What is your outlook on Snap?

Palantir aYeL86
May 17 20 Comments

Considering my offer, but curious what current employees think of the company outlook - things interviewers won’t answer candidly. Have you noticed any trend of talent leaving?

My vague feeling based on anecdotal experience of using the app and talking to friends is that people are migrating over to Instagram. I only have a couple Snap stories to view now, but a ton on Instagram.

Also, I don’t get the sense that Snap are doing enough to diversify their business, the way FB did with Instagram and WhatsApp. Especially given the lack of user investment into their personal content on the app, I don’t see what’s going to keep the business alive once the trend dies. (I.e. vs FB that hosts user images).

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TOP 20 Comments
  • Palo Alto Networks !💥
    I never believed in them till this week. The gender bender filter is possibly the greatest innovation of this decade. They should expect my application soon.
    May 17 4
    • Palantir aYeL86
      OP
      I’ve seen more Instagram posts of screenshots from the gender filter than snap stories with it. I do have more friends on Instagram though. Is a filter enough to revive a user base? Still doesn’t feel sticky at all
      May 17
    • Innovation? Lol. The deep learning style transfer paper was first published in 2016. There are a number of startups that sell modified portraits, arficial voices and so on. Give me enough face images and GPU, will give you a working prototype in one weekend of hacking
      May 17
    • Palo Alto Networks !💥
      How dare you. Gender swap filter is a milestone in humanity's evolution
      May 17
    • Snapchat gqkO66
      But can Instagram copy the gender filter IN REAL TIME
      May 17
  • Oracle / Eng
    MfqX68

    Oracle Eng

    PRE
    Intel Corporation, Microsoft
    MfqX68more
    TC or GTFO
    May 17 4
    • Palantir aYeL86
      OP
      I posted it in a separate thread, though don’t see how it’s relevant at all to what I’m asking.
      May 17
    • Palantir aYeL86
      OP
      But to appease your two likes.
      160k base, 425k stock over 4 years, 112k refreshers, 50k “target” bonus
      May 17
    • Apple Icml2017
      Do they have targeted refreshers at Snap every year during reviews? How likely one gets the target bonus every year? The recruiter didn’t talk much about these but I interviewed last July and they probably have a different compensation structure now.
      May 18
    • Amazon / Eng bCxp50
      I think the $112k refreshers and $50k bonus ARE the targeted figures (L3, I'm guessing). My L4 offer last summer was 190/750 base/RSU with claimed 187/75 refresher/bonus targets.

      However, my recruiter also told me "not to expect them" because the company was trying to achieve profitability and continuously evaluating different cost-cutting measures. I appreciated the honesty, though I think they realized that bullshitting me was a bad idea given the situation they were in and the news that was coming out of the company at the time (Snap had just gone through a round of layoffs and cancelled bonuses for most employees earlier in the year, and it was fairly public knowledge). Maybe they did follow through this year.
      May 18
  • New
    slushie

    New

    PRE
    Google
    slushiemore
    https://www.rooftopslushie.com/request/81 A post about Snap's culture
    May 17 0
  • Snapchat gqkO66
    Talent pool is increasing! But because of lay offs
    May 17 3
    • Palantir aYeL86
      OP
      How do you feel about the company’s outlook? Will it still be in business 10 years from now? Will stock tank in the next few years?
      May 17
    • Snapchat gqkO66
      You’re asking hard hitting questions, and I won’t answer them. Work for snapchat if you don’t care the company tanks tomorrow but you want to grow or make an impact today. Otherwise, work somewhere safer
      May 17
    • Palantir aYeL86
      OP
      Thanks for the honest answer
      May 17
  • Snapchat goarroyo
    Company has been improving internally over the past couple of years and product is making a come back. Still not a sure shot like FANG but there's at least room to grow
    May 19 0
  • Apple Icml2017
    I interviewed and got an offer from Snap to work on Camera/computer vision related stuff. I really liked the team and the interview process. I think they are trying to diversify into camera, augmented reality (https://wersm.com/snapchats-landmarkers-feature-brings-famous-landmarks-to-life-in-ar/), etc but not sure how far they will succeed. But I do feel the work would have been interesting albeit with risks involved (more due to the stability of the company). On that note I will consider Uber, Lyft, etc to be risky bets too; Snap has gone through tough times for 2+ years and I feel they can survive at least some more years. Also consider the fact that Snap doesn’t have any cliff for RSU investing; so you can encash it right from the beginning.
    May 18 0
  • Snapchat
    Lampost

    Snapchat

    PRE
    Google
    Lampostmore
    Snap is the only company I can think of that has the chance to go 2-3x in next 1-2 years. I’m very bullish and while I received offers from Google, FB, Uber, Airbnb, for similar TC, I still think this is the place to be. Impact. Growth.
    The others will still be there in a few years.

    YoE: 6
    TC: 490k
    May 23 0
  • Visa EffOffBoy
    I use it to store my dick pics and keep them off my camera roll
    May 17 0
  • Palantir aYeL86
    OP
    To elaborate on the last point, I don’t get the sense that the app has much stickiness to retain users.
    May 17 0

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