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Re:Snap values itself at nearly $24B with its IPO pricing by notadoc on Wednesday March 01, 2017 @04:18PM (#13768485)
> "$59 million in revenue in 2015 to nearly $400 million in 2016"

Valuation at 60x 2016 revenue with no profit? Oh boy.

Aside from that, who uses Snapchat?

Re:Snap values itself at nearly $24B with its IPO pricing by muhfuhkuh on Wednesday March 01, 2017 @04:23PM (#13768555)
>who uses Snapchat?

You're kidding, right? It passed 300 million monthly users almost a year ago.

We're all tech fuddy-duddies here, still stuck on linkedin and email FWDs, we don't know nuttin' bout dat snap.

Re:Snap values itself at nearly $24B with its IPO pricing by jonknee on Wednesday March 01, 2017 @05:49PM (#13769354)
> You're kidding, right? It passed 300 million monthly users almost a year ago.

And not much more since then... Growth fell of a cliff once FB started to focus on copying their features (see Instagram Stories).

Re:Snap values itself at nearly $24B with its IPO pricing by notadoc on Wednesday March 01, 2017 @07:38PM (#13770260)
Right but aren't many kids using Instagram and other Facebook products now that they have adopted the Snapchat features? That's what I keep hearing anyway, no idea if it's reality or not.
Re:Snap values itself at nearly $24B with its IPO pricing by hdctambien on Wednesday March 01, 2017 @04:50PM (#13768788)
Every single student in the high school I teach at uses Snapchat. All day. Every day.
Re:Snap values itself at nearly $24B with its IPO pricing by TorKlingberg on Wednesday March 01, 2017 @04:59PM (#13768880)
On the other hand, high school apps tend to be fads that die out quickly. The college demographic is more sticky.
Re:Snap values itself at nearly $24B with its IPO pricing by ssully on Wednesday March 01, 2017 @05:12PM (#13769013)
I graduated college in 2015 and I would say Snapchat is just as popular amongst my friend group as when we first started using it.

When my younger family members who are in high school and college want to contact me, they always start the conversation on Snapchat.

It's all anecdotal, but I think Snapchat has been outside the fad phase for awhile now.

Re:Snap values itself at nearly $24B with its IPO pricing by smogcutter on Wednesday March 01, 2017 @07:09PM (#13770058)
But that's exactly the point: snapchat hasn't been around for very long at all. Myspace and livejournal both stuck around for a bit too, doesn't mean they weren't fads.

You may not grow out of snapchat, but the youngs are guaranteed to move on to something else. That's the way it's gone for everything else, no reason for snapchat to be any different.

Doesn't mean they can't build a business around the audience they have, but I think expecting that audience to continue to grow significantly over the long term is a mistake.

Re:Snap values itself at nearly $24B with its IPO pricing by idiot_stick on Wednesday March 01, 2017 @05:42PM (#13769289)
>Every single student in the high school I teach at uses Snapchat. All day. Every day.

Are high-school students a lucrative market (and I'm not talking the mobile ad ponzi)? I was pretty poor at that age.

Re:Snap values itself at nearly $24B with its IPO pricing by nradov on Wednesday March 01, 2017 @07:17PM (#13770133)
High school students have a lot of influence on what their parents spend on them for certain things like consumer electronics, restaurants, family vacations, clothes, etc. "Mom please buy me an Xbox for Christmas!"
Re:Snap values itself at nearly $24B with its IPO pricing by ajmurmann on Wednesday March 01, 2017 @05:58PM (#13769438)
They grow up really quick. That's actually really nice for an investment, since you are literally betting on the future.
Re:Snap values itself at nearly $24B with its IPO pricing by jacques_chester on Thursday March 02, 2017 @07:19AM (#13773518)
It's accepted marketing lore that if you get brand loyalty during teenage years, it will probably stick for life.

There's a reason Coke and Pepsi are so aggressive at advertising to that demographic.

