Last quote about Snapchat
All quotes about Snapchat
Although other social messaging platforms enjoy a much higher user base, we believe Snapchat has a cachet with millennials that will be difficult for other platforms to garner.
It's really not a competitor to Snapchat – which I originally thought when I read about it – because they don't have an actual network. That piece of it is pretty set in stone – that they're still learning about how they can influence AR. If you really dig into this Clips, it's more about them working with filters and augmented reality. That's more of an indication where Apple's going longer term – that caught my attention.
Longer term, the significance of augmented reality for Apple is having a place at the table in the future of computing, which will shift to AR. Separately is building their services business. What they want to do is have app developers create these wicked great experiences that they can take 30 percent from.
There is substantial execution risk, but we're prepared to give the benefit of the doubt at this stage.
This is going to be a [complete] TV, mobile, video experience. We recognize we are potentially giving too much credit for unproven skills in building a business, rather than just a product, but we see more to Snap than many suggest. Where's the innovation coming from? It's coming from Snap.
While everyone has a favorite flavor or color of Starburst, pink has always risen to the top for our fans. From memes about relationships to sharing photos of excitement when getting a pink Starburst, over half of all references to Starburst on social media are about pink Starburst. So we knew it was time to give our fans more pink Starburst than ever before.
We recognize we are potentially giving too much credit for unproven skills in building a business, rather than just a product, but we see more to Snap than many suggest.
The main criticism I get is 'Aren't you just conforming to a patriarchal standard of beauty?' Well, this is just the body I was given. I didn't do anything to it– it's just my body. But even if I had altered it, that would be fine too.
Here's the one statistic I saw that really interested me: Snapchat has about 31 percent of social media users and 2 percent of the advertising dollars. You can't reach my daughter and all of her friends unless you are where they are. That is a really important market. She's on Netflix. She doesn't watch network television as we did, and she is on Snapchat 72 times a day. My own recommendation is take a deep breath. Congratulate Evan and the team on an amazing job.
This is a long term trade. I'd like to come here a year from now and see are they closing that gap? Did they get advertisers (to invest)? If they don't, they have a nasty fate.
We still have the events as scheduled. It's still nature's kickoff of spring, not only in Washington but across the country.
We're starting to get a lot of résumés from [software engineers at] companies where the business model isn't working and they can't get funding, so they are closing down or cutting back. Silicon Valley has not had a major success in terms of IPO before Snap for years – and Snap is in LA. I got here in 97 and it was like it is now – incredibly packed, impossible to commute, high apartment costs.
They're staying away from me. I say 'Hi' to them, and they avoid me completely. I don't know what they've been saying amongst themselves. But no one is signing up anymore, and the people who need to renew are not renewing.
We are creating an environment where there are kids living in this country exposed to hunger and malnutrition and without access to health care. The consequences of not properly caring for those children will catch up with us when they're older.
They're making these decisions based on what they hear in the news or information they're getting from other people. People started asking questions right after Trump took office.
I get calls from concerned parents all the time: 'Should I take my kids out of the program?' . They're risking hunger out of fear . . . and my heart just breaks for them.
This is a response to the climate of fear and terror that immigrant families are living in because of the Trump administration. These are unfounded fears. But they're based in this environment, and they're very widespread.
I would love to be long the stock at '3 cents.
The ad load is limited … [so] you have to be growing users and engagement violently to make maximum profit and maximum value. I'm not a buyer.
As a result, we believe its current valuation 'bubble' at 7X 202 EV/revenue is set up more for a [Twitter] like pop over the next year than a steady rise from today's levels. SNAP's income statement is going to look a lot more like [Twitter] than [Facebook].
We are creating an environment where there are kids living in this country exposed to hunger and malnutrition, and without access to health care. The consequences of not properly caring for those children will catch up with us when they're older.
But it's definitely not enough for the whole month.
I get calls from concerned parents all the time: 'should I take my kids out of the program?'. They're risking hunger out of fear … and my heart just breaks for them. And I try my best to keep in touch in them. … But in the end, if that fear is too real, I tell them it's their family's decision. And I connect them with a food pantry or mobile food distribution.
We used to tell people that signing up does not make you a public charge. Now my advice would be, if you're worried, talk to a lawyer.
They're staying away from me. I say hi to them, and they avoid me completely. I don't know what they've been saying amongst themselves. But no one is signing up anymore, and the people who need to renew are not renewing.
There's plenty of upside for them to monetize.
I don't think it necessarily resonates with older audiences yet. They need to work on solutions to cater to people not 18 to 24 to become more like Facebook. Snap is a great app, it's not a viable app platform just yet.
Sequential DAU and monetization growth throughout 2017 will be key in determining the growth curve of Snapchat, and whether it's more likely to mimic Facebook in its user/advertiser appeal or Twitter.
There used to be a four-letter word that begins with 'F.' Now the most dangerous four-letter word in English is S-E-N-D because when you push send it's gone and you can't reach out and grab it back.
I love new technology. I'm not like Chuck. I'm not going to refuse to get on Twitter because he feels like if he gets on Twitter they're going to know what he ate for dinner. I see some valid reasons for a lot of the new technology.
I'm old school, I like watching games on TV. How can you not want to watch your game on a 55-, 65-, 75-inch high-definition TV? That's the way sports was meant to be watched.
Do this on Snapchat with me. It'll get like 2 billion hits.
Snap just felt like the IPO of my time and seeing where Facebook and Amazon are now, I really think Snap has the potential to grow (like them). There are a lot of companies I don't know or recognize, but Snap, I use the product, and know everyone - my friends, my co-workers, even my parents - uses it.
I bought it even when I was pretty positive I would not make a profit in the short run, but just because I am a fan of the product.
Just like when Facebook invented the [News] Feed, and every social product was like, That's an innovation, how do we adapt that to our network,' you're going to see stories pop up in other networks over time, because it's one of the best ways to show visual information in chronological order.
AOL Instant Messenger inspired some of the stuff that we've been doing recently.
At some point," "there's some question of market confusion and a disabling of passive strategies.
What Snapchat is attempting is to apply technology to visual products to create a fading-away effect – just as spoken words fade away in the air after utterance.
Complicated, nuanced thoughts that require context don't play very well on most social platforms, but a resonant hashtag can have extraordinary influence.
That's the purpose of the face filters or the geofilters in Snapchat – they provide a fun way to communicate these same kinds of phatic messages with pictures. In digital environments, what you talk about is Snapchat's filters, or sticker collections, or you talk about an interesting GIF. They're a shared object to talk about.
If you've ever looked at Ikea instructions, those don't have any words in them, and they're notorious for how frustrating they are to use. Ikea instructions would be a lot nicer if they came with words. So I don't think words are going anywhere.
Often at the top of that list is information about the rights of shareholders.
Our guideline on the sentencing of children and young people has the prevention of reoffending at its heart. No one wants children who commit offences going on to become adult criminals. The guideline therefore looks with far greater detail at what kind of sentence would prevent this based on the age, background and circumstances of each child or young person, so that it can help them reintegrate instead of becoming alienated further.
These are people that have pride of ownership, they love Snapchat, they use it everyday, and they want to own what they love.
I was 18 when I moved from Buffalo to Nashville. My dad would call me once a week and end every conversation with, One more time, what's your address?' and he would never send me any mail. The song is a little bit about my hometown, my family, but mostly just someone looking for an excuse to call someone they miss – thanks for always calling, Dad. I missed you too.
Snap is the first IPO-centric stock I've taken. It's a huge growth opportunity.
There's a lot of upside in Snapchat going forward and I wanted to partake in its IPO.
Every single one of my friends uses it. I think it will be really successful.
It defined the way teens and young adults communicate with one another. I see the company growing a lot.
