I have a secret love affair with Snapchat. Always have, my Snapchat memories go back 8yrs! I remember when I thought Evan was crazy for not selling. I think he got an offer for $3B from Zuckerberg? But I’ve never used it to scroll. It’s always just been to send stupid stuff to friends/fam. My nieces use - next gen - but they don’t scroll either; it’s all TikTok for them. So yeah … I can see how monetizing is a challenge for them but perhaps I’m not a typical user? I just find their other content very click-baity
I’ve never used it because it's not very popular in Europe, but I’m a huge fan of Evan Spiegel. They invented the Stories format, which is now a standard feature in almost every social media app.
Unfortunately for them, they’re competing in a wild market.
It's crazy, though, that even though they're making lots of money, their value is still dropping so much.
I have a secret love affair with Snapchat. Always have, my Snapchat memories go back 8yrs! I remember when I thought Evan was crazy for not selling. I think he got an offer for $3B from Zuckerberg? But I’ve never used it to scroll. It’s always just been to send stupid stuff to friends/fam. My nieces use - next gen - but they don’t scroll either; it’s all TikTok for them. So yeah … I can see how monetizing is a challenge for them but perhaps I’m not a typical user? I just find their other content very click-baity
I’ve never used it because it's not very popular in Europe, but I’m a huge fan of Evan Spiegel. They invented the Stories format, which is now a standard feature in almost every social media app.
Unfortunately for them, they’re competing in a wild market.
It's crazy, though, that even though they're making lots of money, their value is still dropping so much.
Stock value is all about future earnings 💀