Re:Snap’s Rise and Fall: How a Big, Splashy IPO Prompted the...
by sjg007 on Saturday November 11, 2017 @10:16PM
(#15679475)
Some of your examples are private companies so saying uber and Airbnb have a 100 billion dollar market cap is misleading. Private valuation is one thing and may be equivalent at IPO but is not a market cap and they don’t disclose revenues.
Re:Snap’s Rise and Fall: How a Big, Splashy IPO Prompted the...
by cft on Saturday November 11, 2017 @09:56PM
(#15679421)
A lot of these companies are pre-FB (or right around the same time): PayPal, Craigslist, eBay - those are much smaller than the three giants and on a slight decline curve over time. Yelp was started around FB times and growing sales are not an indicator of the actual growth.
Re:Snap’s Rise and Fall: How a Big, Splashy IPO Prompted the...
by soVeryTired on Saturday November 11, 2017 @08:10PM
(#15679130)
I don't disagree that it's possible to beat the big three, but even prior to the snap IPO, the tech market felt a bit bubbly. There will be some big losers in your list too. It's worth saving this comment for posterity.
Yelp? I don't see how that's a particularly good example. Priceline is 27 times their size in market cap.
Let's examine that withering though. Yelp sales by year:
2014: $377 million
2015: $549 million
2016: $713 million
2017: likely ~$850 million
Is that massive growth what qualifies as withering these days?
How about Zillow? Tracking to $1 billion in sales, growing very nicely still. Expedia also has a very good business, they just printed a huge quarter ($481m in operating income).
How about Uber and Airbnb? $100 billion in market cap, both fast growing businesses.
Netflix, $83 billion market cap, 100 million paying subscribers, still growing nicely.
How about Spotify? Over 60 million subscribers. Beating Apple, Amazon, Pandora and Google at streaming music.
How about Pinterest? They've just begun the process of making money with their platform. Things are looking just fine for them. Neither Facebook nor Google have been able to harm them in any meaningful way.
Since we're talking about Google and Amazon, let's switch gears into payments.
PayPal is a monster.
Stripe and Square are killing it.
How about in code, given we're talking about Google. Github? Google is a non-issue. Stackoverflow? No threats on the horizon, they have a serious, viable long-term business.
eBay and Craigslist are doing just fine. Amazon hasn't so much as dented either of them. eBay is printing $2 billion annually in net income and has an extremely healthy business. Even lowly Groupon is planning to stick around, they're doing $3b in sales and are now break-even.
Shopify is also killing it right now. $10 billion market cap, with a business that has grown by ~5 fold in four years (72% sales growth in their most recent quarter).
Then we get into dozens of other major web businesses, like LegalZoom, Coinbase, Redfin, DraftKings, GoDaddy, Shutterstock, Automattic, SoFi, Houzz, Lyft, Slack, Dropbox, Etsy, GrubHub, Credit Karma, SurveyMonkey, Reddit, Shutterfly and so on.
And that's while ignoring the vast array of major cloud businesses and enterprise companies, many of which compete with Google and Amazon (or will soon). Companies like Oracle, Microsoft, Cloudflare, Akamai, Digital Ocean and dozens more.