They're tapping public markets but giving shareholders no say. What we would like to see at the least is for the indexes to exclude new no-vote companies.
The market does have a bit of an exhaustive feel. I think the bears would love to think with two major events like the Trump address to Congress and the Snap IPO, with heavy valuations, and now Yellen pretty much signaling three rate hikes will happen, it would be the kind of week they sell the news and we finally get a corrective phase. Traders are trying to stay with the rally but the higher we go, the harder it is.
We don't have the bandwidth to follow the stock market. It's tough enough keep kids on track to graduate.
Silicon Valley is a pretty amazing place to live. This obviously couldn't have happened anywhere else. I think everyone understands it's a pretty transformational event for our school.
It all started at my kitchen table with my kids. Only in Silicon Valley.
To effectively hand power back to London would I think be a disaster for devolution and a serious set back for progress in Northern Ireland.
If Sinn Fein becomes the largest party, the DUP will not go into government with them and if the DUP remain the largest party, Sinn Fein have said they won't work with Arlene Foster. I just don't see it happening.
The prospect of a devolved government being formed, which was already slim anyway, is very remote.
There's a distinct possibility that Sinn Fein could become the largest party. There's also a possibility that there could be a tie.
That would be a total failure of the politicians of Northern Ireland.
For the most part my generation has left cable. We're not going to come back if you buy Snapchat or Disney buys Maker. Snapchat may become the main entertainment platform for my generation.
In order to remain a viable platform, you need to have a library of things for people to look at.
It was a little bit of fish out of water for me. I'm an educator. It's not what I do.
With the full impact has yet to be realized, the return on the investment will allow us to accelerate the goals of our strategic plan, which emphasizes our commitment to make Catholic education more affordable and accessible to our community, recruit and retain outstanding faculty and staff, and develop innovative programs and facilities.
Those who were shorting it ... they're already screaming. You can't short when you start these new deals by the way, but people do. That's going to be a wake-up call. There's going to be a lot of deals announced with media companies.
I think everyone understands it's a pretty transformational event for our school. Our kids are understanding that it's pretty exciting to live out in Silicon Valley. It's hard to imagine it happening anywhere else. If you work hard and do the right things, sometimes luck will find you.
That's not to say that Snap can't be a success, but it would do well to temper its expectations to the more realistic growth trajectories of pretty much any company other than Facebook.
I don't think people are looking at that exact metric right now. They still consider this a growth story. It's a demographic that's really appealing to advertisers. Q4 was a struggle – they brought in new users, but at a lower percentage. People believed in the story, now it's about producing. In this environment, we're in a super-bullish market, just look at the conditions in which Snap went public. All the conditions are perfect for people to accumulate risk. Snap definitely took advantage of that as far as the timing of their IPO.
At current levels the stock is trading at a premium to Facebook after normalising for engagement levels. This seems unsustainable given Snap's unproven monetisation potential, structurally lower profitability and likely challenges in materially reaccelerating user growth.
Chief amongst those concerns [is] ... slow user growth. When I speak to advertisers, they're salivating at the prospect of getting in front that demographic of 13- to24-year-olds. I think this is good and healthy for the tech space going forward. But Snap, the business itself – I think it's slightly unproven.
I think the progress is being made that we want to see, really, but obviously there's still a long way to go. I just want to make sure that he's not in a boot in February still. Now, we're seeing him do some things on Snapchat. Heck, I follow him. I don't even know what that is, but it's good to see him out there doing some football drills.
We fully anticipate him being healthy. That's obviously out of our control, but he's going to have a major impact on this offense once he gets healthy. And that's the biggest thing for him is can he take the strides necessary to get healthy, not overworking it, but continue to keep pushing himself, which I see him in the weight room all the time working hard. He's working with [head strength & conditioning coach Chad Englehart], and he's working with [head athletic trainer Larry Hess]. They'll get him right, and he'll get himself right.
Josh is really working hard, man, and that's half the battle.
The only way to do this is through a personal relationship. The probability of success is quite low.
I think everyone understands it's a pretty transformational event for our school.
Snap is a promising early stage company with significant opportunity ahead of itself. Unfortunately, it is significantly overvalued given the likely scale of its long-term opportunity and the risks associated with executing against that opportunity. There are some lessons to be learned from the Twitter IPO. A difference with Snap is that I don't know that investors necessarily believe that. Maybe some do.
But going forward, when you think about this as a retail investor at home, Should I jump in at these levels?' given the fact that it was priced at $17 and now trading at $25, the key metrics when you're really valuing one of these companies is user growth and monetization.
The school's investment in Snap – which this morning announced the completion of its IPO – has matured and given us a significant boost as we continue our work towards realizing the bold vision and goals set out in our community-inspired strategic plan: leading with Hope & Zeal. This incredible boon will not, by itself, completely fund the goals of the strategic plan, but it will lay the necessary foundation and give us a remarkable head start.
The EM rally has hit a bit of a speed bump. The market is moving to price in a hike in March following the recent comments from Fed officials, that's driving a retreat in some emerging market currencies.
Trump cannot upset what is driving emerging markets at this point in time that is, a cyclical global growth upturn which is evidenced when you look at global trade.
If you look at the competitive reaction, if you look at Facebook's reaction in terms of copying or imitating a lot of the features that Snapchat has, that's indicative of the issues that Facebook faces in relation to Snap and its growth. So you have a search war developing between Amazon and Google and you have a social media war, if I can put it that way, or market share war between Facebook and Snap. We'll see how far they go, that pales into relative insignificance to Google.
Google and Facebook dominate digital advertising. They own about 75 percent of the market. And they get about 100 percent of incremental spend at the moment. What our clients want and what our agencies and indeed our competitors' agencies want is more competition in the market place.
This looks and smells like Twitter to me. I'm concerned that investors will have to wait a very long time, if ever, before they see any meaningful appreciation.
Even with rosy growth forecasts, at $22 billion, we're looking at a stock trading at five to eight times estimated revenues in 2020. The only companies in that domain are Facebook and Alibaba, and they have massive scale. And both of them are profitable.
Snapchat has built a better mousetrap. It's engaging, and it's fun, especially for young people.
There is something brilliant about going public after only a few years of generating any revenue at all. The sky's the limit and history is not a guide. People are saying they'll wait for a valuation that's truly astronomical, and then take the other side of the bet. They feel Snap will be richly valued out of the gate but possibly run into trouble over the next few quarters.
My message to Snap was certainly make sure that you drive predictable consistent growth, and you over-communicate what makes you different, and then ultimately Wall Street will really understand the story.
Let all the hot air go out, let the private investors cash out, let's see how the Industry evolves in 1.5 years.
It is rare to have the opportunity to invest at this stage in a company as visionary and dynamic as Snap.
I am happy to share some momentous news with you. The school's investment in Snap has matured and given us a significant boost.
We don't just have our headquarters here; many of us also call Venice home. No one could have anticipated how quickly we've grown, and we have already begun focusing our future growth outside of Venice.
My message to Snap was certainly make sure that you drive predictable consistent growth, and you over-communicate what makes you different, and then ultimately Wall Street will really understand the story. This is a massive milestone for our business.
A declining day following a rampaging bull run is a sign of health, especially when it is associated with a gigantic, yet well run IPO. It should ultimately bring out more buyers than sellers, and more initial public offerings of companies that had been fearful to tap the markets.
When one of these blows up, it makes you feel reckless trying to save money with these flimsy pieces of paper.
This incredible boon will not, by itself, completely fund the goals of the strategic plan, but it will help lay the necessary foundation and give us a remarkable head start.
I don't think there have been any other high schools that have invested so early in a company such as Snap.
I wish I could pound the table about this issue.
