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$3.5B for an app lots of developers could create over the weekend is absolutely incredible. It also has absolutely no income, and very little avenue for actuall

by nwh 13y ago

$3.5B for an app lots of developers could create over the weekend is absolutely incredible. It also has absolutely no income, and very little avenue for actually gaining any. I don't know what they're doing to need seed money, I can only imagine that the service runs itself outside of tweaking EC2 instance sizes.

lolwutf 13y ago
Is it just me, or does this finally scream 'bubble'?
- nemothekid 13y ago
  People have been screaming bubble for years now. Facebook's IPO was a "bubble." Instagram's aquisition was a "bubble." Pinterest is a "bubble." While we all conveniently ignore that most startups today are generating real revenue and firms like a16z are massively scaling back funding to early stage consumer startups, I hardly think one "bad apple" (if it is, maybe they will come up with some crazy way to make revenue, I'm not a psychic) is a sign of a bubble.
  - LandoCalrissian 13y ago
    I largely agree with this, it seems the only area where valuations are getting really crazy are in the app market. I assume the only real plan they could have is acquisition, and even then I really only see Facebook taking that dive.
    - nwh 13y ago
      Facebook have already cloned it. https://itunes.apple.com/app/facebook-poke/id588594730 https://itunes.apple.com/app/facebook-poke/id588594730
      - tomashertus 13y ago
        and failed badly...
lmg643 13y ago
here's an idea: every "n"th image, snap an advertisement to a user. sounds like revenue potential to me.
- LandoCalrissian 13y ago
  I imagine a lot of users would just leave for the next big thing or a clone of SnapChat.
  - loceng 13y ago
    Or be like "Fuckers!" and then enjoy the next 19 real SnapChat messages/videos, etc.. and then be like "Fuckers!" ...
  - bdcravens 13y ago
    Seems to work well enough for Spotify.
harryh 13y ago
It doesn't run on EC2. It runs on Google App Engine: xyzzy:~ harryh$ host www.snapchat.com www.snapchat.com is an alias for ghs.google.com. ghs.google.com is an alias for ghs.l.google.com. ghs.l.google.com has address 74.125.29.121 ghs.l.google.com has IPv6 address 2607:f8b0:400d:c04::79

by nwh 13y ago

lolwutf 13y ago

Is it just me, or does this finally scream 'bubble'?

nemothekid 13y ago
People have been screaming bubble for years now. Facebook's IPO was a "bubble." Instagram's aquisition was a "bubble." Pinterest is a "bubble." While we all conveniently ignore that most startups today are generating real revenue and firms like a16z are massively scaling back funding to early stage consumer startups, I hardly think one "bad apple" (if it is, maybe they will come up with some crazy way to make revenue, I'm not a psychic) is a sign of a bubble.
- LandoCalrissian 13y ago
  I largely agree with this, it seems the only area where valuations are getting really crazy are in the app market. I assume the only real plan they could have is acquisition, and even then I really only see Facebook taking that dive.
  - nwh 13y ago
    Facebook have already cloned it. https://itunes.apple.com/app/facebook-poke/id588594730 https://itunes.apple.com/app/facebook-poke/id588594730
    - tomashertus 13y ago
      and failed badly...

lmg643 13y ago

here's an idea: every "n"th image, snap an advertisement to a user. sounds like revenue potential to me.

LandoCalrissian 13y ago
I imagine a lot of users would just leave for the next big thing or a clone of SnapChat.
- loceng 13y ago
  Or be like "Fuckers!" and then enjoy the next 19 real SnapChat messages/videos, etc.. and then be like "Fuckers!" ...
- bdcravens 13y ago
  Seems to work well enough for Spotify.

harryh 13y ago

It doesn't run on EC2. It runs on Google App Engine: xyzzy:~ harryh$ host www.snapchat.com www.snapchat.com is an alias for ghs.google.com. ghs.google.com is an alias for ghs.l.google.com. ghs.l.google.com has address 74.125.29.121 ghs.l.google.com has IPv6 address 2607:f8b0:400d:c04::79