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Snapchat generated only $3.1M last year
- minimaxir 11y agoThis is blogspam for http://gawker.com/snapchat-lost-a-ton-of-money-last-year-1706957414 http://gawker.com/snapchat-lost-a-ton-of-money-last-year-170... The latter domain is banned on HN, however.
- nathancahill 11y agoHuh. Same reason it was banned from Reddit for a while?
- dontscale 11y agoIt's an interesting exposé. It'd be prudent to release the full document. I'd like to see management discussion (if any) around the "Product" expense line item of 47M.
- bmir-alum-007 11y agoNot news. Snapchat has what's important: Panama canals of recurrent eyeballs. They can roll out freemium, ads and ecosystem platform apps and monetize easily. They'd rather grow a bit before tinkering too much and putting off users. Value add things can be tacked on AliBaba-style. PS: Startups, code a valuable add-on for SnapChat and be sure to engage them early to avoid crossed-signals. That's how to make a few million in short-order (just be sure that the "golden handcuffs" terms are minimal).
- ChrisArchitect 11y agocurious what the expenses are that's eating their cash (to their credit, not devastatingly if they ramp up monteization) - dev tools, storage and bandwidth? Bandwidth and that sort of daily ops infrastructure has to be a major thing, usually is with these sorts of net heavy startups right