Snapchat Is Preparing to IPO at a $25 Billion Valuation: Report

[TwiceOver]

I don't get it either, but that's because I'm not 15. Billions is the new millions, things are 'worth' what someone will pay for it.

 

[KeithTalent]

I always thought this was just the dick pics app. Can get a lot of dick with $25B!!

KT

 

[FerrelGeek]

Lalalalal Llalalalaa no you can't. Llalalalala. No way. My dick pics would be all over the net if that were true.

Need better zoom apps for that to happen

 

[FerrelGeek]

It's fed by the egocentric, selfie-crazed millennials.

what does snapchat do that makes money?

 

[BrokenVisage]

Hope it opens lower than Mutiny did.

 

[Anubis]

It boggles my mind that such simple apps not only get that popular, but are somehow worth this much.

Reminds me when FB bought some app I never even heard of, whatsapp I think? For like what, 2 billion? Just insane the amount of money that gets thrown around now days between companies.

Also makes me realize I need to get off my ass and learn mobile development and generally code more, apparently even simple stuff is worth billions now. Of course you have to get lucky that your app makes it. But does not hurt to try. Even if something sells for a few mil your set for life.

FB bought whatsapp for 19 billion

 

[SearchMaster]

Facebook got valuable when it stopped being a teen/college app and became an adult app - the ones with money. Snapchat is still a young person's app - as a geezer, I don't understand the appeal honestly. My teenager will sit on the couch and send 100 pictures in an hour or two - I'm thinking "how many fucking ways can you pose for a stupid picture just to send a worthless message?"

Oh well, good for them. As long as these valuations keep coming, people will keep innovating new apps and technologies.

 

[Homerboy]

Facebook got valuable when it stopped being a teen/college app and became an adult app - the ones with money. Snapchat is still a young person's app - as a geezer, I don't understand the appeal honestly. My teenager will sit on the couch and send 100 pictures in an hour or two - I'm thinking "how many fucking ways can you pose for a stupid picture just to send a worthless message?"

Oh well, good for them. As long as these valuations keep coming, people will keep innovating new apps and technologies.

This is a good point. Facebook became a billion dollar idea once it drew in adults. As a geezer, I use FB and even instagram (though the overlaps are obvious). But the concept of SnapChat makes no sense to me as an adult with (some) amount of money. I can't share ideas, or run/advertise my small business off of it, or whatever the hell I actually "use" FB for. And I like the "historical" aspect of things like FB and IG. I LIKE looking back at "important" posts I've made in the past. There's no money looking at SnapChat.

 

[purbeast0]

This is a good point. Facebook became a billion dollar idea once it drew in adults. As a geezer, I use FB and even instagram (though the overlaps are obvious). But the concept of SnapChat makes no sense to me as an adult with (some) amount of money. I can't share ideas, or run/advertise my small business off of it, or whatever the hell I actually "use" FB for. And I like the "historical" aspect of things like FB and IG. I LIKE looking back at "important" posts I've made in the past. There's no money looking at SnapChat.

Facebook got valuable when it stopped being a teen/college app because that grew the userbase by like 10x. I believe it had to do more with that than the fact that the new people have money. There are a lot more "adults" (as in, people over 22 years old) than there are in teenagers and college students.

The 100 million users data is what is valuable. They have all of this data bout what these people do, where they are, what they like to do, etc. That data is valuable as shit in todays world and that is why it's valuable. Plus all of those college students now are going to be the "adults with money" in 4+ years.

 

[Homerboy]

Facebook got valuable when it stopped being a teen/college app because that grew the userbase by like 10x. I believe it had to do more with that than the fact that the new people have money. There are a lot more "adults" (as in, people over 22 years old) than there are in teenagers and college students.

The 100 million users data is what is valuable. They have all of this data bout what these people do, where they are, what they like to do, etc. That data is valuable as shit in todays world and that is why it's valuable. Plus all of those college students now are going to be the "adults with money" in 4+ years.

The number of eyeballs obviously matters. The number of QUALITY, PAYING eyeballs matters even more.
If I told you I could put your app in front of 1,000,000 9 year olds or 250,000 middle aged adults with discretionary income, which would you prefer.
100,000,000 users data is (practically) useless if the data is "I'm on my couch taking pictures of myself to send to the boy I think like-likes me"

 

[purbeast0]

The number of eyeballs obviously matters. The number of QUALITY, PAYING eyeballs matters even more.
If I told you I could put your app in front of 1,000,000 9 year olds or 250,000 middle aged adults with discretionary income, which would you prefer.
100,000,000 users data is (practically) useless if the data is "I'm on my couch taking pictures of myself to send to the boy I think like-likes me"

Yeah but that's not the same comparison. 9 year olds aren't in college about to graduate and start their career which will be earning them a ton of money.

If you asked me if I'd rather my app go infront of 100,000,000 college students vs 250,000 middle aged adults with discretionary income, I'd sure as shit tell you to put it infront of the college students.

Anything that becomes popular/cool with college students WILL become popular/cool with adults. Because most people who are out of college always wish they were younger again and want to be cool, and those college students are soon out of college joining the adult world.

 

[dainthomas]

I just don't understand why I'd want a gimped messaging app that has no conversation history. I think it used to be for pervs until they figured out you can just screenshot creepy messages. No idea what it's good for.

