Snapchat lost $2.2B last quarter, stock down 25% after-hours
- Thread starter giga
- Start date
I think there is value in snapchat and it could be fairly successful with smart monetizing, but they seem to overshot in my opinion.
Anecdotally, me and my friend group use snapchat quite a bit. It's the equivalent of picking something up at a tourist shop, showing it to a friend, saying this is neat, and going on with your life. It's useful for throwaway sharing.
Anecdotally, me and my friend group use snapchat quite a bit. It's the equivalent of picking something up at a tourist shop, showing it to a friend, saying this is neat, and going on with your life. It's useful for throwaway sharing.
m_shortpants
Member
Facebook has injected a Snapchat clone into FB messenger, WhatsApp, and most importantly Instagram. Snapchat won't last.
It started off as just a messaging app for sharing photos that expire, but over the years they've added in text messaging, sending videos, sending money, video calls, stories (basically a newsfeed of people's updates that all your friends can see), interactive filters as well as original content from publications such as Bleacher Report, MTV, Comedy Central etc.
I did find it funny how unsubtle Instagram were in completely ripping it off, filters and all. I think Twitter is the only major social network that hasn't ripped them off at this stage.
I think the concept of Snapchat was pretty novel and cool. But the way people used it made me fucking hate Snapchat. Absolutely fucking hate it. And everyone I saw use it. It definitely was some irrational hate. But man. The people around me were using Snapchat to do stupid selfies and whatnot all the fucking time. When Instagram introduced Stories I kind of lost my shit for a while because of my hate for Snapchat lol. But Stories get used in a whole other way from my experience. I never see stupid ass selfies on Stories. And now I love Stories and use it all the time.
neurosisxeno
Member
Snapchat is one of those things that's a great idea and people like it but it sucks as a business. How do you really monetize something like Snapchat? Any attempt to do so will cause you to hemorrhage users.
Twitter is totally going to be bought by Facebook, Google, Verizon, or Microsoft. Too big, too integrated to let it fail
Snapchat is totally dead man walking
Can Crusher
Banned
Shit is for kids and teenagers.
the_batman
Banned
true, but they seem to have made a shit ton of money off of it.
RastaMentality
Banned
Twitter is literally the direct outlet for the American president to address the country. it ain't going anywhere no matter much money it drains.
perfectchaos007
Member
Snapchat started cracking down on pornstars who show boobs in their snap "stories" so I stopped opening the app.
RumblingRosco
Member
I love SnapChat and thought Instagram Stories wouldn't really take off, but I was wrong. I'm seeing what you're seeing - people are slowly using Instagram Stories more than Snapchat among my group of friends. What I see between the two are identical videos basically, and I think that'll eventually turn into no one using Snapchat and everyone using Instagram Stories.
SonicXtreme
Member
instagram stories is significantly more clunky than snapchat's are. plus on insta i follow tons of artists and celebs and such that i really don't want to view a huge story of, versus snapchat which is almost entirely people i really know, and the way you scroll through stories on IG, it's clunky, you can only see like 4 or 5 in the line at a time, versus snapchat where it's just a lot more intuitive and easy to cherry pick who i view by the nature of it being top down, really.
like i don't really want to see 5 seconds into an artists life where usually they're just begging you to buy prints or something, but i really like seeing their normal insta posts. versus a close friend where hey , seeing a minute of their life is pretty cool and even if it's mundane can bring up conversation points. it's just a diff in the platforms imo.
like i don't really want to see 5 seconds into an artists life where usually they're just begging you to buy prints or something, but i really like seeing their normal insta posts. versus a close friend where hey , seeing a minute of their life is pretty cool and even if it's mundane can bring up conversation points. it's just a diff in the platforms imo.
jungomitis
Member
Instagram / Facebook will continue improving their implementation of Stories on the platform. Maybe you'll be able to opt out of stories for certain people that you follow etc. etc.
EDIT: In fact - it looks like you can already do this on iOS. I long pressed a story and it gave me the option to mute the person's story. Perhaps you could do this for those obnoxious celebrities?
The inherent advantage of Instagram over Snapchat is their audience. There's just a lot more people globally on Instagram - thus there's way more content. I personally think Snapchat will go the way of Twitter - except be even less influential because media companies won't use Snapchat as a main form of distribution.
Stabby McSter
Member
its more like for millenials and younger
AHA-Lambda
Member
I'm the opposite, EVERYONE I know uses it except me, and I genuinely don't get the appeal of it :/
Widdle Puppy
Banned
Instagram and snapchat while sharing certain features are still entirely different experiences.
Snapchat is not going anywhere
Snapchat is not going anywhere
The Artisan
Member
Huh, wasn't it the most downloaded app last year?
I haven't snapped much in the past few months
I haven't snapped much in the past few months
sixteen-bit
Member
Insta-facebook eating their lunch with stories and live video.
Amateur boobs?
Muppet of a Man
Member
One day we will all look back and realize that all these social media companies were obscenely overvalued garbage.
Worth billions of dollars? Seriously?
Can't wait until things that add real value to life take center stage once more. That won't be there case until cheap, clean, sustainable energy generation and storage are feasible.
Worth billions of dollars? Seriously?
Can't wait until things that add real value to life take center stage once more. That won't be there case until cheap, clean, sustainable energy generation and storage are feasible.
What does real value mean? No one talks about medicine anymore I guess. When will pharmaceuticals and hospitals get their turn to make a buck!
They still have a huge market. High school students are their core, and I imagine the 18-25 market is not far behind. Hell, I work at a K-8 school and see plenty of students, mostly those in MS, using it on a routine basis.
Our school even recently sent out an email about "Snapstreaks" and the effect it's having on kids and their friendships. With all that said, hearing about these $200 glasses bombing isn't all that surprising. Their market is teens and young adults. That group can't afford $200 devices and most parents aren't going to be buying those for their kids.
Our school even recently sent out an email about "Snapstreaks" and the effect it's having on kids and their friendships. With all that said, hearing about these $200 glasses bombing isn't all that surprising. Their market is teens and young adults. That group can't afford $200 devices and most parents aren't going to be buying those for their kids.
Muppet of a Man
Member
Things that enhance our engagement socially face to face or help us survive in the actual physical world without destroying our ecosystem in the process: basically reinventing all infrastructure, energy production/storage, and manufacturing so that it is sustainable and more easily accessible. Also reinventing city planning for the new age to support such developments. We are still living in the winding down of the telecommunication/digital revolution (i.e. 3rd wave industrial revolution). It is time to shift capital towards making the 4th wave industrial revolution a reality (i.e., the Sustainsble infrastructure revolution).
Reminds me of when the internet first started up and all those IPOs started popping like crazy. I still don't quite understand how these apps ever expect to make money when monetization means they're probably going to start destroying their user base. Let alone generate enough profits that their market cap could ever justifiably be 20 billion plus.
Similar threads
- Locked