1010Computers Staging

Evan Spiegel

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What is Snapchat, now that Story sharing has stopped growing?

Published January 10, 2018

 In a betrayal of loyalty signaling poor morale, a massive dump of Snapchat’s usage stats has leaked. The most worrisome is that the number of users posting Stories has shown zero growth, an even worse performance than Snapchat’s total user growth that was sluggish this year. It appears Instagram’s Stories clone has stopped Snapchat’s most monetizable feature dead in… Read More

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Snapchat’s epic strategy flip-flop

Published November 13, 2017

 It takes courage to say you were wrong about almost everything. But that’s what Snap Inc. CEO Evan Spiegel did this week, and that’s what it will take to save Snapchat. From algorithmic feeds to partnerships to target markets to recruiting adults, Snap is planning a 180-degree turn across the board. Read More

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Ex-TechCruncher Billy Gallagher announces book on Snapchat’s origin

Published October 10, 2017

 “So much of it is stranger than fiction. It’s a great story, I knew that if I didn’t write the book, someone else would and I’d regret it,” says Billy Gallagher, author of “How to Turn Down a Billion Dollars: The Snapchat Story.” The book follows CEO Evan Spiegel from the Stanford dorms where Snap was invented, to rejecting Facebook’s… Read More

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Google reportedly offered $30 billion to acquire Snapchat

Published August 3, 2017

 Nerdy Google has failed at social time and time again, so it considered buying teen sensation Snapchat. According to reports, the search giant held informal talks with Snap and floated an offer of $30 billion in 2016 before Snap’s last funding round, and just before its IPO this year. That offer was apparently an open secret inside Snap, and was on the table after the IPO, too. Read More

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Snap values itself at nearly $24B with its IPO pricing

Published March 1, 2017

snap spectacles Snap has given a final price for its IPO, setting the company’s valuation at nearly $24 billion with a price of $17 per share, according to a report by The Wall Street Journal. With that, it looks like Wall Street had plenty of appetite for Snap despite multiple major concerns about the company’s business. Slowing user growth, rising burn and a dependence on Google and Amazon for… Read More

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Five burning questions that Snap’s IPO is about to answer

Published March 1, 2017

American flags fly above a Snapchat sign displayed outside of the New York Stock Exchange (NYSE) stands in New York, U.S., on Friday, Oct. 21, 2016. U.S. stocks trimmed losses as deal activity boosted consumer stocks and Microsoft Corp. rose toward a record, offsetting losses spurred by concerns a stronger dollar will damp corporate earnings. Photographer: Michael Nagle/Bloomberg via Getty Images Snap will begin publicly trading tomorrow, which means that it will officially give a price for its shares in its initial public offering this evening. Originally setting a range between $14 and $16, the company set its own valuation lower than what tech observers might have expected, given the hype of the first big tech IPO of 2017. Read More

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Why Snap would lowball its IPO valuation

Published February 16, 2017

recode - snapchat - evan spiegel The short answer for why Snap lowballed its initial valuation for its initial public offering is that it probably won’t be that low for long. Normally these prices are set by expectations the underwriters and executives can divine from their conversations with Wall Street. It’s essentially a matching game — how does Snap and its underwriters figure out where to price the… Read More

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