piece of garbage app is because girls we want to bang are also on it? Once that ends the app is dead and buried.

It feels weird to follow dudes on it. I mostly dont. I followed a few buddies and realized it was just them posting like chicks, to appeal to all of the women on the platform. I do the same thing so I can't blame them. So I unfollowed. So if you can't follow all of your friends, and Instagram is eating their lunch, I dont see it growing until they open up the membership.
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#57

Snapchat is dying

http://money.cnn.com/2017/05/10/technolo...-earnings/

Quote:Quote:

Snap, crackle, drop.

Snap (SNAP), the parent company of Snapchat, whiffed on sales numbers and posted a staggering loss in its first earnings report since going public in March.

The company reported a net loss of $2.2 billion (yes, with a "B") for the quarter, due in large part to $2 billion in compensation costs tied to going public. Even without that one-time cost, however, Snap's loss doubled from the same quarter a year earlier.

Snap posted sales of $149.6 million for the March quarter, far below Wall Street estimates. Its user numbers also came in light. Snap had 166 million daily active users in the March quarter, an addition of just 8 million from the previous quarter.

Its stock fell as much as 25% in after hours trading Wednesday, erasing nearly all the gains since it went public at $17 a share.

Evan Spiegel, Snap's secretive 26-year-old CEO, told analysts on a conference call that he thinks about user growth "through the lens of creativity."

"The more that we can remove friction from this creative process, the more that people want to use this service, and that's our strategy," Spiegel said.

The vague response did little to ease Snap's nosediving stock.

(...)

I don't quote the rest of the article since its less relevant.

I knew from the beginning that the king has no clothes on.
As much as I want to secure my gains from investing in put warrants, I will keep them for now. The share is at approximately 18$ while I see the real value in the single digits.
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#58

Snapchat is dying

Deleted my snap, was keeping me from living in the moment. Vastly improved my enjoyment of Monday's bar crawl.

Tinder, bumble, and text for me. Working on getting that down to texts, and eventually only face to face interaction. Imagine being the motherfucker who just talks girls into sleeping with him. Meanwhile fuckdick over there is snapping girls pics of his apartment to try and get them to come over.

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#59

Snapchat is dying

Quote:Quote:

$2 billion in compensation costs tied to going public

There's absolutely no reason you need to waste $2 billion on a legion of Goldman Sachs crooks when "going public". The joke's on him.

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#60

Snapchat is dying

Same time Instagram announced 700 million users last month which means it grew 100 million users in four months.

I don't like the SugarBerg dude and it sucks he bought Instagram. But there is too much pussy floating there not to use it in your advantage.
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#61

Snapchat is dying

2 BILLION for an IPO?

As an investment banker myself (about to start, technically.... a roughly 10% IPO fee is insane. There's also no reason in hell that you need to pay any specific bank for that, so there's nothing stopping you from taking the lowest bidder. Any global investment bank or high tier advisory shop (Guggenheim, Houlihan Lokey, Evercore, etc.) is capable of doing a great job. Hell even most mid tier firms like Piper Jaffray or Wells Fargo would have been perfectly able to lead that IPO and would have done it much more cheaply.....and the best part is that all those more expensive banks would still be clamoring to help underwrite the offer for a prize like snap chat.


A lot of corporations, however, actually are that stupid as to pay out the ass for "prestige" and you bet your ass that the MDs at Goldman/Morgan Stanley/etc know that.


Also you were a moron if you invested in the company. Not only was the price implying a ludicrous growth rate, but any ownership structure where issued shares don't have normal voting rights is highly suspect.
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#62

Snapchat is dying

It may be nothing new what I am saying now, but there will be a time where every app designed for one specific niche has the same features every other app for the same niche has. Facebook got the check-ins feature from Foursquare, IG has Snapchat features and vice-versa, WhatsApp is a series of SMS and mail combined, etc.

It wouldn't matter, long run, which app you use.

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#63

Snapchat is dying

Facebook has now added the option of messages and pictures disappearing within 24 hours. essentially stealing the idea from Snap Chat.

I would still use Snap Chat as it still seems like a more viable way of picking up compared to Facebook for cold approaches. Interesting to see how this plays out, as stories for facebook are rarely used by my friends.
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#64

Snapchat is dying

I did a short research and post the info I found, since there's a misunderstanding:

Quote:Quote:

Morgan Stanley is set to reap nearly $26 million in fees from Snap Inc.’s initial public offering, making the Wall Street bank one of the big winners in the successful share sale Thursday.
Link (paid article, you just see the first paragraph)

Since it's a paid article, I did not see if there were other significant fees paid by snap. As Morgan Stanley is "one of the big winners" I suppose that other banks such as Goldman Sachs or Deutsche Bank were involved.

However, the 2 billion loss has other reasons:
Quote:Quote:

How do you lose more than $2 billion in your first quarter as a public company?

By paying out $2 billion in stock to your employees.

That’s the short story behind the $2.2 billion first-quarter loss Snap posted today. The bulk of that came from $2 billion in stock that the company recognized on its books on the date of its “qualifying event” — when it went public earlier this year.
Link
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#65

Snapchat is dying

Quote: (05-13-2017 05:15 AM)Selembao Wrote:  

I did a short research and post the info I found, since there's a misunderstanding:

Quote:Quote:

Morgan Stanley is set to reap nearly $26 million in fees from Snap Inc.’s initial public offering, making the Wall Street bank one of the big winners in the successful share sale Thursday.
Link (paid article, you just see the first paragraph)

Since it's a paid article, I did not see if there were other significant fees paid by snap. As Morgan Stanley is "one of the big winners" I suppose that other banks such as Goldman Sachs or Deutsche Bank were involved.

