SNAP conference call

Anyone else tune in to the Q&A from Snaps earnings call tonight? I'm not sure if Rich Greenfield deliberately tried to embarrass Spiegel, but the comment was extremely deserved. I honestly had a hard time following Evan during every comment he participated in.

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My opinion is, and has always been, that snap as a platform is woefully unfit for classic commercialization. It's quite obvious that snap doesn't want to bog down their users with ads every x message, because truth to be told, that would send users away in droves. If you've ever tried apps like badoo, you know what a shitty experience that is.

People have always said "But, but, look at Facebook! They're banking in on ads" Yes, but that's because their platform is very ad-friendly. The ads don't take up 100% of your screen. They're always there, but they're in the background. Whatever you see on apps like snap, takes up everything.

While I use snap daily, it's just not very ad-friendly. And unfortunately it followed the classic "Oh, we'll just find a way to commercialize when we have millions and millions of users. No problem" startup route. A shining example of how mickey mouse-valuations work.

 

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