23 Yr Old Snapchat CEO Turns Down 3 Billion Offer From FB

KingdomFlatbush said:
Update is trash

Worst UI ever

An entire screen dedicated to ads and sponsored content lol
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they had to do something, to show they were integrating advertising more into the platform...it's a fundamental problem for all these services where your consumer IS kinda the product, i think snapchat will likely stick around, it probably won't quite have the trajectory many thought it might; even with the changes it still offers something different than fb/ig and that might be enough to keep it around...

i feel like this vid does a pretty decent job illustrating some of the issues, beyond the somewhat confusing ui...just being able to be found or have your 'content' be seen is a fundamental issue for some people on snapchat and why ig stories works



slighted said:
It's like they wanna push everyone to IG.
Spiegel must be sprung off Miranda Kerr and signing off on everything.

:lol:
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from what i've read, he has always been of the steve jobs school, maybe even more hands on...supposedly he does have to explicitly sign off on everything (or at least the things he cares about)...and ultimately probably why he didn't want to sell...he turned down the 3 billi and is supposedly now worth around that much running the company pretty much the way he sees fit, as opposed to selling and maybe having to cede some control or at the very least be subject to having to entertain others opinions about what he should do...
 
I have a buddy thats started there preIPO and he's just sticking around until he's fully vested lol

I hate the new app layout
 
Kylie Jenner Tweet Wipes $1.3bn off the Stock Market Value of Snapchat
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http://www.bbc.co.uk/news/business-43163544

Reality TV star Kylie Jenner wiped $1.3bn (£1bn) off the stock market value of Snapchat after tweeting that she no longer used its messaging app.

Celebrity Kim Kardashian's half-sister posted: "sooo does anyone else not open Snapchat anymore? Or is it just me... ugh this is so sad."

Snapchat's share price sank after Ms Jenner's tweet about its re-design to her 24.5 million Twitter followers.

One million people signed a petition demanding Snap roll back the change.

After dropping almost 8%, shares in Snap closed 6% down on Wall Street, and are now back near the $17 price at which the shares were listed when the company floated on the stock market.

Snapchat is facing intense competition from Facebook's Instagram - especially for celebrity users - and Ms Jenner's attack comes at a time when investors are already worried.

Ms Jenner later tweeted a follow-up: "still love you tho snap... my first love".



Snapchat has rejected complaints about November's re-design, with its boss Evan Spiegel saying earlier this month that users just needed time to get used to it.

Mr Spiegel had something to soften the blow, though, with news on Thursday that his total pay last year was a staggering $637.8m.

It is thought to be the third-highest annual package ever received by a company's chief executive.

The remuneration was, however, heavily boosted by the award of shares when the company listed on the stock market.

Mr Spiegel's basic salary for last year was a more modest $98,078.

The package trails the 2007 and 2008 compensation for Daniel Och, head of hedge fund Och-Ziff Capital Management.

He received annual packages of $918.9m in 2007 and $1.19bn in 2008.
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My snap updated a couple days ago and this is an abomination. I have no idea what they were trying to accomplish with this, but they failed.
 
Only reason I have Snapchat still is because off the ability to do the face-swap with pics from your photo album. Unless anyone rocks with a stand alone app for that? :nerd:
 
Snapchat camera > all cameras

Everytime I take a pic with another camera it flips or doesn't look the same as when I hit the take picture button
 
The camera and the fact that all my photos are backed up on there is literally the only reason I even have the app anymore
 
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