How long do you think they have left?
OR
Do you foresee them surviving beyond 2027?
OR
Do you foresee them surviving beyond 2027?
- For every $6 they spent, they got back $1 in revenue.
- The product is an app which is free to use.
- A large chunk of their system runs on Google App Engine; which is probably the most expensive and highest lock-in infrastructure solution that you could possibly use.
- The CEO, who was basically fresh out of university, turned down a $4 Billion offer buy the company.
So basically; they're a company which loses money at an incredible rate on a product which is nearly impossible to monetise and with an inexperienced and irrational person as a CEO. I'm surprised it still exists tbh.
No sane rational person can look at those numbers and think that it's a good investment.
Not really. Like any hosting platform, if you know how to tune it properly costs can be kept low. We cut our infra costs in half moving to GAE. YMMV.
Dropbox did the math and found they could do better on their own. Only time will tell who is right.
It's definitely cheaper on the lower to even medium end. But once you're spending six figures per month, it's probably only ~10% cheaper than buying the equipment and hiring three people to manage it. Not sure why anyone would be on Google Cloud (or any cloud really) and spend 7 figures a month, unless you got a sweet deal from them.
You can already run GAE in a Docker container using app engine flexible.
Compared to instagram's stories, which loads up in an instant, Snapchat takes its own sweet time. They made the mistake of not paying enough attention to android in the beginning. And now they are trying to fix their mistake. It is a timesink; but they brought it upon themselves.
Instead of fixing each individual problem, they appear to have declared bankruptcy and are throwing out their old code.