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Snap still hasn't found its place. Although Spiegel is, in many ways, in an enviable position (extremely wealthy in his 20s), he also isn't. Facebook basically
by dvt 9y ago
Snap still hasn't found its place. Although Spiegel is, in many ways, in an enviable position (extremely wealthy in his 20s), he also isn't. Facebook basically decimated Snapchat stories, and Snapchat is trying to become my generation (and the next's) Us Weekly. I think most people bet on them as a social media and technology company, not a tabloid rag.
But user acquisition is down, the Spectacles were a flop, and their new re-design has been met with a resounding "meh." I'm curious what their next move will be. These layoffs might be a sign of things to come.
- hndamien 9y agoThey should take a leaf out of the Telegram playbook. Snap cash was in the right direction.
- KyeRussell 9y agoIn my (early 20s, fairly normal) circles Facebook Stories is seldom used, and Snapchat is actively used. Just not the parts that Snap wants us to use (i.e. anything besides the core product).
- dvt 9y agoSorry, should've been clearer, I mean Instagram (FB owns it) -- most of my friends (early-20s to early-30s) use Instagram. A minority use Snapchat.