As such, we see Snap as a sustained ad share gainer over the next two years. That alone should be enough to lead to upside to the offering price range this year.
This is not about 2016 numbers. This is about the story of bridging the divide between physical and digital worlds.
But we're most excited about ad revenue going forward.
My partner is very traditional.
We had a duopoly [in digital ads]: Facebook, Google. I think they're going to continue to do well. But now there's a new player on the scene. Snap is a network – of younger people who are having fun. It's hard to pry those people away from the network.
We're not just chasing growth.
1) Already slowing growth in daily active users (DAUs) 2.) Slowing monetization (ARPU) [average revenue per user] growth 3.) Fierce competition from larger rivals such as Facebook, Instagram, and WhatsApp 4) Rich valuation relative to current and future growth.
Snap Inc. is becoming a public company just as its user growth and monetization growth rates are beginning to meaningfully slow. We see Snap's revenue opportunity as constrained relative to expectations and, as such, we think shares are fairly valued at best at the IPO price. We believe much of the slowdown is being driven by increased competition, i.e., the launch of Instagram Stories in August 2016. A slower user growth trajectory in the present naturally limits upside in Snap's revenue generation in future years.
We used to be the start-up nation and we have fallen way behind. It's tremendous to have a Snap but we need 5 Snaps. We only took 90 companies public on the Nasdaq last year – we normally run 200. We only took 35 companies public on the New York Stock Exchange, we normally do 80. You have got to do what Israel, Germany, India, France are doing.
I think, very much like Facebook before, the key to the company's longer term success is whether they're able to move from more of a niche product, catering to younger people to one that becomes broader, not just demographically, but around the world. And that's really the challenge for the company as they look to move from a niche product to a mass market product and monetise accordingly.
I see it as a major boon for the community and for the company itself, I don't know. It's almost like Venice won the lottery.
They are pushing people who have lived here for generations upon generations out because they can't afford to live here anymore.
Snapchat says that we are not the sum of everything we have said or done or experienced or published. We are the result. We are who we are today, right now. It only recently occurred to me, while preparing this address, how totally absurd this whole charade was. It reminded me that oftentimes we do all sorts of silly things to avoid appearing different.
Conforming happens so naturally that we can forget how powerful it is. We want to be accepted by our peers, we want to be a part of the group. It's in our biology. But the things that make us human are those times we listen to the whispers of our soul and allow ourselves to be pulled in another direction.
As a policy, we don't speculate on stock price. We're all in the social media space. But we are a new story.
Significant ongoing dilution from share-based compensation will likely represent an additional negative consideration for the stock.
The problem is, at least at this point, [that] it's a one-product company. And also, they do dominate, in a traffic demographic, the younger folks. But at some point, at least in the United States, that might be saturated, and they're going to have to come up with another gig.
One is a re-acceleration in daily active users, and two is an increase in the average revenue per user, particularly abroad, where the APRUs are always less than they are in the United States. The company, at some point, will reach a crisis where it's really going to be a make or break for the business, and if they handle it well, it becomes a star. If they don't, unfortunately, it becomes 'Twittered.
I actually think if you were trading-oriented, you may want to be selling into the open and see how this business model matures over time.
I'd be long on Snap.
The other view which I'm afraid I agree with is that we are in a cycle, we are at the top of the cycle, valuations show absolutely no value and then Snap comes along. Sometimes a deal at the top of the market can be something that crystallizes the insanity.
Morgan Stanley and Goldman should hang their heads in shame here. I mean not about the valuation but non-voting shares. Isn't that the ultimate example of bubble trouble? So I say we are in a bubble, there is no value and investors should take a lot of risk off the table. There are two views; the Warren Buffet view is that he market isn't that expensive, the American economy is doing well and the long-term investor should always be engaged. And in the end he's done a pretty good job of managing other people's money.
Snap is relatively young and it's yet to generate profits. The typical IPO tech investor will say that's fine and it doesn't matter. Snap has a chance to look at the good and the bad, the positive and negative choices of companies that come before them.
It was like one more thing to do.
Look at 2024 to 2027, when the company is generating significant EBITDA and cash flow. What you'd need to believe is that Snap has built a very substantial defensible position as a mobile media company among millennials. That's a generation that doesn't watch linear TV, doesn't listen to the radio, but uses Netflix and Spotify. Advertisers say look, I cannot get these people anywhere else, I need to buy somewhere. I can't let the business die with people over 30. That's a big bet. Snap is going straight up for that. Major high-quality broadcast-quality content. Not user-generated content.
Facebook, Google, and Twitter all want to tap in. My guess is that Snapchat has the inside track as a video-first mobile platform. The consumption model is curated Stories presented to the user.
Deleting should be the default.
We feel it's worth asking the question of, is this a one-off novelty pump-and-dump IPO, or is this a new trend with these unicorns? We'll try to explore both sides. Is this is a slap in the face of corporate governance, or is this the market efficiency of the future?
If Snap does well, I think that'll be a green light for a lot of tech IPOs.
We see Snapchat as an opportunity, we think that most of our major advertisers are certainly leaning in somewhat to Snapchat.
You need that competition to put the onus back on the person selling you a bill of goods.
I think the biggest challenge with using them (Snap) is measurement. Shifting any significant amount of funds or dollars into Snapchat, until we can start to prove out the measurement, is always going to be a challenge.
I think the next year is going to be challenging because probably this is going to feel more like Twitter than Facebook. This is an expensive stock, so I think it's going to be choppy for the next year.
It got to the point that if I wanted to keep up with everyone's story, I'd have to sit on my phone and watch it for 25 minutes.
I don't really understand why he and his friends use the app so extensively, but I am trying to keep up. It allows me to be silly and show a silly side of myself to my son and it allows him to be silly with me.
Amazon's tentacles are spreading rapidly into all areas. I think it's a defining moment in that it could well be the third force. Snap … is definitely a potential third force. The reason that Google has been successful … is that the results are very clear. Facebook is a little bit more woolly. I have always referred to Facebook as a brand mechanism as a way of building brands, rather than necessarily being about effective sales generation in the short term.
People look at the China internet story ... over the last 15 years and draw parallels to the similar income and demographic shifts happening in India.
It [Hike] can't really go head-to-head against WhatsApp ... a more niche strategy might help it survive. WhatsApp is the clear leader in India – as far as both C2C messaging is concerned as well as the use of messaging by businesses for B2C communication.
We admire what Snapchat has done. India is extremely diverse ... what works in the north is different than the south.
Kavin has built a unique business model with a focus on localization of content and user engagement, combining many elements of the Snap and WeChat product offerings.
An IPO is a pricing war... If you're interested as an investor, you've got to ask, Is there value in this game?' While I think there are ways to get to $25 or $30 billion, I mean, those ways are tough to navigate. There are lots of things in the way...It's got to be Facebook lite. That scares the heck out of me as an investor. Already Facebook is trying to 'out-Snap' Snap.
As a pricing game, this could go either way. This could take off and double in the next six months, because a pricing game can have its own momentum going for it. But as a value game.... rather than track prices, I track revenues and margins, because that's what drives fundamentals.
If you're a venture investor and you can bag a dragon, that's a spectacular outcome. That individual gets to do the victory lap and ride that for awhile.
He comes in and he wears his yellow pants and his crazy shirts and spews off some really smart things and people say, I guess this guy really knows what he is talking about.
Nevertheless, I think the good absolutely outweighs the bad here, at least for the near- and intermediate-term future. I could see it doubling pretty easily simply because big firms that got a huge slug of stock in the deal will go into the regular market to buy more, so their cost basis will be superb versus the actual closing price.
If Snap spikes really hard right out of the gate, I suggest waiting for a pullback before you buy or accepting that you missed it if the stock is more than doubled at the opening.
