Most tech companies are built such that they can turn on profits at the flip of a switch. Tesla. Amazon. Uber. Facebook. Google. Airbnb. etc. Some companies take the strategy of reinvesting their profits into growth. Is Snap built this way? Is Snap losing money trying to grow? Or is Snap still trying to find revenue streams to support its operating costs? I guess what I’m asking is... Can Snap survive competing against Facebook for advertisers?
nah they’re doomed. very hard for a social media company to recover lost users in a multi player market
Profit is even irrelevant when it's losing users.
False. Twitter is losing users but their stock went up because they’re finding ways to make more money despite a shrinking user base.
DAUs are up
Snap won't be viable as an independent company. They might fit into someone else's portfolio, so I think they'll be acquired probably at higher than current valuation. But it's hard to catch a falling knife.
I've seen some of their numbers, and they didn't look good. They will likely go the way of Myspace.
Where did you get snapchat numbers?
The keyword is "some"
Personal Finance
Yesterday
868
$10 million is the new $1 million
2024 Presidential Election
Yesterday
530
Heartwarming peaceful protests
India
Yesterday
415
Modi is a legend, will be remembered for centuries to come
Tech Industry
Yesterday
1157
The end of Backdoor Roth?!
Tech Industry
Yesterday
3511
Asians - what are your thoughts on asian female white male ?
Snap will be bankrupt soon