Their "Chief Strategy Officer" Imran Khan: $100M+
CEO Evan Spiegel": $637M+ (3rd highest CEO payout ever)
I'm surprised there hasn't been an investor lawsuit/class action yet. The whole thing seems like a massive pump and dump scam.
What's interesting is that these execs, including the founder/CEO got renegotiated packages just before the IPO.
investors should've done their own due diligence on that, what i believe is more likely is that snapchat misrepresented its user numbers pre IPO as alleged by a fired employee in 2015
investors wouldn't have cared if the stock went up, but it went down so they need to find an actual tangible way that snapchat lied to them to recoup any money from a bad bet
Also, will somebody please make a simple private picture app for grown-ups? I'd love to be able to share stuff with my sig other/parents/grandparents - and that's it. I can't recommend SnapChat in the state it's in now.
If it didn't feel like Apple was playing catch up with Google Photos, I might've used iCloud more. Also, I hit that 5 Gb threshold very early on.
Perhaps Google will quietly sunset their Photos product in the next fiscal year...
The primary appeal of snapchat is we can very easily send disposable ugly unfiltered often funny vids/images to groups of people. Where as Instagram is more of a social media and is just used for casual content consumption onl
I just wish it was cross platform. Seems like a good way to creep people into the Apple ecosystem.
As others have mentioned, Google Photos works pretty well, even on iOS, but I have zero trust that Google will commit to it for more than a year or radically change the functionality.
WhatsApp? That's how my family uses it.
> Snap is currently finalizing its Q4 2018 results and says it expects to report revenue and adjusted EBITDA results “that are slightly favorable to the top end of our previously reported quarterly guidance ranges for each.”
Glad I bailed on some SNAP interviews a few months back.
Yes, servers cost money, but locking in that cost doesn't make sense to me, because it makes it very hard to reduce costs, even if you invest developers in efficiency.
My GF also uses a private Instagram account for this, but that's even less private than a Google service.
They would literally have a more profitable business selling dollar bills for a quarter.
Have you ever confronted her about that? Such behavior would be hard for me to tolerate, especially if it meant money out the window.
Maybe this is the time to buy low and make it big (when everyone is doubting them). It'll be interesting to see.
They've been operating for over 7 years and have yet to turn a single quarterly profit. With negative growth the past two quarters it's looking increasingly unlikely they'll ever be profitable.
In Snap’s case, the news is backed by quarterly results and actual facts.
Snapchat seems obsessed with those snap glasses too. They were a failure on the first release and they still seem to be pushing it to this day as a big part of their strategy. I don’t think consumers are ready to commit to a wearable like that, at least not yet.
Oh I forgot about adding weird furry ears to photos for some reason.
Still bad news for Snap confidence, of course
edit: didn't make it 1 year, whoops hope they got the golden parachute negotiated in
Lasted 8 months at Snap, 20 years at Amazon. Something is clearly wrong with Snap, and it's their CEO.
At a certain point you gotta start blaming the guy at the top.