Snapchat reportedly buys Bitstrips for roughly $100M

Re:Snapchat reportedly buys Bitstrips for roughly $100M by dublinben on Friday March 25, 2016 @07:16PM (#11363471)

Bitstrips was nothing but a fad.[0] This is an amazing cash out for the creators.

[0] https://www.google.com/trends/explore#q=bitstrips&cmpt=q&tz=...

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Re:Snapchat reportedly buys Bitstrips for roughly $100M by berberous on Friday March 25, 2016 @07:18PM (#11363481)

Yes, but check out Bitmoji. [0] I don't know anyone that uses Bitstrips, but everyone I know uses Bitmoji. And every week they have new ones promoting the latest movies, and it's honestly the main reason I know what movies and shows are out.

[0] https://www.google.com/trends/explore#q=bitmoji

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Re:Snapchat reportedly buys Bitstrips for roughly $100M by nathanielc on Friday March 25, 2016 @07:27PM (#11363506)

Yes, but scale is important too https://www.google.com/trends/explore#q=bitmoji%2C%20bitstri...

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Re:Snapchat reportedly buys Bitstrips for roughly $100M by nly on Friday March 25, 2016 @08:54PM (#11363850)

Because the Y-axis on Google Trends is so quantifiable?

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Re:Snapchat reportedly buys Bitstrips for roughly $100M by umanwizard on Saturday March 26, 2016 @02:21AM (#11364685)

https://www.google.com/trends/explore#q=bitmoji%2C%20bitstri...

Based on your logic, since Bitmoji has over 1% the Google Trends presence of Snapchat, it is worth over 1% of Snapchat's valuation.

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Re:Snapchat reportedly buys Bitstrips for roughly $100M by umanwizard on Friday March 25, 2016 @07:50PM (#11363632)

Everyone you know uses Bitmoji? Really? I haven't even heard of it until now. What sort of people do you know?

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Re:Snapchat reportedly buys Bitstrips for roughly $100M by AznHisoka on Friday March 25, 2016 @08:06PM (#11363704)

Me neither. This is definitely not an Instagram. Not even remotely close.

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Re:Snapchat reportedly buys Bitstrips for roughly $100M by jsprogrammer on Friday March 25, 2016 @07:59PM (#11363671)

Movie and show promoters apparently.

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Re:Snapchat reportedly buys Bitstrips for roughly $100M by narrowrail on Friday March 25, 2016 @08:50PM (#11363845)

While somewhat humorous, I think you all are being a bit harsh. I'm as curmudgeonly as anyone else born in the '70s, but why begrudge a company whose age can be measured in weeks having a tremendous windfall?

It appears a young company launched with a great user experience, and great engagement metrics. They got a premium for that. The deal terms aren't public, but we know it was a mix of cash and equity (probably skewed toward equity).

Didn't the founder of SnapChat turn down a ~$15B+ offer? I think this company will be a major contender in social media.

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Re:Snapchat reportedly buys Bitstrips for roughly $100M by jsprogrammer on Saturday March 26, 2016 @01:11PM (#11366427)

I don't begrudge them. I don't even know them. I was answering the question that was asked.

Without deal terms or other public information, there's not much to talk about.

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Re:Snapchat reportedly buys Bitstrips for roughly $100M by brianwawok on Friday March 25, 2016 @08:09PM (#11363716)

I used it for 2 days and deleted. No one I know uses it. Maybe hot with the tween crowd?

Instagram makes money because it shows ads. Are people going to buy Pepsi t-shirts for their Bitmoji and make Pepsi money? I don't see the path to money.

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Re:Snapchat reportedly buys Bitstrips for roughly $100M by morganvachon on Friday March 25, 2016 @08:29PM (#11363784)

I noticed it was mostly people in my generation (mid 30s to mid 40s) who used Bitstrips during its flash in the Facebook pan a couple of years ago. As for Bitmoji, I've never seen that in use myself (in fact, never knew about it until this article) but then I don't text/chat that often outside of IRC and Hangouts.

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Re:Snapchat reportedly buys Bitstrips for roughly $100M by qq66 on Friday March 25, 2016 @08:24PM (#11363765)

Have you used Bitmoji? They have a ton of product placement and are likely making good revenue from it already.

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Re:Snapchat reportedly buys Bitstrips for roughly $100M by k-mcgrady on Saturday March 26, 2016 @08:25AM (#11365391)

>> "Instagram makes money because it shows ads. Are people going to buy Pepsi t-shirts for their Bitmoji and make Pepsi money? I don't see the path to money."

Why would Pepsi want you to pay to wear their ads on your character? They pay Bitmoji to create a shirt with 'Pepsi' on it, users wear it and send it to friends, and now they're sending your ad to eachother.

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Re:Snapchat reportedly buys Bitstrips for roughly $100M by covercash on Friday March 25, 2016 @08:45PM (#11363824)

My mom and aunts all have Bitmoji's now. They're fun alternatives to standard text/emojis, especially if the characters actually look like you.

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Re:Snapchat reportedly buys Bitstrips for roughly $100M by samdoidge on Saturday March 26, 2016 @03:52PM (#11367158)

Adding Bitstrips to the trend for comparison: https://www.google.com/trends/explore#q=bitmoji%2C%20bitstri...

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