However, the 2 billion loss has other reasons:
Quote:Quote:

How do you lose more than $2 billion in your first quarter as a public company?

By paying out $2 billion in stock to your employees.

That’s the short story behind the $2.2 billion first-quarter loss Snap posted today. The bulk of that came from $2 billion in stock that the company recognized on its books on the date of its “qualifying event” — when it went public earlier this year.
Link

OK, makes sense. Should have checked sources there....this might sound counterintuitive, but rarely find the headline IPO deals to be particularly interesting. In practice they're often as simple as someone thinking the company is nearing its peak and wanting to cash out, while unloading stock onto suckers. The moment I heard about the voting structure in SnapChat stock I wrote it off as a sucker's deal that you'd have to be a fool to invest in.

That and I am not going to be covering tech deals so I don't really have any reason to care about any specific tech deal....nevermind that much of the "tech boom" has nothing to do with creating innovative companies and everything to do with crafting great "stories" so you can take a crappy company that makes a useless or nonexistent product, make some topical changes, and flip them off to another investor while pocketing the difference. Much less of it than people think has to do with actual invention and improvement.
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#66

Snapchat is dying

There's a new update called Snapchat map which synchs your contacts gps location on a map.
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#67

Snapchat is dying

I found snapchat a useful tool in cementing communication with girls from tinder or bumble whom you wanted to easily sever all contact after getting laid or simply found them not worthy of pursuing.
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#68

Snapchat is dying

How is the new update useful? (I haven't read about it yet)

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#69

Snapchat is dying

Your location is being constantly shared when you have the app open, unless you turn on Ghost Mode or use an alternative means of denying location access.

It let's you stalk people closer than ever before. I guess the utility is in "bumping into" people and being totally surprised to see them there.

On the other hand you better make sure your location is hidden if you've got a girl who thinks you're faithful.

You can hide your location but still see others' so that's optimal if you're like me and think this is a step too far privacy wise.
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#70

Snapchat is dying

Quote: (06-24-2017 01:57 PM)Valentine Wrote:  

Your location is being constantly shared when you have the app open, unless you turn on Ghost Mode or use an alternative means of denying location access.

It let's you stalk people closer than ever before. I guess the utility is in "bumping into" people and being totally surprised to see them there.

On the other hand you better make sure your location is hidden if you've got a girl who thinks you're faithful.

You can hide your location but still see others' so that's optimal if you're like me and think this is a step too far privacy wise.

You can pretty much see exactly where people are.. holy shit! I turned on ghost mode immediately.

You fellas better turn that shit on immediately if you are using this app.

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#71

Snapchat is dying

That new map feature is kinda cool, I admit. You can see what is happening in various parts of the city (as long as people don't post random stuff). Could have decent utility.
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#72

Snapchat is dying

Any other forum members made profits out of Snap's disappearing share price?

https://www.cnbc.com/2017/08/10/snapchat...-2017.html
Quote:Quote:

The social media company reported worse-than-expected quarterly results on Thursday, with a loss that was steeper than expected and revenue that missed estimates, as it added fewer users than Wall Street anticipated.

Snap added 7 million daily users during the second quarter — a slower rate than the 8 million added in the first quarter.

Its shares fell 14 percent in premarket trading to $11.74, below the all-time intraday low of $11.91 set during regular trading on Aug. 3.

(...)
Revenue: $181.7 million
(...)
Losses also piled up during the quarter. In the three months ended in June, Snap posted a shortfall of $443.1 million, as costs rose across the board, especially in marketing, R&D and operations.
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#73

Snapchat is dying

Quote: (03-18-2017 05:16 PM)Spaniard88 Wrote:  

I still don't see the value proposition for instagram and snapchat for me.

I'm not sure what need it fills in my life (34 year old guy).

I focus on my own life, so instagram seems pointless, and snapchat, I mean I just text or call people when I want to communicate.

Judging by their valuations, I must be in the minority.

That, or the valuation is a bubble.

Depending on what business you're in, Instagram can be indispensable; in my industry (men's clothing) it's basically a must these days. But for the average guy it's not really necessary, just like Twitter is something only celebs, reporters, and Trump need to use.
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#74

Snapchat is dying

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#75

Snapchat is dying

Recent developments imply Snapchat is indeed dying given their first decline in daily active users.
https://www.forbes.com/sites/greatspecul...36eed92b5d

Quote:Quote:

Snap’s daily active user base declined from 191 million in Q1 2018 to 188 million, as the company continued to witness user attrition following its controversial redesign of the Snapchat app late last year. While Snap has been rolling out an optimized version of the app over the second quarter, with some key UI changes, it’s possible that the updates came in too late to make much of an impact on the company’s second-quarter user figures. While the company hasn’t provided specific guidance on its DAUs for Q3, it indicated that it is seeing some improvements to leading growth indicators such as new user retention.

More and more analysts slash their price targets for Snap stock which fell below 10$ a few days ago.

Snap is still an interesting stock to those who are interested in going short on tech stocks.
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