The usage trends are largely the result of a shift in the primary use case of Snapchat. Older groups are now more likely to tune in for content. The platform has multiple partnerships with television networks for mini episodes. Meanwhile, the younger groups are less likely to add Snapchat when Instagram Stories can fulfill their broadcasting needs.
We have found high retention and engagement rates on Snap, which have largely come from responses to our stories from viewers.
You need to reach a much broader audience to be able to reach a broader set of potential revenue.
I've since learned that standard means either the person who's walking you through documents doesn't understand them or you could be getting taken advantage of. When someone says something is standard, just ask why, and why and why and why, until you really understand intricately, I think, how the deal is structured.
I know this is a contrarian view, but I full support the Snap founders having complete control. There's no reason for them to go through the dance of allocating different voting classes; they want control, they deserve control and they have proven they can execute with control.
We strongly urge Snap to reconsider the proposed structure, and instead go to market with a single-class voting structure, which overall is associated with stronger long-term performance and mechanism for accountability to owners.
Folks will have the capital to spin off from Snap their own ideas and their own companies. It will also be that anchor that shows that for a long time the buzz about LA was you start a company here, get acquired, instead of starting a company that would really become a pillar and become that lynchpin for future activity.
We want to hold them accountable, yet they are hijacking the stock right from day one. We want to be able to fire these people as soon as they trip up, which they will before you know it.
We've got a bunch of kids who were accused of misogyny, sexism – if you look at the female scandal of two and a half years ago – we were disgusted at the company. These people now want to take billions of dollars from the public markets and say 'leave us alone,' we want ownership for life. This is wrong.
Outrageous, the company is rotten to the core, that's what we learnt.
In general, YouTube is best positioned among digital media owners to capture so-called 'TV money.' Snap will increasingly be able to do the same as well. However, we argue that looking at declines in TV consumption as that viewing was historically defined will overstate the degree to which budgets may shift from owners of conventional TV networks to digital media owners with TV-like characteristics.
Snapchat are in creative hustle mode. When we meet with them, they are so excited about the possibilities building to IPO. I've never been in a vendor meeting when all the teams left crazy excited about what could be possible. They deserve a major high five for that.
We prefer Instagram stories because it is a similar format but with different targeting, reach and exposure.
While there's a lot of eyeballs there, advertisers are still scratching their heads, saying I'm not quite sure how this fits into my marketing scheme.
It is one of the biggest ad platforms in the world, with a humongous offshoot called Instagram and the same ad serving and retargeting platform.
That is an amazingly addictive experience for people. Millions log in daily to put branded content on their face or your child's face or your dog's face.
[We] built on a format that Snapchat invented. It's a format, [and] we believe that format will be universal.
We're not adding ads to WhatsApp, and we don't have plans to do that.
This is a format that is being broadly adopted, and we're adopting it as well. There are some pretty interesting things that we've done to make it unique to WhatsApp.
"Barriers for entry would appear low here as well, and you could see their demographic – 18-34 year olds – easily shift to another service,"
"Snapchat offers a cocktail of hype, insane valuations, dubious fundamentals and weak governance. However, the same was said about companies like Google and Facebook when they listed,". "For tech companies early in their lifecycle the weak governance structure is fairly typical, and even with those concerns subsequent shareholder returns have often been stellar".
Snapchat offers a cocktail of hype, insane valuations, dubious fundamentals and weak governance. However, the same was said about companies like Google and Facebook when they listed. For tech companies early in their lifecycle the weak governance structure is fairly typical, and even with those concerns subsequent shareholder returns have often been stellar.
Barriers for entry would appear low here as well, and you could see their demographic - 18-34 year olds - easily shift to another service.
How will they hold up against all the guys you don't want to be fighting against in the world - Facebook, Google and Apple?
They are going to have to get the Amazon pass - investors that don't care in the short run.
It's worrisome. Snapchat is going to have to continue to be really innovative and distinctive. It's going to be very tough to trump Facebook.
If you're going to make the bet longer-term on Snap, you are betting they are going to come up with innovative products that Facebook can't copy. That's a different direction for the company than just adding more social media capabilities.
It was a disappearing messaging product, and that's it.
I remember Evan and myself were actually out in EDC Las Vegas when we launched this product, and so we were half expecting to see nothing. Instead we saw the most amazing content covering an event that we've ever seen.
It was just utterly unbelievable how much really cool and creative and fresh content was being submitted to this live story.
Once every, other week, a group of people from throughout the company get together and they talk about how they feel, and they take turns listening to each other.
The support, and the love, that we show towards each other makes this so different, and I also think that it's the one thing that has really remained consistent even when so much else is changing.
Rather than carry around all this baggage of everything you've done, you can be a new person, you can change.
We have...employed a series of efficiency and effectiveness initiatives to reduce costs.
Our business is scaling quickly. Almost all of our revenue gains are being driven by volume, rather than pricing.
I think our community knows that they should expect the unexpected. Expect change from Snap.
It takes time to make great products – meaningful innovation doesn't come on a schedule, and our community is already difficult to predict.
I think that the lower proposed valuation reflects feedback from institutional investors that the higher valuation is hard to justify. The concerns are about Snap, not the IPO market.
"The ebullience speaks for itself as manufacturers will be a main beneficiary of any corporate tax changes. This joins a slew of euphoric sentiment indicators that we've seen for months but the actual rate of economic growth right now for Q1 is still estimated to be around the same 2% we've been stuck in,"
"I think the market has a problem here, and that is complacency,". "Investors are getting ahead of themselves with the prospects of Trump moving forward with tax reform.".
"I think that the lower proposed valuation reflects feedback from institutional investors that the higher valuation is hard to justify,". "The concerns are about Snap, not the IPO market".
Snap is right to be conservative in setting the initial range. They want to avoid setting a range and then price below the range.
It's one thing to give common investors a vote and then have 500 for a different class, but it's another to give them none entirely.
It's tracking to look more like Twitter than Facebook simply from the perspective of the top line growth doesn't support a long-term oriented growth model. If you cut total usage off at the knees, then you can only grow in value by engagement, and then you only grow thereby by advertising and monetizing that user base even more than they otherwise would be.
They'll be relevant as long as the problem is with us.
Like a good Catholic I thought if I went to my pastor he'd be removed. But nothing was done. That was the first time anybody really tried to help me get that priest away from kids.
I think the need for an organization like SNAP is still very important because of the uneven way some bishops and religious orders respond to these accusations.
Her contribution to the survivors movement is unsurpassed. Her tenacity and fortitude helped expose abuse globally during the past three decades. We will carry on her vision of SNAP as we grow in new ways to better meet the needs of survivors coming forward today and in the future. We wish Barbara the best.
This ephemeral attention span is what's really going to just eat away at all these other new applications. So, the stickiness of it, whether people are going to stay with this application, that's the question. Twitter's a very different company even though it did come into the marketplace losing money. That's the only weapon that you have, so I would not obsess about it. If people don't want that, don't play it.
If the goal is job growth, it's not going to be coming from these companies. They just don't need that many people.
That's why there is such high multiples for these software companies. The profit margins are really high because they can scale very easily without adding that many employees.
Snapchat says that we are not the sum of everything we have said or done or experienced or published. We are the result. We are who we are today, right now. Conforming happens so naturally that we can forget how powerful it is. We want to be accepted by our peers, we want to be a part of the group. It's in our biology. But the things that make us human are those times we listen to the whispers of our soul and allow ourselves to be pulled in another direction.
They do have the right demo and they are a camera company trying to tell a good story. But at the same time I was like, wow, you're spending a lot of money. Are you ready to come public?
I can see Snap revenue is about $400 million.
These are your chances to get in, not get out and don't be deterred with Facebook just because SNAP filed to go public tonight and its growth looks solid.
