>only non-voting shares. >Snap Asks Non-Voting Investors to Focus on Vision, Not Losses. >Loss widened to $515 million in 2016 from $382 million in 2015. >Company has committed to spend $2B with Google cloud over the next 5 years. >2 fucking BILLION dollars for computers.
DOT COM bubble 2.0 when?
Justin Cox
Seems like they know the jig is up and they want to cash out.
How the fuck does snapchat make money, at all Other than having rich partners for the """news""" section
It'll probably go up immediately from dumb cowboys buying it because hurr snapchat and risk investors trying to take advantage, don't you think?
Hudson Reed
>It'll probably go up immediately from dumb cowboys buying it because hurr snapchat and risk investors trying to take advantage, don't you think?
There is a reason Whatsapp announced the "delete message/picture" service implementation two days ago before the IPO.
Gamble, but the IPO is extremly overpriced.
Isaac Morris
Will we be able to buy stock through Robinhood? Or will there be ridiculous wait times on orders?
Jordan Robinson
snapchat won't survive whatsapp whole app is a feature with shitty ux
Hudson Lopez
>investors focus on vision, not losses
Dylan Jones
how come snapchat is in the red ? what are they spending their cash on if they cant turn a profit with this massive ad reach they have ?
Jonathan Baker
Going all in
David Watson
330 employees each making 300k = 100 million + server running cost + miscellaneous
Christian Sanders
who gives a shit, buy twilio
Parker Bell
Snapchat's fuck up is that they willingly put themselves in a political position. Worse yet, the losing side. They put so much money into supporting the DNC that when Trump won they had no choice but to keep pushing the DNC agenda or else they'd lose their funding from CNN and other leftwing companies.
Snapchat also spends their fucking money on stupid shit. I really like the company but at the end of the day they're paying their people way too much fucking money when they could be branding themselves a lot better. If spectacles were reasonably priced and available to a mass market rather than being sold in "hip, trendy, cool" vending machines they'd be able to really make an imprint.
I like snapchat, I really do. It's just that they're typical californians running a business. They're pinko faggots and that's going to lead to their demise.
Alexander White
They have 2000.
Zachary Long
WhatsApp is owned by Facebook and Facebook has made it its sole mission to crush snapchat
Joseph Johnson
>Coming out with gadgets such as Spectacles and social media innovations that players such as Facebook want to copy isn’t easy. The company’s biggest investment is in R&D, where it spent $184m in 2016 – up from $82m a year earlier.
>The company also spent $124m in marketing and $165m in general and administrative costs.
and inexplicably employs 1800 people.
Parker Murphy
Facebook owns instagram which now offers basically the same service as snap chat
Joseph Hughes
could of sold it for 3bil in cash and facebook shares years ago. what a clown not accepting that offer
Joshua Harris
what is their value proposition anyway? It seems like they came up with a product that people wanted but with no real way to make a sustainable business model
Jaxson Ortiz
exactly. snapchat is on its way out, largely.
Jeremiah Barnes
>you fucking goyim! why aren't you willing to give money to me and to my bull?
Adam Green
>could of >could >of >o >f What is this, first grade? It's "could have" you dumbass
Doesn't the IPO money go to them? They're much better off this way if that's the case.
Gavin Cruz
bigly, i cant wait to short this faggots shit company
Nicholas Flores
Most of that 3 billion was likely promised to employees. An IPO shortchanges the employees by giving them less valuable shares, meanwhile the company raises the ceiling on what it's allowed to take in from investors.
Luke Sanchez
depends how much stock they personally sell
Robert Morris
Sweet fucking shit
This is like the investment equivalent of "But she has such a great personality"
Logan Roberts
Facebook petty as fuck. I hope Snapchat magically succeeds and they make a movie about it and it shows Facebook and mark zuckerberg as the big babies they are
Lincoln Flores
>tfw still don't know what snapchat is This is why I don't invest in software.
Zachary Russell
Snapchat does ads now Or at least they did. They announced it, and I saw ads for about a week after, sparingly, but I haven't seen a single ad for a while now. I guess reception was worse than expected.
Jaxson Brooks
Oh wow, of course as soon as I say that I see an ad
Noah Ward
It's not a software company it's a "camera company"
Ian Lopez
wat
Jaxon Anderson
that's what they claimed in their SEC filing
they also stated that they may never be profitable
William Myers
they're pivoting! ahahaha
Oliver Wilson
they don't even know what their product is jfc
Gavin Wilson
Ads, sponsored filters, and the news you mentioned.
Jose Gray
these apps can barely monetize, stupid investments all around. Owners should all be selling and getting the fuck out. Buy some parking lots or something with the proceeds.
Levi Foster
Technically they have those spectacles
Dylan Cook
I'm shorting that bitch, I hate Facebook more than anything but their products are solid as fuck, at the long run Facebook will survive by buying trends with their unlimited wealth and Snapchat will be the next Zynga. This is what I am thinking.
Blake Hughes
>I think I know better than the market You faggots are the same people who thought Facebook stock was going to be worthless after their IPO.
Jacob Foster
what are the sales figures on those? they need to narrow their focus and figure out what they're best at before it becomes a worthwhile investment
John Perez
Idk can't be much though. They sell out of vending machines for $300. There's 2 ways this can go. Either they pull a Facebook and prove to everyone that they are worth it in the long run, or they pull a twitter and become shit. DESU though Facebook isn't anything other than a holding company really. Tell me one product of Facebook. You can't because they don't have one. They just buy out other tech companies sure they have their website but that probably brings in chump change for them.
Brayden Sanders
>They just buy out other tech companies sure they have their website but that probably brings in chump change for them. huh? isn't facebook.com how they got all that money in the first place?
Jordan James
They got all that money from ad revenue, not innovation. Saying Snapchat can't do the same thing is stupid. But now Facebook buys a fuck ton of tech companies like oculus rift WhatsApp and Instagram.
Blake Powell
If Snapchat does go the same way my advice would be to buy letgo, or start something like it. That way they can diversify and allow for more wiggle room. They don't want to end up like twitter or groupon
Kevin Foster
When the fuck can I buy this?
Joseph Martin
I mean the only good thing Snapchat has is just the facial recognition database they have that they're gonna sell to the government at some point.
Levi Sullivan
Anyone else looking forward to shorting the shit out of this stock?