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A comment on Snapchat raised $1.8B in a Series F round. Parent comment

Re:Snapchat raised $1.8B in a Series F round by qq66 on Thursday May 26, 2016 @05:36PM (#11781852)
> If snapchat shutdown tomorrow would anyone actually care, or would they immediately shift to the next best platform?

You can say this about a lot of great companies. Toyota shuts down tomorrow, I buy a Honda instead. Sure, I wanted the Toyota, but I'm not going to lose any sleep over it. UPS shuts down tomorrow, I use FedEx. Apple shuts down, I use Android. Starbucks shuts down, I go to Peet's.

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Re:Snapchat raised $1.8B in a Series F round by gjolund on Thursday May 26, 2016 @06:03PM (#11782044)
Those companies employ hundreds of thousands of people and entire supply chains.

Snapchat employ's next to no one in comparison and is worth more than entire industries.

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Re:Snapchat raised $1.8B in a Series F round by canttestthis on Thursday May 26, 2016 @06:18PM (#11782141)
You're good at moving the goalposts in a debate.
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Re:Snapchat raised $1.8B in a Series F round by gjolund on Thursday May 26, 2016 @07:14PM (#11782461)
If you have something to contribute I would like to hear it.
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Re:Snapchat raised $1.8B in a Series F round by argonaut on Thursday May 26, 2016 @07:01PM (#11782387)
Yep. That's why they're actually even worse off. All else equal, the more employees a company employs, the worse of an investment it is, because costs are greater.
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Re:Snapchat raised $1.8B in a Series F round by gjolund on Thursday May 26, 2016 @07:13PM (#11782455)
As a business they might be less profitable, but as a society we benefit more from their existence.
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Re:Snapchat raised $1.8B in a Series F round by argonaut on Thursday May 26, 2016 @09:11PM (#11783164)
Now you're just moving the goalposts. VCs are out to maximize profit. If startups were funded by the government you would have a basis for complaining about how societal benefit is not being maximized.
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