If you actually focus on the diagnostic business, which everybody is talking about as the future of car repair, we were up double-digits.
They should not buy common stock without a vote.
Snap's issue is not cost, but user growth and revenue per user. If they can get revenue per user into the kind of territory they think is possible, the cost of hosting will be a hit to gross margin but it's not going to be an issue.
With companies like this, you think they're always fine, until they're not.
He's different from most tech people because he knows what's cool and what's next. He doesn't like things because a dealer says he should. He just likes what he likes, whether it's made by a high school friend or a famous artist.
If you want to understand Snap, look at Evan Spiegel.
"Now that we are developing other products, like Spectacles, we need a name that goes beyond just one product – but doesn't lose the familiarity and fun of our team and brand,"
With most photo apps on the market advertising ways to make photos prettier or more stylized, we thought there was an opportunity to do something different. We wanted a place to share awkward selfies and funny photos with our friends.
Snapchat's biggest challenge is to convince investors how they can be that 'next big thing' over and over and over. High flyers come out and them seem to be acquired, like Instagram, or flat-line like Twitter.
I don't think [Instagram Story ads] replaces the ad formats of sponsored lenses on Snapchat. It's a highly engaging unique to Snapchat format.
I don't know any bank that would turn down the opportunity to be on the Snapchat IPO.
Equity markets across the EU are stronger today on the back of a round of better than expected earnings, as well as rather better than anticipated China manufacturing data. This should be enough, at least temporarily, to offset political uncertainties.
Deadline Day is a huge date in the diary for everyone who loves football, it provokes countless conversations and Sky Sports News can be relied on to deliver the news as it breaks through to the final seconds. Every window we strive to find new ways for fans to follow our coverage and deliver the stories in a way that suits their busy lives.
We are thrilled to collaborate with Sky Sports to give fans on Twitter another way to watch and discuss the day's top rumours and deals as they unfold live, all on one platform.
Folks will have the capital now to spin off from Snap their own ideas and their own companies. And it will be that anchor that shows that for a long time the buzz about LA was 'you start a company here, get acquired,' instead of starting a company that would really become a pillar and become that linchpin for future activity. That will be an amazing day for LA. In fact I talked to a recent startup CEO here in downtown LA. He said I have two engineers that recently graduated from USC. They turned down Harvard and MIT because they said 'LA's where it's at.'.
MySpace, while it never had the success that folks thought it would, spawned a whole generation of entrepreneurs who started their companies and used the knowledge that they gained and the network that they had to start other companies.
I should probably Snap this whole thing, but my political advisor said don't wear these during the interview.
The diplomatic feud between the U.S. and Mexico bears substantial risks for Mexico and its economy that is still in the process of consolidation. It also risks spilling over into neighbours that are very much dependent on both the U.S. and Mexico.
One of Facebook's big initiatives within its own apps and third party is promotion of native advertising, ads that fit in with the look and feel of the app. Stories can be viewed as part of that. I think Snapchat has a very engaged audience and it's strong in North America, and with a young audience. There might be a risk that if Facebook rolls Stories out into countries where Snapchat isn't as well penetrated, it could impact Snapchat's growth opportunities in areas where Snapchat isn't as big.
Makes perfect sense. It's an image driven app that can overwhelm lower end devices. But that's fixable.
I think it makes sense to some extent, i.e. the photo and video-centric nature of the app may make it less appealing to users on slower connections or lower-end phones. I wouldn't dismiss the potential impact that Instagram's updates have made, however. The story will be monetization, in terms of the North America and Europe user base, and how quickly advertising revenue ramps to reach the Snapchat demographic.
We are at the tail end of the social media boom. Novelty is giving way to fatigue. Fundamental investors should avoid the IPO. Snapchat is a total junk, hyper-inflated. Durability is absent. All the junk IPOs I mentioned had their uniqueness too. Remember Groupon - group buying; Zynga - social gaming; GoPro - action photography and a media company and drone company. These are all instruments of blowing hot air into a company before a collapse.
Now Snapchat is seen as the number one form of social video. Yes, Facebook Live and Instagram videos are in the market but what that does is expand awareness and expand the addressable market.
Trade protectionism is an impending risk.
The market is in wait and see mode - there needs to be some clarity on the fiscal side fairly soon, or the market, which has priced in part of this fiscal stimulus, will lose patience, which could mean lower interest rates and a weaker dollar.
With tailwinds from policy stimulus now fading, we expect clearer signs of a renewed slowdown to emerge during the next couple of quarters.
The Chinese response has been muted so far as they have been waiting for Trump to make formal changes. Now there is a chance of concrete measures there is a risk of escalation, which would be negative for emerging markets, as global risk sentiment would weaken.
Competition among the exchanges is fierce and winning large, marquee companies can have a halo effect that results in future listings business.
I'll do business with you if you give me the listing. I'll buy advertising in your newspaper. I'll fly your airline. I'll use your computer system.
Sometimes exchanges go to relatively extraordinary lengths in order to attract a high-profile new listing.
It does become a threatening alternative to Facebook and I think that's the big opportunity for them. We know Facebook have tried to buy Snapchat a couple of times, we know that they've made product changes as a result of Snapchat's products. I think Facebook is concerned about the potential opposition.
I think with the measurement issues, with the fake news issues, and the fraud issues that the internet faces, clients want to try and experiment.
No-one should underestimate the challenge faced to the political institutions here in Northern Ireland and what is at stake. While it is inevitable that debate during an election period will be intense, I would strongly encourage the political parties to conduct this election with a view to the future of Northern Ireland and re-establishing a partnership government at the earliest opportunity after that poll.
There will be no return to these institutions of the Good Friday Agreement unless we have equality, unless we have respect, unless we have an end to the corruption of these institutions and corruption within these institutions. There can be no return unless there's fundamental change to the approach of the DUP and how they do power sharing.
Northern Ireland does not need, nor does its people want, an election. With the triggering of Article 50 to leave the European Union, a new president in the United States of America, a volatile global economy, now more than ever Northern Ireland needs stable government.
As we look ahead, we see our entertainment businesses as essential parts of Sony.
I have been involved with Evan [Spiegel, Snapchat co-founder and CEO] and Snapchat since its early days, and given its growth since then, decided the time was right to transition and focus on my role as Chairman of the Board of Snap. I leave Sony with great pride in all we have accomplished together.
It has been an extraordinary 13 years and an honor to work at Sony with some of the most talented and creative people in the entertainment space.
The whole series of events, not just for myself, but for everybody in the company, had so many twists and turns to it that every time you thought you were going down a path, every time people thought we got this in hand, the next thing you knew we'd have another threatening email come through two days later or another series of events.
What they're doing is pivoting into a more traditional platform for content.
From a targeting perspective, it's not as robust.
It's not your traditional advertising push messaging.
Facebook has done a better job in investing in people's attention. It's the place where people spend their most time.
There is a natural evolution with every platform where they go from purely a hot cultural phenomenon and transform into a real functioning business. They need to balance maintaining some of the magic of the platform.
Becoming an advertising powerhouse may boil down to how well they manage relevance to their younger user base, with appeal to advertisers based on scale.
If you read between the lines, [Flite] is an ad tech partner that made their bones scaling and creating ads. Now they're joining a company that has in the past had challenges scaling creative.
Everything is completely custom. Their standard video inventory requires new production because it's vertical, and there's a 10-second limitation. That makes it challenging to plug and play.
We are eager to bring this type of ad format to our advertisers. We think that this has great interest from the businesses and brands we work with. This wasn't intended as a copy. We always monetize areas where there is growth in consumer demand.
The impact potential of these ads is even more compelling because the intimacy of these ads and the fact that they are sound on.
