> "$59 million in revenue in 2015 to nearly $400 million in 2016"
Valuation at 60x 2016 revenue with no profit? Oh boy.
Aside from that, who uses Snapchat?
Valuation at 60x 2016 revenue with no profit? Oh boy.
Aside from that, who uses Snapchat?
You're kidding, right? It passed 300 million monthly users almost a year ago.
We're all tech fuddy-duddies here, still stuck on linkedin and email FWDs, we don't know nuttin' bout dat snap.
And not much more since then... Growth fell of a cliff once FB started to focus on copying their features (see Instagram Stories).
When my younger family members who are in high school and college want to contact me, they always start the conversation on Snapchat.
It's all anecdotal, but I think Snapchat has been outside the fad phase for awhile now.
You may not grow out of snapchat, but the youngs are guaranteed to move on to something else. That's the way it's gone for everything else, no reason for snapchat to be any different.
Doesn't mean they can't build a business around the audience they have, but I think expecting that audience to continue to grow significantly over the long term is a mistake.
Are high-school students a lucrative market (and I'm not talking the mobile ad ponzi)? I was pretty poor at that age.
There's a reason Coke and Pepsi are so aggressive at advertising to that demographic.
Just like how people use Facebook before all their parents joined too.
This doctor: http://www.bbc.co.uk/news/technology-38314539
> UK teaching surgeon Dr Shafi Ahmed has "livestreamed" an operation using Snapchat spectacles, which are sunglasses with a small camera integrated, allowing the wearer to record what they are seeing.
(I think he had the @NHS twitter account for this week (27th March through to 5th April)