But as an adult with discretionary income, I guess I'm not the target demographic.

 

[z1ggy]

An app made purely for dick pics, now worth $25B. Hmmmm , what ridiculous shit can I think up tonight that might turn into this insanity...

 

[Imp]

This is a good point. Facebook became a billion dollar idea once it drew in adults. As a geezer, I use FB and even instagram (though the overlaps are obvious). But the concept of SnapChat makes no sense to me as an adult with (some) amount of money. I can't share ideas, or run/advertise my small business off of it, or whatever the hell I actually "use" FB for. And I like the "historical" aspect of things like FB and IG. I LIKE looking back at "important" posts I've made in the past. There's no money looking at SnapChat.

From what I've seen, celebrities have started using SnapChat and not for dick pics. They make stupid videos using the various video effects, face morph, graphic overlay things, then share them on SnapChat or post them to Instagram.

Porn stars also, allegedly, use SnapChat to share porn.

 

[Mike64]

this sounds real dumb.

Are you suggesting that no one's ever made a shitload of money on a "dumb idea"? This is America, where the streets are practically paved with dumb ideas... er, I mean "gold".

Those who don't see the value in Snapchat, the value is in it's userbase. I think it's like 100 million people that use it monthly. That's a lot of info to sell and a lot of people to advertise to.

^ This

 

[Red Squirrel]

FB bought whatsapp for 19 billion

Yeah that's the one, and holy crap 19bil, that's more than Minecraft. I still don't even know what the hell whatsapp is without googling it nor have I even seen anything to do with it anywhere. At least Minecraft is more commonly known.

I guess it just comes to show you can come up with some slightly different way to do something and get lucky that it catches on by a certain crowd.

 

[Mai72]

My thoughts...

You guys are forgetting that technology ages up. So, if an app like Snapchat starts appealing with college kids in 3-5 years it will start to appeal to many middle aged users as well. Also, those college kids in 5 years are now young adults. If they've invested their time into Snapchat it's going to pay off when they age and are able to spend money.

 

[purbeast0]

Yeah that's the one, and holy crap 19bil, that's more than Minecraft. I still don't even know what the hell whatsapp is without googling it nor have I even seen anything to do with it anywhere. At least Minecraft is more commonly known.

I guess it just comes to show you can come up with some slightly different way to do something and get lucky that it catches on by a certain crowd.

WhatsApp is HUGE over in Europe. They use it more than SMS over there.

 

[Mike64]

My thoughts...

You guys are forgetting that technology ages up. So, if an app like Snapchat starts appealing with college kids in 3-5 years it will start to appeal to many middle aged users as well. Also, those college kids in 5 years are now young adults. If they've invested their time into Snapchat it's going to pay off when they age and are able to spend money.

Well, some technology ages up - Facebook is certainly a textbook example of that, and maybe even Twitter (though to a lesser extent). But Snapchat, I think not so much. (Unless of course your name is Anthony, ahem, Weiner....)

 

[purbeast0]

Well, some technology ages up - Facebook is certainly a textbook example of that, and maybe even Twitter (though to a lesser extent). But Snapchat, I think not so much. (Unless of course your name is Anthony, ahem, Weiner....)

Snapchat has definitely aged up. They are adapting to the market too they didn't just keep the app the same thing as it was when it came out. I personally see a lot more peers/friends using Snapchat now than I did a year ago.

 

[Zstream]

Yeah that's the one, and holy crap 19bil, that's more than Minecraft. I still don't even know what the hell whatsapp is without googling it nor have I even seen anything to do with it anywhere. At least Minecraft is more commonly known.

I guess it just comes to show you can come up with some slightly different way to do something and get lucky that it catches on by a certain crowd.

It's really about a viral grab. There are literally dozens of marketing firms that specialize in that. They typically pay a celeb or two to post a video and it gets shared like crazy.

 

[Mike64]

Snapchat has definitely aged up. They are adapting to the market too they didn't just keep the app the same thing as I personally see a lot more peers/friends using Snapchat now than I did a year ago.

How old are you and your peers? One year isn't very long as far as "aging" of social media is concerned. I just don't see thirty-something let alone middle-aged people spending a lot of time, or even being strongly inclined to, sending random-ish, disappearing pics or videos to each other... I guess it could go the way of Twitter, as Yet Another largely marketing venue, but still...

 

[purbeast0]

How old are you and your peers? One year isn't very long as far as "aging" of social media is concerned. I just don't see thirty-something let alone middle-aged people spending a lot of time, or even being strongly inclined to, sending random-ish, disappearing pics or videos to each other... I guess it go the way of Twitter, as Yet Another largely marketing venue, but still...

Mid 30's here, and it's something I've seen people around my age start using within the past year or so.

 

[zinfamous]

what does snapchat do that makes money?

that whole thing about your compromising photos and data being erased forever from their servers and other devices?

yeah, that ain't true.

You have to imagine what would be the value of the world's largest data store of blackmail material.

 

[Mike64]

Mid 30's here, and it's something I've seen people around my age start using within the past year or so.

What on Earth are thirty-somethings sending each other disposable pics and videos of? The latest "cute" thing their little kids just did?? Their most recent home decor acquisitions? ??