Spectacles are going to be a big deal because it removes clicks and you don't have to take your phone out. With this next generation (Gen Z) we're going to see a common trend – a backlash of not wanting to live your life with your phone in your face.
Advertisers want to go where the eyeballs are. Snapchat has done that in a unique way by capturing the way people are consuming media right now.
Snapchat just needs time. A year ago, they were a punchline for sexting and known for sending stuff you want to disappear. Now ... it's a massive pivot and growth story in a short period of time.
The mindset of how you are creating content on Facebook or Instagram is that you are curating content, like 'This is my vacation photo'. With Snapchat, you know this will exist for a moment and go away. You are much more uninhibited.
It's more real or raw, and less of that manufactured and curated life that you see on Facebook and Instagram.
We believe in the U.K. creative industries. The U.K. is where our advertising clients are, where more than 10 million daily Snapchatters are, and where we've already begun to hire talent.
We've always had a great experience but this time the Moldau river is colder than usual and that makes it really wonderful.
That was a heck of a play. From there, we didn't look back.
Just something to change the rhythm a little bit sometimes makes a difference. Most importantly, it was the determination of our entire group. We had contributions from everybody up and down the lineup. It's nice to win a hockey game. It's been a while since we had that feeling.
When you just don't have that passion to go to the net and shoot the puck to score, it's tough to win games. That's what they did tonight.
When you think you're one goal from tying the game, you need to come out and have a good momentum shift. When they scored, it was deflating.
A little change-up. It happens in hockey and it worked for us tonight.
There were turnovers and lost battles pretty much all (game). When you're going to do that, you don't really have much of a chance of winning.
Market edged up in thin volumes despite continued selling pressure.
Online purchasing is a potential lifeline for SNAP participants living in urban neighborhoods and rural communities where access to healthy food choices can be limited. We're looking forward to being able to bring the benefits of the online market to low-income Americans participating in SNAP.
We both have friends who lost apartments in minutes just because their applications came in two minutes after somebody else's. So the beauty of Snaplistings is that you can DM agents in real time saying 'I want to come and see this place, where are you? I will come and meet yo.
Like Twitter and Facebook, they've developed themselves initially as a social environment – one of the fastest-growing ever, by the way – particularly for millennials. I think they're off to a very promising start. They're thinking big early on, which is smart.
Every few years there's a new social network that crops up. Snapchat is obviously getting a lot of mind share right now. Do I believe there will be other incarnations? Absolutely.
Earlier this year, we worked closely with Snap on a very successful The Oscars Live Story and we look forward to building on that relationship and providing Snapchat's mobile-centric users with a unique, immersive experience around our shows and brands.
In most social apps today, a text box is still the default way we share. Soon, we believe a camera will be the main way that we share.
It's a bad feeling but it gets you resettled, gets you back right. After we lost to these guys the first time, we went on that run. Maybe we can do something similar.
The need to end this growing practice is reflected in the bill's widespread support.
I do think Facebook is under a lot of scrutiny right now because of its measurements and what advertisers are actually getting.
There's a lot of money to go around. The challenge for anyone outside those top five companies is how much is going to be left for all of them to share. ... There's still [ad] money to be moved from traditional channels into digital. That's where these other companies, anyone outside the top five, have the ability to compete to get those funds.
It's still early days. The user base has grown so quickly, and they've really introduced a lot of ad units, and improved their targeting since advertisers were critical of that.
There are going to be nights like that. You've got to find a way to win. We put ourselves in a good position to win.
He's our most vocal defender. He's our most vocal human being. It translates.
The Snapchat guys came up to me after a talk once, and I said I'm really flattered but the pics of your junk... really? So I passed. Later I told my business partner ten years younger than I am and he lost his mind. (He said) 'do you realize what Snapchat is?' That probably cost me a billion dollars or two.
I told the founders of Airbnb on one of their first pitch days that it would be dangerous, that somebody would be renting a room in somebody else's house and get murdered and the blood would be on their hands and that probably cost me a couple billion dollars.
Regardless of what happens, they've reshaped the social media landscape. They're making risky moves, trying to rethink what people want online as opposed to taking what's already been done and adding a new flash.
We've had a long-term bull market in bonds, as interest rates have gone from double digits to 1.37 percent. That's a 35-year tailwind which I think is now turning into headwind.
All of that has caused interest rates to move up about 100 basis points, but probably heading higher.
Seeking yield has been a wonderful activity for years and it's beginning to backfire. I think that we're going to have to move to an environment where we take what we need from the total return of the portfolio.
Economic growth has been better.
That's a 35-year tailwind which I think is now turning into headwind.
After that I think that the price of oil will likely be at a slightly higher level, not at the all time high, but something between US$60 to US$70 per barrel, will be a comfortable level for us.
If the TPP is a no-go, then RCEP must be brought to a conclusion, the earlier the better and I think realistically we are talking about the end of 2017.
With today's economic situation, it's going to be a challenge because you don't see the world economy on a rising trend. It's going to be much more the same next year, as the year before.
It's pretty early since the election, and things happen slowly in the private market.
What the stock is worth is anybody's guess. But it is really clear to me that they're going to get everybody's attention. And when they do the IPO, I suspect it will be well-subscribed.
The camera doesn't perform well in low light.
I actually stopped using Snapchat months ago, but my new Spectacles brought me back. They're perfect to capture fun moments with friends. But I feel odd wearing them at night or inside – the stigma of wearing sunglasses at night still hasn't gone away.
The strategy is brilliant; one vending machine in Manhattan is selling something that could easily fly off the shelves in the middle of June. Add the holiday rush, proximity to Apple's flagship, and absence of online retailers... I admire the company's first foray into the product.
They're unobtrusive, and I don't automatically look like a character from Westworld [compared] to Google Glass.
He works on TaskRabbit and was hired for $20 an hour to wait in line and purchase two pairs for a client in Brooklyn.
Once inside, I waited another two hours.
I wanted to hit a nerve': How one entrepreneur exposed Silicon Valley's.
It's a bi-directional experience, and you only get that when you're actually live with someone. If you watch it later, you're kind of doing the whole thing through a glass window.
We want Instagram to be a place where you share all of your moments. [That includes] the more private moments or the inside jokes that are relevant not for your entire Instagram following but for a smaller group of folks.
We are now more prepared than ever to further drive our strategic acquisition course while at the same time growing the company organically.
I think Snapchat struggles with leadership. Just because something is a great idea, it still has the very real challenge of bringing in the right people.
I think that Snapchat does everything in an unconventional way. Comparing it to Facebook or another company is an incorrect way to think about it.
It's much broader than just quick conversations that disappear. To me, the ultimate test of a tech company like this is not just, Do you have a cool service,' but 'Do you have a platform upon which other people can build good products and good services?' That's, of course, what made the iPhone so great, ... it became a platform. I think what they're doing with Snap now, is making it a platform.
There was little sign in this data of consumer hesitancy ahead of the election that some retailers have blamed (Starbucks and Dunkin Donuts in particular but restaurant/bar sales did fall) for soft October sales.
The rally may be abating a bit. When you move up that quickly, you tend to slow down a bit.
A very serious combat is ahead but we are ready for this combat.
Now that we are developing other products, like Spectacles, we need a name that goes beyond just one product – but doesn't lose the familiarity and fun of our team and brand.
This looks like something dropped from a cartoon UFO, with balloons attached to slowly float down.
The conversation about the election is happening on Facebook – it's really become the new town hall. And the campaigns seeing the greatest success on the platform are those that are really taking advantage of that by reaching out and having an actual, two-way dialogue with voters.
Snapchat has obviously been experimenting a lot with monetization and they've got a lot of really innovative products and they continue to have innovative products in that regard.
