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What should they have been focusing on? Outside of small hardware experiments, they don’t strike me as a company that is too distracted.
by enos_feedler 4y ago
What should they have been focusing on? Outside of small hardware experiments, they don’t strike me as a company that is too distracted.
- adam_arthur 4y agoBeing profitable, better monetization. Their revenue is almost flat YoY, thus not a growth company, yet they make almost nothing in profit. Twitter and many others are in the same position. The days of riding a structurally unprofitable business model on revenue growth rate alone are over
- JumpCrisscross 4y ago> What should they have been focusing on? They never nailed their ad product. And they have a Biblical cost centre in their Google cloud bill.
- umeshunni 4y ago> And they have a Biblical cost centre in their Google cloud bill Would AWS be any better?
- JumpCrisscross 4y ago> Would AWS be any better? Snap uses AWS [1]. It was a tongue-in-cheek reference to their massive cloud bill. In a money-losing company with moderate growth, outsized infrastructure costs relative to revenue imply little moderation of the former in connection with the latter. [1] https://www.sec.gov/ix?doc=/Archives/edgar/data/0001564408/000156459022026210/snap-10q_20220630.htm https://www.sec.gov/ix?doc=/Archives/edgar/data/0001564408/0...