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Snapchat is doing great and making money. They're still worth over 33 Billion.

by josephpmay 6y ago

creaghpatr 6y ago
Undervalued at $33B in my opinion.
- guuguuguu 6y ago
  I have never seen a person using snapchat. Maybe I am too old
  - dmarlow 6y ago
    Let alone anyone talking about it anymore.
  - fragmede 6y ago
    anecdata isn't data
    - marapuru 6y ago
      Thanks for this great play on words :)
jbob2000 6y ago
They're making money until they aren't. OnlyFans is sweeping a large amount of adult models off of Snapchat. Everyone is doing disappearing content, stories, and photo filters. The only thing they have left are the contracts they signed with companies and creators when they were in their heyday.
- coralreef 6y ago
  They make money from advertising to end users. They have consecutive quarterly growth and are at an all time high for DAU: https://www.statista.com/statistics/545967/snapchat-app-dau/ https://www.statista.com/statistics/545967/snapchat-app-dau/
adventured 6y ago
> Snapchat is doing great and making money. Snap is losing a lot of money. Their operating loss was an astounding $596 million for the first two quarters of 2020. Barely an improvement over last year's $620m operating loss for the same period. Somehow they managed to generate a $596m operating loss on $916m in sales. Truly remarkable performance. It's not easy to so poorly run a business that should be printing profits. Facebook generated nearly a billion dollars in operating profit at that sales scale. The least Snap could do is break even.
devmunchies 6y ago
I haven't seen or heard about anyone using snapchat in the last year. It used to be the location for all my family's chat. They definitely aren't experiencing explosive growth anymore.
- askafriend 6y ago
  The growth is focused internationally now.
- yroc92 6y ago
  It’s very popular amongst younger people.
  - samtheprogram 6y ago
    As someone in their mid-twenties, I can confirm. Since a lot of users don't have iPhone's/iMessage, and/or just don't use Facebook/Messenger that much, it's become a go-to messaging platform for those that don't seek out the more dedicated ones like Whatsapp, at least in my non-technical circles. I'm in several group chats that all organically cultivated on Snapchat in the past couple years. Besides that, they've built out their first-party content platform pretty well, which I assume is what's driving their advertising growth, and (anecdotally) is shared in-app relatively frequently, although I've recognized some reposting/reformatting of said video content from Youtube or other sources, e.g. WatchMojo.

Snapchat is doing great and making money. They're still worth over 33 Billion.

creaghpatr 6y ago

Undervalued at $33B in my opinion.

guuguuguu 6y ago
I have never seen a person using snapchat. Maybe I am too old
- dmarlow 6y ago
  Let alone anyone talking about it anymore.
- fragmede 6y ago
  anecdata isn't data
  - marapuru 6y ago
    Thanks for this great play on words :)

jbob2000 6y ago

They're making money until they aren't. OnlyFans is sweeping a large amount of adult models off of Snapchat. Everyone is doing disappearing content, stories, and photo filters. The only thing they have left are the contracts they signed with companies and creators when they were in their heyday.

coralreef 6y ago
They make money from advertising to end users. They have consecutive quarterly growth and are at an all time high for DAU: https://www.statista.com/statistics/545967/snapchat-app-dau/ https://www.statista.com/statistics/545967/snapchat-app-dau/

adventured 6y ago

> Snapchat is doing great and making money. Snap is losing a lot of money. Their operating loss was an astounding $596 million for the first two quarters of 2020. Barely an improvement over last year's $620m operating loss for the same period. Somehow they managed to generate a $596m operating loss on $916m in sales. Truly remarkable performance. It's not easy to so poorly run a business that should be printing profits. Facebook generated nearly a billion dollars in operating profit at that sales scale. The least Snap could do is break even.

devmunchies 6y ago

I haven't seen or heard about anyone using snapchat in the last year. It used to be the location for all my family's chat. They definitely aren't experiencing explosive growth anymore.

askafriend 6y ago
The growth is focused internationally now.
yroc92 6y ago
It’s very popular amongst younger people.
- samtheprogram 6y ago
  As someone in their mid-twenties, I can confirm. Since a lot of users don't have iPhone's/iMessage, and/or just don't use Facebook/Messenger that much, it's become a go-to messaging platform for those that don't seek out the more dedicated ones like Whatsapp, at least in my non-technical circles. I'm in several group chats that all organically cultivated on Snapchat in the past couple years. Besides that, they've built out their first-party content platform pretty well, which I assume is what's driving their advertising growth, and (anecdotally) is shared in-app relatively frequently, although I've recognized some reposting/reformatting of said video content from Youtube or other sources, e.g. WatchMojo.