7 ms·

It's interesting to me that in May of last year Snap, Inc raised about the same amount of money. I've never understood how some companies need so much money. To

It's interesting to me that in May of last year Snap, Inc raised about the same amount of money. I've never understood how some companies need so much money. To me it makes sense for Tesla. They are building actual cars and that is expensive. What on earth did Snap need a 1.8 billion for?

Mz 9y ago
What on earth did Snap need a 1.8 billion for? To put it in a pool and swim in it, like Scrooge McDuck?
- lprubin 9y ago
  Precisely. It looks a little something like this: https://www.youtube.com/watch?v=Rzba7V8uB04 https://www.youtube.com/watch?v=Rzba7V8uB04
  - ijidak 9y ago
    Hahahaha. Someone needs to take the first 27 seconds of that video and make it into a meme for situations like this.
sondr3 9y ago
Burning (through) it mostly.
- Pulcinella 9y ago
  On what though?
  - Inconel 9y ago
    This[0] discussion from the other day has some interesting comments about employee compensation. And then there are acquisitions like this[1], in addition to the infrastructure costs that have been mentioned. [0]https://news.ycombinator.com/item?id=14983800 https://news.ycombinator.com/item?id=14983800 [1]https://techcrunch.com/2017/06/21/snapchat-buys-zenly/ https://techcrunch.com/2017/06/21/snapchat-buys-zenly/
  - JohnJamesRambo 9y ago
    Filters.
mej10 9y ago
Did you see how much Snap was/is paying on infrastructure? It is _insane_. $2 billion over 5 years. The amount of waste that is obviously happening there is maddening.
- cma 9y ago
  $2 per user year?
  - firebones 9y ago
    From Twitter: Chris Moore‏ @ctmoore91 Aug 10 More Quick math on $SNAP marketing numbers: - $3.60 per existing user - $89 per acquired user to make revenue of $1.05 per user in... 3 months
    - gozur88 9y ago
      That's a little on the high side, but it's not surprising. I work for a company that pays even more for new customers, though we have much higher revenue. An "acquired" user is like an asset when you sell your company.
    - cma 9y ago
      That's not the same thing though (infrastructure cost).
- angstrom 9y ago
  That's more than maddening. One company is working on the forefront of an entire ecosystem transformation in a 100 year old entrenched customer base the other...well, let's just say in another 100 years you'll be lucky to find anyone that knows what snap was.
  - kuschku 9y ago
    Depends. If Snap fails, and Facebook gets a monopoly for centuries due to network lock-in, we'll know Snap as the last competitor to Facebook.
blizkreeg 9y ago
> What on earth did Snap need a 1.8 billion for? because it's available.
paulie_a 9y ago
Snapchat is the social networking equivalent of the Kardashians.
agumonkey 9y ago
Last week snap was being shot down by some finance guy. They got bubble like fame, and failed to show how to convert user base into money. They're basically worthless
- angstrom 9y ago
  Well, the CEO fluff on the ER call was amusing. Probably doesn't help to brand yourself the same thing as a food stamp program, but I digress. https://www.cnbc.com/video/2017/08/11/analyst-caught-in-hot-mic-moment-on-snap-earnings-call.html https://www.cnbc.com/video/2017/08/11/analyst-caught-in-hot-... I would dump that shit if I owned it.

Mz 9y ago

What on earth did Snap need a 1.8 billion for? To put it in a pool and swim in it, like Scrooge McDuck?

lprubin 9y ago
Precisely. It looks a little something like this: https://www.youtube.com/watch?v=Rzba7V8uB04 https://www.youtube.com/watch?v=Rzba7V8uB04
- ijidak 9y ago
  Hahahaha. Someone needs to take the first 27 seconds of that video and make it into a meme for situations like this.

sondr3 9y ago

Burning (through) it mostly.

Pulcinella 9y ago
On what though?
- Inconel 9y ago
  This[0] discussion from the other day has some interesting comments about employee compensation. And then there are acquisitions like this[1], in addition to the infrastructure costs that have been mentioned. [0]https://news.ycombinator.com/item?id=14983800 https://news.ycombinator.com/item?id=14983800 [1]https://techcrunch.com/2017/06/21/snapchat-buys-zenly/ https://techcrunch.com/2017/06/21/snapchat-buys-zenly/
- JohnJamesRambo 9y ago
  Filters.

mej10 9y ago

Did you see how much Snap was/is paying on infrastructure? It is _insane_. $2 billion over 5 years. The amount of waste that is obviously happening there is maddening.

cma 9y ago
$2 per user year?
- firebones 9y ago
  From Twitter: Chris Moore‏ @ctmoore91 Aug 10 More Quick math on $SNAP marketing numbers: - $3.60 per existing user - $89 per acquired user to make revenue of $1.05 per user in... 3 months
  - gozur88 9y ago
    That's a little on the high side, but it's not surprising. I work for a company that pays even more for new customers, though we have much higher revenue. An "acquired" user is like an asset when you sell your company.
  - cma 9y ago
    That's not the same thing though (infrastructure cost).
angstrom 9y ago
That's more than maddening. One company is working on the forefront of an entire ecosystem transformation in a 100 year old entrenched customer base the other...well, let's just say in another 100 years you'll be lucky to find anyone that knows what snap was.
- kuschku 9y ago
  Depends. If Snap fails, and Facebook gets a monopoly for centuries due to network lock-in, we'll know Snap as the last competitor to Facebook.

blizkreeg 9y ago

> What on earth did Snap need a 1.8 billion for? because it's available.

paulie_a 9y ago

Snapchat is the social networking equivalent of the Kardashians.

agumonkey 9y ago

Last week snap was being shot down by some finance guy. They got bubble like fame, and failed to show how to convert user base into money. They're basically worthless

angstrom 9y ago
Well, the CEO fluff on the ER call was amusing. Probably doesn't help to brand yourself the same thing as a food stamp program, but I digress. https://www.cnbc.com/video/2017/08/11/analyst-caught-in-hot-mic-moment-on-snap-earnings-call.html https://www.cnbc.com/video/2017/08/11/analyst-caught-in-hot-... I would dump that shit if I owned it.