Couldn’t agree more with this statement from Bill Gallagher, author of “How to Turn Down a Billion Dollars: The Snapchat Story.”
“Snapchat struggled a lot with controlling narrative in the media in part because Snapchat’s user base doesn’t overlap that much with Instagram’s user base who cover these things.”
Snap’s first quarterly earnings has taken a toll on the stock, thanks to Facebook and it’s all out assault on the company. User growth was more modest than expected. The company reported an adjusted EBITDA loss of about $188 million during the quarter, a number you find out if you look past the $2.4 billion … Continue reading Snap’s Silver Lining
It has been five years since Facebook got the bargain of the century — Instagram for roughly $750 million. The mobile photo sharing service at that time had mere 35 million monthly active users. It has since added more than 600 million monthly active users. In comparison, Facebook added over 800 million monthly active users. … Continue reading Instagram & Facebook: 5 years later
