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Lets not forget that Facebook lost a lot lot of money before finally discovering a way to monetize its services. This is SNAP's first public earnings report. D
by pm90 10y ago
Lets not forget that Facebook lost a lot lot of money before finally discovering a way to monetize its services. This is SNAP's first public earnings report.
Disclosure: Not a user or stock holder of SNAP
- valuearb 10y agoThey never lost money at SNAPs rate as a public company.
- Analemma_ 10y agoThey never saw the huge dropoff in YoY DAU increase that Snap is seeing either.
- ceejayoz 10y agoFacebook didn't have a competitor with 20x the market cap doing a great job of rapidly copying their distinguishing features.
- rjvir 10y agoOver 1000 Googlers were cranking on Google Plus, which at the time was a Facebook copy cat. What makes Facebook so threatening to Snapchat is the aggressive cloning in tandem with it's pre-existing, larger network. By the time Google decided to clone Facebook, the Facebook Graph was already more powerful than the GMail graph (which is what Google Plus was built on).
- ceejayoz 10y ago> Over 1000 Googlers were cranking on Google Plus I said "great job".
- yellowbeard 10y agoDo you have a source for the size of the Google plus team?
- rjvir 10y agoThis article mentions that Google Plus had a staff of greater than 1,000: > Plus, by comparison, had upwards of 1,000 [people on staff], sucked up from divisions across the company. http://mashable.com/2015/08/02/google-plus-history/ http://mashable.com/2015/08/02/google-plus-history/
- funkyy 10y agoFacebook copycat? It was poor take on Facebook. Bad design, bad decisions, bad UI and bad UX. There was no vision for it, Google Plus would be much better as LinkedIn killer than Facebook killer.
- ryanmerket 10y agoIt was a direct shot at the bowel of Facebook and it failed.
- deleted 10y ago[deleted]
- rjvir 10y agoFacebook at least had incredible growth. This report shows Snapchat missing on that mark too.
- awkwardtortoise 10y agoWith a company like SNAP, it's not a matter of monetization. It's a matter of growth. SNAP better get its act together or it's gonna end up like YHOO or TWTR looking for another company to buy it out. FB grew at a faster rate than SNAP from a much bigger base.