4 ms·

Yes. How does 'snap' lose $443 million? How is that even possible given it's a simple iphone app (sure android too). The only explanation is piling cash into m

Yes. How does 'snap' lose $443 million? How is that even possible given it's a simple iphone app (sure android too). The only explanation is piling cash into massive fires 24/7.

jonknee 9y ago
Well for starters they agreed to spend $400,000,000 a year with Google Cloud. On a quarterly basis they are giving Google more than half of their revenue.
- tim333 9y ago
  It's quite an impressive amount. I wonder what it would have cost them to have their own hardware and a small team of engineers to run it. I'm guessing maybe 10% of that?
prostoalex 9y ago
For starters, roughly $200 mil was spent on acquisitions.
- dusanbab 9y ago
  That wouldn't be an expense though, unless they wrote it down. Nitpicking, I know. What's $200MM after all ;)
- deleted 9y ago
  [deleted]