If they'd increased revenue by selling dollars for 90 cents that only would have cost $10.9m, much cheaper than the $443m loss. Maybe they should try that next time.
Yes. How does 'snap' lose $443 million? How is that even possible given it's a simple iphone app (sure android too). The only explanation is piling cash into massive fires 24/7.
Well for starters they agreed to spend $400,000,000 a year with Google Cloud. On a quarterly basis they are giving Google more than half of their revenue.
It's quite an impressive amount. I wonder what it would have cost them to have their own hardware and a small team of engineers to run it. I'm guessing maybe 10% of that?
For starters, roughly $200 mil was spent on acquisitions.
That wouldn't be an expense though, unless they wrote it down. Nitpicking, I know. What's $200MM after all ;)