But than again if we look at their finances (and stock), they have always been in the red and are resorting to selling glasses and hotdog costumes now (huge losses).
So maybe they aren't that successful after all.
Tons of people use the app. The interface is central to its virality. Snap's growth wasn't a problem until Facebook did everything they could to clone it. Snaps failing because everyone is starting to realize that if you aren't GOOG or FB, you aren't worth spending $$$ on. Just the other day I saw an "OfferUp" ad on Snap that looked like a 90s banner ad. I can't tell if Snap went full self serve or if they are struggling to find people to buy on their platform. And who would after advertisers have been spoiled by FB's demographic data and GOOG's intent data?
Edit: I feel like I spend a lot of time defending snapchat when I hardly use the app.
An app whose only novel idea is that the messages and photos you send delete themselves after some time, except for the fact that once they're in your friend's phone, they can of course take a screencap, or just have an app installed to store them... so the whole idea is based on cluelessness about basic security... and yet, there it is.
Who would've known people would come to like JSX? I used to think it was an abomination.. now it's great.
Sometimes I think the only thing keeping Youtube alive as a Google product is that the internet would rip them to shreds if they were to shut it down.
Now, I think they want to use the infrastructure to build something that competes against Netflix and Amazon, but to do that they have to destroy the existing economic incentives for content creators and drive off as many content derivative users as they can (anyone incorporating or using licensed content, even as covered by fair use), and basically rebuild Youtube from the inside out.
Sharing pictures and comenting on them, like Fotolog.com in the early 2000s, but more closed (it didn't want you to browse photos on mobile without the app)... yeah, revolutionary.
Because that was illegal. This isn't a secret - it's constantly mentioned by pro-Uber and con-Uber groups.
Reimagine it as "it's half the price because it is not the beneficiary of a government-granted monopoly on its business".
States and law enforcement are more likely to be concerned with what Bitcoin is used for, than the mere fact that it is used.
Now I can totally understand that it's an important evolution in tech and will probably solve the last mile problem (at least some of it) in the near future.