cnbc.com
>HAVE AN APP THAT PROVIDES UNLIMITED VIDEO STREAMING FOR FREE
>IMPOSSIBLE TO ADVERTISE ON BECAUSE THE ENTIRE POINT OF THE APP IS THAT ITS LIGHTWEIGHT AND FAST AND YOU CAN SEND/RECEIVE MESSAGES INSTANTLY
>GOING PUBLIC BEFORE YOU ESTABLISH A SOLID REVENUE STREAM
PPFFFFFFFAAHAHAHAHAHAHAHAHAHAA FUCK YOU SNAPCHAT
$2,200,000,000 LOSS IN A SINGLE QUARTER
25% DROP IN SHARES PRICE AFTER HOURS TODAY
OH MY GOD AHAHAHAHAHA PRAY FOR MY SIDES, ANONS
Good. I hate that cancer.
Good, Snap Chat is constantly shilling bullshit articles now and I despise it.
Does this mean it will go away now?
nooooooo how will I get my porn actresses updates and behind the scene shots now?!?!
Introducing Google Snap!
We bought Snapchat so now it's ours - as are all your pictures and nudes. We will sell them to God knows who because fuck you that's why. And it's free!
that's a normal dip in the stock market for a single stock you fucking idiot
Stop watching porn
Most analysts predicted the imminent downfall of snapchat
>25%
>"normal dip in a stock"
LOOOOOOOOOOOOOOOOOOOOOOOL omfg you are retarded
Good riddance, hate this normie scum app.
this, jews at google will do this
Their market value is still high. Just like Tesla's and all the other didndu stuffs.
it was a joke, but i suppose you can't read sarcasm my bad
...
this
I don't even understand the point of this program. The pictures and stuff expire after a minute or something? Why?
Mfw my phone didn't have battery and I got home at 21:58. Ran to the computer and only manage to get in with $25 before the close.
I need a new phone, fucking retarded shit..
What's next for normies after snapchat?
I'm kinda looking forward to the ridiculously inflated tech bubble bursting so everyone can get back to acknowledging the economy is fundamentally in a bad state and the recovery didn't happen to anywhere near the degree that they had claimed.
99% if these tech startups are over hyped bullshit anyway. If their only "product" is being a novelty to tweens and they haven't figured out how to monetize in a clearly articulated way, they are nothing but money sinks.
Buy the dip
It's for the somewhat tech literate to trick women into sending nudes. Everyone else is using it wrong.
Are you retarded?
I have no idea what's going on
thank god. i just installed it to see what the hype is about. it's a left wing heaven. i swear to god i can't even subscribe to right wing feeds and it comes pre installed with left wing news that you can't even delete or block
fuck snapchat
It started out as being able to send pictures "in the moment" to friends as messages without having to worry about looking good or setting up a nice picture. The pictures have a countdown and can't be saved (well without third party tweaks) and if screenshotted it'll notify the sender. Then eventually it became a big bloated mess of shill news and normies. You aren't missing out.
But you just screenshot the phone.
It got BTFO by Instagram Stories.
shouldnt have installed that battery hog snapchat
It's been that low way before earnings. It'll bounce back to the 20's. Now it will be good time to buy to swing trade in a couple of weeks. But yeah, snap was way overhyped and will never be the next facebook since they can't find a way to actually make money aside from their intrusive ads aimed at teenagers with no money.
But dude, didn't you hear Tesla's gonna go to Mars and Uber will have flying cars? Why would they promise these outrageous things if it was just a bubble?
Pretty much. They tried to say the value of the company is the camera and it's user base. They have no revenue model, and were probably hoping the raise funds to say they are "worth" x amount to get a buy out at a larger price then what was offered before. But they shot themselves in the foot.
But, no, apps, social media sites and qualitative easing produce much of value and are the backbone of a robust ecomony!
$SNAP bagholder detected
Snapchat mystories are a lot more fun to check than kikebook and jewstagram
I don't get it. How could they fuck up this badly?
Are you saying that the company that came up with this brilliant invention is failing?
>Spiegel got 272 million in cash for a meme that probably never will make money
>shot himself in the foot
what phone?
>
THE ENTIRE POINT OF THE APP IS THAT ITS LIGHTWEIGHT AND FAST AND YOU CAN SEND/RECEIVE MESSAGES INSTANTLY
lmao if only it was lightweight and fast
OP here
I actually like to use snapchat, its the easiest way to talk to my friends with pictures and post pics of my dog for everyone to see
BUT i hate startup culture, and I hate people worshiping companies that lose TONS of money.
Nobody uses Instagram stories, its so much slower than snapchat.
Again I repeat, the only draw of snapchat is that it is lightning fast compared to any other form of communication, like this:
>see a cute dog
>text "OH MY GOD YOU SHOULD SEE THIS DOG ITS THE CUTEST THING ITS BROWN AND SMALL AND..."
vs.
>see a cute dog
>take a pic and send it in 2 seconds flat with a caption over it
SPIEGEL: "Have you enjoy when people copy your products, it means your successful"
The CEO says it's cool, buy the dip
>Why would they promise these outrageous things if it was just a bubble?
>MerchantElon.jpg
If we play this right the entire economy can be pre-revenue and then we can sell the whole thing to China for big money. The whole country will be retired by 30.
It notifies the other person if you take a screenshot, unless you root your phone and put in hax
Yea pendulum is swinging away from fb/ Twitter type of social media bull shit
>Make some shit fad social app for school children which has no real way to make money
>People actually bought this stock
Thank Kek for this i fucking hate it when people in a bus use this retarded app
>how could they fuck this up
It's literally a free video hosting and video streaming app(read: TONS of bandwidth) that can't really sell advertisement, because advertising slows down the experience, and snapchat is only popular because of how fast it is, with 0 waiting at all.