Re:Snap values itself at nearly $24B with its IPO pricing by theklub on Wednesday March 01, 2017 @05:41PM (#13769278)
When I was in high school we all used AIM
Re:Snap values itself at nearly $24B with its IPO pricing by Keyframe on Wednesday March 01, 2017 @05:50PM (#13769365)
We passed hand-written notes
Re:Snap values itself at nearly $24B with its IPO pricing by mosdave on Wednesday March 01, 2017 @08:05PM (#13770447)
We did both.
Re:Snap values itself at nearly $24B with its IPO pricing by notadoc on Wednesday March 01, 2017 @07:43PM (#13770290)
Do you let your students use cell phones in class?
Re:Snap values itself at nearly $24B with its IPO pricing by _RPM on Wednesday March 01, 2017 @04:53PM (#13768817)
I just deleted it from my phone. Only reason I installed it was because a girl I was seeing wanted me to.
Re:Snap values itself at nearly $24B with its IPO pricing by notadoc on Wednesday March 01, 2017 @07:41PM (#13770272)
I find this funny because that exact reason applies to multiple people I know as well.
Re:Snap values itself at nearly $24B with its IPO pricing by systematical on Thursday March 02, 2017 @03:05AM (#13772453)
Ditto. Except I haven't deleted it, but will probably be the first to go when I need space. I have no need for pictures that disappear.
Re:Snap values itself at nearly $24B with its IPO pricing by mcast on Wednesday March 01, 2017 @05:13PM (#13769028)
Snapchat is immensely more popular than Facebook for anyone under 25. They change and iterate their UI/UX quite often to confuse (keep away) adults from using it and "ruining" it for the younger audience.
Re:Snap values itself at nearly $24B with its IPO pricing by millettjon on Wednesday March 01, 2017 @06:56PM (#13769960)
Does anyone have a by country breakdown of snapchat users and growth? In Chile in my kids circle of friends, they used it a bit last year but have all deleted it now in favor of musically. Everyone here (kids and adults) also have whatsapp and I think the value of snapchat is even further diminished now that whatsapp is starting to clone some of the features.
Re:Snap values itself at nearly $24B with its IPO pricing by notadoc on Wednesday March 01, 2017 @07:42PM (#13770278)
I could see that, I thought Instagram and WhatsApp were popular with kids though.
Re:Snap values itself at nearly $24B with its IPO pricing by gpawl on Thursday March 02, 2017 @12:36AM (#13771709)
that's so weird -- how could an adult intrude into a kid's snapchat conversation with other kids?
Re:Snap values itself at nearly $24B with its IPO pricing by sand500 on Thursday March 02, 2017 @10:53AM (#13774932)
If you post something to your story and that might be OK if only people your age see it but you wouldn't your parents to see it.

Just like how people use Facebook before all their parents joined too.

Re:Snap values itself at nearly $24B with its IPO pricing by GavinMcG on Wednesday March 01, 2017 @04:21PM (#13768524)
People under 25.
Re:Snap values itself at nearly $24B with its IPO pricing by andorov on Wednesday March 01, 2017 @05:10PM (#13768993)
The oldest demographic age target for their advertising is 35+
Re:Snap values itself at nearly $24B with its IPO pricing by ovulator on Wednesday March 01, 2017 @07:50PM (#13770339)
My 4 1/2 old used to love it, but I think she has started to outgrow it.
Re:Snap values itself at nearly $24B with its IPO pricing by DanBC on Wednesday March 01, 2017 @04:25PM (#13768572)
>> who uses Snapchat?

This doctor: http://www.bbc.co.uk/news/technology-38314539

> UK teaching surgeon Dr Shafi Ahmed has "livestreamed" an operation using Snapchat spectacles, which are sunglasses with a small camera integrated, allowing the wearer to record what they are seeing.

(I think he had the @NHS twitter account for this week (27th March through to 5th April)

Re:Snap values itself at nearly $24B with its IPO pricing by notadoc on Wednesday March 01, 2017 @07:40PM (#13770270)
I recall similar behavior with Google Glass, I think medicine remains one of the better immediate use cases of face cameras/wearables.
Re:Snap values itself at nearly $24B with its IPO pricing by trevyn on Wednesday March 01, 2017 @06:32PM (#13769743)
Hah, he kept the dark sunglass lenses in, too.