Evan Spiegel
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Snap stumbles toward a volatile IPO
Slowing growth, huge losses and no shareholder control could make Snap Inc.’s IPO a perilous gamble for investors. What it does have going for it is an addicted user base, fast-growing revenues and a visionary CEO. Snap paid $114.5M to acquire Vurb and gives acquisition details for Bitstrips and Looksery
Now that Snap is revealing its financial guts to the world in its filing for its initial public offering, we’re getting a small glimpse at how much the company is paying to acquire startups. As Snap becomes a larger company and is able to amass more of a cash pile, it’ll be able to start picking off startups that can either fill out the company’s ranks with talent or add… Read More
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Snapchat international user growth slowed in the second half of 2016
Snapchat parent Snap Inc. wanted to present a growing and and highly engaged user base today in its bid to go public. But there are reasons for concern, especially when you look more closely at user growth in Europe and the rest of the world With the release of the company’s S-1 filing today, Snap revealed that at the end of 2016 the company had 158 million daily active users who… Read More
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Snap has finally filed publicly for its massive IPO
This is another incremental step in the process of going public, but it’s probably the most important because we’re finally getting our first glimpse at the financial guts of the company. Snapchat has gone from a zeitgeist-y app among a younger audience to one with more than 150 million daily users — and one with a strong pitch to advertisers based on the engagement of the… Read More
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Snapchat’s Evan Spiegel Explains Snapchat In A Dimly Lit Room
Inexplicably, Snapchat has posted a video to its official YouTube page in which CEO and cofounder Evan Spiegel describes how the app works – four years after it was founded. In it, he uses a sketchpad, a Sharpie and some secret knowledge to explain why younger demographics of users love Snapchat and to explain why the app has one of the more confusing design schemes in existence. He… Read More
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Snapchat Spam Might Make You Feel Fat, But At Least It’s Not Snapchat’s Fault
If you’re receiving messages from your friends on Snapchat that tell you how to lose weight, don’t freak out. It appears that many accounts have been hacked, though Snapchat denies that the hackers accessed users accounts through its own system. According to Twitter, users accounts have been hi-jacked and used to send weight loss spam to other accounts. There’s no word yet… Read More
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