I think investors should look at the fact that the company is experimenting with monetization early on, they are doing a great job at it…but more importantly the company is growing so incredibly fast within the 'Gen Z' demographic and that's the demographic that is eventually going to move into a high spend power.
Snapchat is in a position where they actually are one of the largest players in the AR space. They are also a really big player in the ability to actually understand how users interact with each other from an emotional viewpoint, because they do get the data that a lot of other platforms don't gather.
Facebook, Twitter, Instagram, Snapchat, anything we can to get the message out there. People are wondering why these are big issues now.
It's become very clear there is a problem here, where we think our model can help.
We're knocking on an open door. We bring new money, we have a lot of turnaround and operational expertise and we have a collaborative model. The intention is we work with the shipowners and banks.
As marketers look for opportunities to allocate incremental budget, it's easiest to turn the knob up through advanced buying tools versus trying to figure out a whole new system or one that is still very new, like Snapchat or Pinterest.
As we saw with Vine, if you don't pay the talent, they ultimately go someplace else. I think talent is very frustrated with Facebook not paying them ... they're starting to pay certain people little bits of money.
We have seen some surprisingly good earnings reports from banks. The sector is showing some initial signs of a turnaround in earnings growth and higher inflation, and interest rate expectations could help banks further going forward.
A key question hanging in everyone's mind is how fast coal mines can ramp up production to help relieve worries.
Markets are worried that the pace of increase in coal output is not matching the surge in winter demand.
For us, organic growth is rolling out products that people really want … What we like to say is that we have runways for growth. One of those for growth for us is to expand with repair shop owners and managers.
That's one more channel. If you don't watch Netflix some night what do you do? Sometimes you watch a movie, sometimes you watch sports, sometimes you're on YouTube or Facebook or Snapchat. We compete broadly for screen time-- that's not just against a TV provider it's against all the things you do with that screen.
I have a health background and that opened me to meditation. I'm trained in transcendental meditation and I see TCM as a productivity and stress reduction tool. Finding a method to decompress, whether it's hanging out with a friend, taking a bath, or meditating, is very important to me.
I have a cocktail! Take a break to have a glass of wine. Generally, all things pass!
We want to be there at every critical point in your life. So come to us for advice. We've got your back!
I love Instagram and Snapchat. While I'm more a user of Instagram, I'm a voyeur on Snapchat.
It's a cloud over the Snap IPO that's going to come.
We will never know because this government gagged the market and ran a closed bid.
And I know the dirty little secret, that even though everyone thinks that there's privacy and that their information disappears, it still sits on a server somewhere, and it's totally hackable over time.
I started using Tinder's product and playing around with it and was like, This is amazing. The swipe-left, swipe-right, just that simple product feature, I thought was outstanding.
I looked at Snapchat's product and I hated the product. I just thought it was like, a little crickety and a little rickety. It just wasn't beautiful or elegant. And I have this dumb, personal pet peeve about that, and it really bugged me.
I think it was a good quarter for JPMorgan, Citigroup and Wells Fargo. But, if you really dig in, the real gains were in fixed income sales and trading. That tends to be a stronger percentage of gains for Goldman Sachs and Morgan Stanley than other banks. I think that's why you're seeing those two outperform.
Investors aren't willing to buy growth at all costs.
We believe that Snapchat can become one of the most important mobile companies in the world.
In the mobile marketplaces there's been a shortage of video inventory and there's money that's ready to be spent. Brands are looking for that really immersive ad unit.
It's like a broken record but we just have to keep getting after it. That's the only way to fix it.
Crude came off; gold came off; Treasurys came off. I think those reversals in the macro markets certainly spooked investors a little bit.
I think it was a reaction to the jobs report. I thought it was a pretty good report, to tell you the truth. I'm surprised by how some people are down-playing it.
I think that, after a number of days in which oil has risen on expectations of an OPEC deal, some investors are beginning to rethink the likelihood of a deal. For the past few days, we've seen some intraday volatility, especially in international markets. Given what happened with the pound overnight, I think investors are consolidating some positions.
All in all, ... it's almost like we're seeing the last two months being repeated.
It's kind of a good number, and it's not a bad number. If you drill down below the headline, did wages go up? Yes. Did hours go up? Yes. Did participation go up? Yes. That's what makes it good. What would've made it great? A number above 200,000.
We're convinced, regardless of this number and any number afterwards, the Fed is going to raise rates in December. The Fed is hellbent on getting the funds rate back to 1 percent before the economy rolls over.
I think it's just enough to keep thing simmering along. It's not so strong it puts November on the table, but it's not so bad that it takes December off the table. It's at room temperature, for lack of a better term.
The cause of the crash in the pound is still unknown, with a number of factors probably at play including a fat finger trade, very low liquidity, a large number of stops being triggered and algorithms exacerbating the move.
I think it's the beginning of a much broader set of things we're going to see from Snap, [such as] I think the ability to change how people think of the camera – it's not just something you hold and shoot, you take out of your pocket or out of a case – it's right there with you all the time.
Like Google Glass, most companies pursuing AR envision some version of a pair of glasses as the eventual form factor. Be on the looking for products that aren't marketed as Augmented Reality – AR will first show up disguised as another product.
That's a good thing for the present, and not such a good thing for tomorrow.
When we were just getting started it made sense to name our company Snapchat Inc., because Snapchat was our only product! Now that we are developing other products, like Spectacles, we need a name that goes beyond just one product -- but doesn't lose the familiarity and fun of our team and brand. We decided to drop the 'chat' and go with Snap Inc!
We're going to take a slow approach to rolling them out. It's about us figuring out if it fits into people's lives and seeing how they like it.
A better-than-expected increase in like-for-like sales at Morrisons supermarkets saw the company deliver a very positive set of interim results which beat forecasts.
The summer rally on equities was not really backed up by volumes and we are not out of the woods yet in terms of low economic growth.
There is more short-term downside to come as risks continue to dominate. The next 10 percent move is much more likely to be to the downside than to the upside.
We are the party that will have the privilege of forming a stable government.
These are the four basic principles our programme is based on and the principles on which we will build on in the negotiations with the parties who are ready to cooperate with us, and I am sure that following tonight's victory we will be the party that will have the privilege to form a stable government for the next four years.
I am sure that we are the party that will have the privilege of forming a stable government for the next four years.
Advertisers are attracted to Snapchat for its broad reach among young millennials and those in Generation Z, which are valuable demographic groups for many businesses. To engage those often hard-to-reach consumers, Snapchat has expanded its advertising portfolio over the past year to include a wider array of video ads, and more sponsored geofilters and sponsored lenses.
We expect augmented reality technology to evolve quickly and the experience to improve dramatically. It's little surprise that companies such as Microsoft and Google are placing such big bets in this area.
The added dimension of the Pokemon Go craze has undoubtedly raised awareness of the potential for augmented reality. That can only be positive for the technology.
You can do pretty much everything on WeChat – it's one single app that unifies all apps.
There is still a lot of uncertainty out there, and I would look to sell on the equity rally and for stock markets to consolidate in the coming weeks.
When you get yourself on the back foot, it takes a while to steady the ship, but the general backdrop of quantitative easing and low interest rates is keeping equities up.
Google's making sure they don't get left behind in a world dominated by the WhatsApp, and the Snapchat, and the FaceTimes and the Apples, who are basically their major competitors.
The goal is to allow anybody in the world who is interested to have access to tools and data that otherwise wouldn't have been available. Once a developer has access to a platform, services and data, there really is a wide range of opportunities to solve challenging problems.
What we're sharing isn't scripted or rehearsed. It's a real, raw view of what's happening on the ground.
It's mainly U.S. and mainly women looking for a filter for their friend's wedding or their wedding. We've also learned that there's a limit to the marketplace in the fact that geofilters are only available in Canada, the U.K. and the U.S.
