Like and comment on this post to make it trending to ensure everyone understands Snap's downfall. Snap lost the plot when they chose to hire and expand losers from Amazon in Seattle instead of going big in silicon valley. They were in some crapshoot place like LA where you won't find a single worthy engineer worth his salt. They misunderstood the importance of talent density that silicon valley boasts off. Had they chosen to poach talent from Google/Meta then they could have achieved insane success. But nah, let's hire losers like Jeremy Hunter who destroyed Snap. The problem with Amazon leaders isn't pip Quotas or their toxicity. The problem with Amazon leaders is lack of innovation and disruption. They are good for nothing beaucractes who got lucky with AWS. The non AWS side of Amazon is pure garbage that is funded by AWS money.
Thanks for vomiting this. Hope you feel better soon! As a next step: Uninstalling Uber
Salesforce is alive and thriving because it's in the heart of San Francisco. Had it been in a bumbfuck place it would have been long gone like yahoo did.
They have heavy presence in Seattle too.
You will crack the Amazon interview next time! Keep your chin up!
Yeah I am sure I will want to go to Amazon from Uber won't I ?
Wasn't Snap paying AWS more money than it was making in revenue at one point and hiring idiots paying them millions to just use off the shelf AWS services? Didn't he say at one point that Snapchat might have no path to profitability? Looks like he's just making his own predictions come true. I would argue that Snap as a company has been dead man walking long before it started hiring in seattle/ex-amazon - what's the point of 'work culture' when you don't even have a way to break even.
I have a running theory about Amazon that you don’t hire people within a year of leaving Amazon. Doesn’t matter if it’s voluntary, layoffs, or PIP. They’re too burnt out to care or even function correctly (please stop logging in at 1AM to comment a PR you literal insane person). After the year cooldown period, they’re usually better than the average person in my experience. They just need to decompress, Jesus
Its country dependent. Any amazonian outside of the USA / india / china will be a non psychopath. Amazonians from aus, uk, eu, etc are all really nice I promise :)
Spell check much?
Only one person is responsible for Snap’s abysmal turnout and that man is Evan Spiegel
This
Execs don't exactly have a vision always. They rely on their minions to do the needful. Satya is no genius. But he is smart in his investments and the people he takes a bet on. A CEO is like an investor. They have should have a knack for identifying people who can weave magic. Here our Evan idiot bought the lies and garbage of Amazon leaders from retail who all their lives coasted on AWS money. End result is a bunch of shit poured outside of snap's messaging capability.
Snap was designed to fail from the start. Evan only cares about diluting his shares to afford his mansion and to afford his wife
He is diluting shares to focus on pet projects (ar glasses) and is terrible at hiring.
How do you feel to work for a company diluting 10-15% a year and you cant even buy puts?
Bro is spot on. I worked on a recommendation engine team, a bunch of the engineers got hired by snap. The recommendation system was completely worthless. 5 years of engineering and they ended up shutting it down, terrible programming. I think snap gave them all 400k+
Yup. There is a reason why OpenAI is Shelling out $1M-3M on top tech talent from top universities and top companies in San Francisco. Top talent has a premium and only those that shared space with top talent have a clue about what top talent means.
They have remote positions too. San Francisco is tough sell for many. The rest of Bay Area is more livable.
Well just from a user POV apps like Snapchat & Bereal etc. aren’t profitable in the long run
I am talking about user stickyness. Snap has none and is likely to fade. The problem isn't monetization. The problem is lack of innovation, disruption and quality.
As someone who still infrequently uses snap, they've given zero improvement in many years - literally half or more of the app is just ads, ads, and more ads. The filters are ads, the explore tab is ads, it's ads EVERYWHERE. And in the end it's still a private social media platform with not much space to intermingle, of course it's not gonna grow.
Thanks for your Ted talk