When Snap, the parent company of Snapchat, recently went public, tech investors rejoiced. But will the startup make good on the hype? But more importantly, will this lead to the resurgence of the IPO market. Jury is still out. Here is why!
Yesterday, Snap (formerly known as Snapchat) went public and raised a whopping $3.4 billion dollars that valued the company at over $24 billion dollars. It was a confluence of events that the public debut of “the camera company” coincided with some personal good news. After a gap of nearly 15 years I am going to publish a book.
Made with Fuji xPro2 and Fuji f2/23mm lens
In light of Apple’s announcement that it was working on “Planet of the Apps” series, in August 2016, I wrote about why I thought Apple should buy Netflix. It led to an enthusiastic exchange of arguments with my dear friend John Gruber. Fast forward to 2017, and suddenly everyone is talking about Apple buying Netflix. Above Avalon’s Neil Cybart published a long analysis of why Apple doesn’t need to buy Netflix.
He makes a great case for why Apple should do it alone and they have the money and resources to get it done themselves. It is a fair point — but there is an advantage to thinking about buying Netflix, and no, it isn’t the usual reasons.
Jason Kincaid, former staff writer for Techcrunch is now pursuing a career in writing comedy. He is an astute observer of the world around us, and I particularly enjoyed his take on Mark Zuckerberg’s memo to the planet.
Tech companies speak in half-truths, so it’s prudent to move past Zuckerberg’s obvious motivations — like assuaging the guilty consciences of his employees — and ask what other forces are driving this change. Could it be that as News Feed trends away from friends and toward undifferentiated news and video, it becomes less defensible? ….
… I say we take him at face value. Mark Zuckerberg needs our help shaping our global future — which, given those 1.86 billion users, will require a lot more transparency on his part. And together, we must be vigilant against the many ways Facebook mechanically conspires against the better angels of its nature.