The HDZ as the biggest and the strongest Croatian party is into the business of uniting rather the dividing Croatian society. I want European values and European priorities to be every day on the agenda of the future government, on the agenda of future Croatian parliament.
I think it could be summarised in three words: One is disappointment, the other is distrust and the third is apathy. Disappointment in the former government which was led by the HDZ, Croatian Democratic Union, also because it was in coalition with the Bridge (Most).
Advertisers want to be associated with the trendiest, newest thing, and this year, that's Snapchat.
It was all taco, taco, taco. It was a little surreal.
Consumers want something more than a passive experience. When you know content will disappear, you want to interact with it in that moment.
At that price, it was too hard to test the waters and learn in a new environment.
We're excited to expand our partnership with Snapchat, delivering compelling NFL content to a platform where millions of our fans around the world interact on a daily basis. The launch of the NFL on Discover will provide a key touch point to follow storylines throughout the week, and the expansion of Live Stories will provide fans with a unique perspective of the excitement in and around our stadiums at every game all season-long.
We don't believe Snapchat is having a material impact on FB's engagement or daily active user (DAU) growth. ... Our comScore analysis shows strong FB DAU growth in the 18-24 year old, 25-34 year old and total US mobile user bases.
Happily the second quarter came in very, very strong. So, we are really happy with the momentum of our business.
The U.S. aviation was up, power generation was up. So, if you eliminated those two difficult areas the total business would have been up close to 5 percent.
We are at an inflection point in the growth of the company. So, for the last five years we have purchased 17 fantastic companies. We built the company like a tank, put the whole infrastructure in place, the technology and now we are reaping the benefits of that.
Both companies were working to make mobile communication more human and more fun so we're incredibly excited to be joining the fast-moving and innovative team over at Snapchat.
I don't know if anyone can make an accurate call [on Bitmojis] yet. Brands like Taco Bell have been really creative with creating graphics.
I feel like me and Taylor might still have sex, Why? I made that bitch famous.
No, this isn't some sort of mid-life crisis, if I can still go by the mid-life rubric. I'm talking about the need to keep with Instagram, Snapchat and Boomerang and a host of other applications or you simply won't understand why a cohort of stocks is going higher.
It becomes more of a destination if you were to access those photos. It increases time spent on platform. Advertisers, that's catnip to them.
Snapchat is following Facebook. If something is really hooking people and working there, that's going to be something to follow. And, Facebook and also Instagram, if they want to reach millennials, they certainly still can.
I really see Instagram plummeting in the next few years. I don't know anyone who has engaged with ads on Instagram the way they have engaged with branded features on Snapchat.
You see the same feature happening across platforms from Google Photos to Facebook On This Day. It is about the product team at Snapchat wanting to create a long-term relationship.
It seems the recent declines in JGB yields are led more by foreign market movements rather than domestic factors. Globally, positive yields are disappearing, which has investors concerned, so they rush to purchase government bonds with positive yields.
It really calls into question whether the Bank of Japan has run out of bullets and trigger the yen to go higher (against the dollar).
Civility took over and the debate over Brexit stopped for a period of time.
The turn (in stocks) started when Europe started to close.
It's a minor turnaround to the negative sentiment of the last few days, but there is a bit more risk appetite across the board, with the Fed's likely position lending a bit of support.
Snapchat is getting good mind share [in the millennials age group]. As a stock this a great time to sell.
We're already in a bear market in Europe and fears over Brexit are adding further pressure and uncertainty to markets.
Britain will lead one of the battalions. London will send up to 700 troops to the Baltics and Poland. That should send a very strong signal of our determination to defend the Baltic states and Poland in the face of continued Russian aggression.
[Snapchat] is really a compelling mobile platform. It's incredibly engaged by millennials and Generation Z. It's a better place to connect with them, and serve them awesome, relevant ads. It's humongous for brands.
There is a bit of (debt) supply to be absorbed this week and market sentiment is poor ... so we are cautious on the direction for the periphery and expect more volatility.
Snapchat Bob Marley lens works terrifyingly well ... partly why the outcome is so enraging.
Snapchat capitalising on 4/20 with a blackface Bob Marley filter. Stay classy. Well, there's a Bob Marley @Snapchat filter for today. Just in case you didn't want the effort of buying paint to do blackface.
I think right now we're in pullback mode. There's a lot of profit-taking, end-of-month and end-of-quarter.
The durable goods report was clearly disappointing. I don't think anybody was surprised.
The real reason for the market coming down in the last couple of days is the Fed rhetoric. Certainly the comments out of Bullard and some of the others indicates we're getting closer to a rate hike.
What's most important in my eyes is people are looking forward to employment next week. As long as we hold above 2, 000 (in the S&P) there's no reason to panic.
Once again, it's a very strong underlying bid in the market that we've seen in the last six weeks.
I think it's adding to the volatility, especially with the results of the meeting more dovish than expected, countered by commentary more similar to what we expect.
You've got a combination of a pivot in a long-term run in both the dollar and oil and that's going to pressure equities.
This is a great accomplishment of our democracy.
When he went to Washington, he kicked some serious butt. He was an action hero when he went to Washington. We need John Kasich to now take charge and be at the White House. And this is why I endorse John Kasich, our great governor, to be our Republican nominee and to be the next president of the United States of America – the greatest country in the world.
I am officially the Terminator 2, the Governator 2. For the first month I slept in the jacket, you know.
Snap elections will be a realisation of Putin's plan to destabilise Ukraine. In order to prevent it we have to form a new coalition.
The question is, can we get enough lift to push above 1,940 (on the S&P 500) and if we can, we can have a shot at that 1,970 - 2,000 level. You're going to really need buyers to come into the market. ... Short covering can only take us so far.
Oil, China and central banks are our key uncertainties and a lot of that has been mitigated in recent days but we still need corporate earnings (growth).
We had a nice move here. The market is now overbought for the first time in a while.
I think we've had a really, really powerful three-day runup. We're due for some profit-taking and I think that's what you're getting today.
Snap elections are now becoming a reality ... It was incredibly hard work for the government to get laws through parliament even before all of this, but now even more so.
I don't think anyone really believes we've seen the bottom. It's a nice bounce, but it's still trading in the range of those August lows and you can't really call it a rally.
I do think that even just to get a couple of days here with neutral, rather than downward, movement is going to be a positive because it's going to settle some fears. Long-term, the stability of the U.S. economy is really what's at play here and all signs, with low inflation and low oil prices, are pointing to an ability to move forward and move higher.
Given the volatility we've seen in the oil price, even intraday, swings of 3 to 4 per cent, if you are going to see a rebound, this is the kind of rebound you'd expect.
This is not a sustainable rally given the current surplus ... Either the longer-dated contracts need to be lifted along with the front-end rally or the front-end rally needs to fade and fall back.
Many economists believed he would avoid making specific comments about more policy action but as we pointed out, the 3-cent rise in the euro and decline in oil prices since December encourages the ECB head to be characteristically dovish.
Facebook specifically has seen great momentum within their political-related ad spend in recent years, as campaigns and their media buyers have developed an appreciation for the platform's reach, targeting capabilities, as well as its growing tech stack.
At the White House, our digital strategy centers around meeting people where they are. This decentralized approach, in response to the proliferation of social media, aims to provide the American people with a multitude of ways to engage with their government.
They're kind of just algorithms in the sky, they're pretty dumb.
We are moving towards being paid for advice, with new products coming in regardless of the number of transactions the clients are making and so on.
There's a need for this. It makes us see more, it makes us more intelligent investors.
Robo is a logical offshoot of the aggregation business we do. We have the data anyway, so using that data to make efficient investment portfolios is a logical next step.