Lets not forget that Facebook lost a lot lot of money before finally discovering a way to monetize its services. This is SNAP's first public earnings report.
Disclosure: Not a user or stock holder of SNAP
Disclosure: Not a user or stock holder of SNAP
What makes Facebook so threatening to Snapchat is the aggressive cloning in tandem with it's pre-existing, larger network.
By the time Google decided to clone Facebook, the Facebook Graph was already more powerful than the GMail graph (which is what Google Plus was built on).
I said "great job".
> Plus, by comparison, had upwards of 1,000 [people on staff], sucked up from divisions across the company.
FB grew at a faster rate than SNAP from a much bigger base.
This report shows Snapchat missing on that mark too.