This wouldn't surprise me if it's true http://www.businessinsider.com/snapchat-unseals-anthony-pompliano-lawsuit-over-user-growth-metrics-2017-4
No one cares about Snap anymore
I know! The phenomenal growth is always hard to believe.
Totally cool feature :) agreed that it is very simple However that is not what the lawsuit is about. It is also not about snaps per day - it is about unique monthly users and the rate of growth. On one side we have a guy who doesn't have much to gain and goes through a lot of pain to go through the legal process. On the other hand we have a company with immature processes, every incentive to bend the numbers a little bit to secure better valuation, to attract new employees knowing that the little lie will likely become the truth in a few months. So given that setup my bet is that investors and new hires may have been told 100m when it was really low 90s. It is also not something that is related to going public as the misrepresentation is alleged to have occurred in the past. And I think watching the next two quarterly results before the lockout expires for employees is very interesting :)
Again, QPS, unique IPs, general traffic growth are all calculated by Google. New hires used to have direct access to this information and can dig it up themselves, so it's not like someone is feeding them the information while they sit and believe. I won't comment on the guy (he is coming from FB btw). Maybe you can tell us a little bit about him given that he calims to be a top performer at FB while he didn't stand a chance anywhere else. But I know he has couple other lawsuits going on trying to sue other companies on the side. Again, all history is recorded and it will be easy to go back and verify. I really hope numbers will add up because otherwise I personally will be fired :D. Yes, first quarter results are right around the corner. I am curious to see the market reaction to it as well.
I definitely don't want you to get fired, especially with 10/20/30/40 vesting plan. Sucks to get fired in first three years. My guess on the results: - first quarter: user growth is up (due to IPO publicity), revenue is up, cost of revenue up a lot, loss widens. Stock price goes up modestly. - second quarter: user growth is flat to negative (IPO usage dissipates), revenue growth slows, loss widens even more. Stock goes down a lot. Summary - people with 5 months lockout who sell right away are happy, people with 6 months lockout are angry
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