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Except for when you go public and that "niche" isn't big enough to drive the returns public investors want. There seems to be many social media companies that s
by jdavis703 9y ago
Except for when you go public and that "niche" isn't big enough to drive the returns public investors want. There seems to be many social media companies that should take the non-profit and open source route that Mozilla took. Twitter feels like a prime candidate, they provide an extraordinary useful service that might be impossible to monetize without losing some of the utiliy.
- fullshark 9y agoHere is the thing. It doesn't matter. Snap shares have no voting rights, he can completely ignore wall street except for how the stock price affects talent acquisition/retention. Going non profit would have an even worse effect on talent acquisition / retention so that argument is moot. I think Snap is in deep trouble but I have no problem with how they handled their IPO. They got a huge influx of cash and had to give up basically nothing for it. That cash is why they have a shot the next 4 years. The market dynamics were never in their favor but they really did make the most of it.