So, you hemorrhage money, and can't sell really sell much advertisement.
When they find a CEO who can monetize the app without degrading the experience with annoying ads(thus losing the userbase), he could probably be the highest paid CEO in the world
Isn't that what Realtors in Canada are doing?
only 2/3rds retarded, not a bad model of decision making if you look at the company and context.
It is on iPhone
Android version is shit, but still lightyears ahead of any alternative
Yes. They're gonna beat us to market if we don't hurry.
Whores enjoy it when you screenshot their nudes
t. every whore i've ever screenshotted nudes from
Go easy on him. That faggot probably trades bitcoins - drops of 25% are quite normal in that market.
The Democrats would commit suicide or try and blame it on Trump.
...
It's not funny, asshole. I lost 12000 USD today.
never gonna happen unless they manage to incorporate the ads within the experience which no one would want
Fucking this.
Want to see these cunts crash and burn.
>it notifies the other person
COUGH HARDCODED UNIVERSAL ENCRYPTION KEY, THE EXACT SAME ONE, IN EVERY COPY OF THE APP COUGH
>He bought into a useless fad app company because he thought it would be the next Facebook
You deserved to lose every penny dumb fuck.
look everyone - it's warren buffet!
Someone will one day find a profit model for an internet-based business that isn't based on advertisement or subscription
someone i knew bought this shit at IPO. i was like babe, sell it your down its never going back up, its worth 8 dollars because its an idea that a real company will buy and ad to their offerings.
social media as a whole is a cancer, it ruins social environments because people look at it instead of interacting. its why VR will be the absolute cancer of marriage thus driving divorce even higher.
currently at 17.56 i expect 16.88 b4 after hours closes. best of luck you retarded melenials that bought this shit, sincerly futuresbro
>investing in a company with no intrinsic value
>"go easy on me"
Stop speculating based on feels and we won't have to go easy on you
>12000 USD
is that what merkel is handing out to ahmed for raping now?
> nice gig, camel tard
Hahaha. But in all seriousness we can't allow him to get the Snap codes.
how would you get the money out of people, you need their consent in the subscription form, or advertisement money
>>take a pic and send it in 2 seconds flat
You can do this on any decent smart phone with a camera app lol...
I was seeing a lot of places have "Snapchat this and you'll get whatever prize thing" promotions, but I guess they weren't getting enough from those ad campaigns. Couldn't they have hooked themselves in with other big companies for people to spread advertising, or gotten people to pay for upgrades? I think if they had done it early enough, people would have been used to small advertisements but it's too late to shove it in now.
SNAP
CRACKLE
POP
I don't know, I'm a comp sci major, creating new business models is not in my job description
But, it will be done one day, businesses have to evolve
>Twitter
Almost no revenue stream from users
>Snapchat
Almost no revenue stream from users
>Instagram
Almost no revenue stream from users
>Tinder
Almost no revenue stream from users
>Facebook
Slightly more revenue stream from users
These social tech companies are functionally worthless. Anyone with half a brain has adblock installed the second they get Chrome.
The only "tech" companies that make real money anymore are Google, Amazon, Samsung, Apple and Tesla. And two out of those five are going into space so they can live off huge Gov't contracts.
>A company losing 25% of its value overnight is normal.
Um user....
snapchat is so fucking shit
Not my economy fag
do I buy into it now?
This, expect:
>Hello user, our team at Google works really hard to protect the information you value most. Unfortunately, keeping such info secure is not easy.
We have several explicit images of you with your former partner. It would be such a shame if there was a, accidental, leak tomorrow and this sensitive information were gmailed to your employer, current or future partners, family members or friends.
For a small fee of 100$ a month, however, we can employ strategic initiatives to keep your information safe.
Yeah but who would push to fuck up Snapchat? As another user said, they're full of lefty bullshit and just another great way to keep the sheep distracted.
facebook is worth 433B
one of the largest comanies on earth
at least that is what it is worth right now
id say its much closer to 50B or 100B
but thats just me
Tech stocks are often ponzi schemes
Snap should rocket back up to at least 20, so buying at 17 makes sense if you are going to make some quick bucks.
Facebook makes money though. Also you could add AirBnB and Uber to your list.
also tesla doesnt make money
It's really not that uncommon.
Nork cyber attack cripple the industrial might of snapchat and faceberg, what followed was complete US surrender to the communists.
It's not like the board at Snapchat is exactly crying themselves because they played of bunch of overly speculative day traders.
They learned from Twitter's mistake and when public when the hype was high.
Now just to wait for the multi million dollar buyout from Microsoft and onto the next thing
buying stock in a company that doesn't make a single penny
really makes you think.
You forgot the /s at the end.
Do a dcf of Snapchat.
Even with incredibly optimistic assumptions, inputs, and growth rates snap is still fair valued below 0.
cunt they lost 2.2 billion dollars
They had a $2 billion dollar loss for the quarter...
and then you will be stuck with zuckerfag
Wow thanks for the laugh
>Facebook
>Worthless
What the fuck? Have you even read the past like.. 5 earnings reports?
Maybe for garbage meme stocks
Who in sam's hell valued snap chat over a billion dollars
it's a fucking disappearing photo app
Except that FB had a much more solid business plan (targeted ads). And it's still way overvalued.
Snapchat is just hype, they won't be able to do shit with their user base and that is frankly all they have.
Underrated