{"id":486882,"date":"2017-05-11T13:46:58","date_gmt":"2017-05-11T13:46:58","guid":{"rendered":"http:\/\/juniorminingnews.com\/?p=486882"},"modified":"2017-05-11T13:46:58","modified_gmt":"2017-05-11T13:46:58","slug":"facebook-vs-snapchat-its-not-even-close-2","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=486882","title":{"rendered":"Facebook vs. Snapchat: It\u2019s Not Even Close\u2026"},"content":{"rendered":"
\"Snap<\/a><\/div>\n

By Greg Guenthner<\/a><\/span> <\/p>\n

<\/div>\n

This post Facebook vs. Snapchat: It’s Not Even Close\u2026 appeared first on Daily Reckoning.<\/p>\n

All hail Mark Zuckerberg, king of social media!<\/p>\n

King Zuck’s international repository for washed up memes and abhorrent political rants \u2013 better known as Facebook (NASDAQ:FB) \u2013 has just buried another so-called competitor.<\/p>\n

The best part? Facebook didn’t even need to work for its latest victory. Zuck simply implemented his competitor’s ideas, stepped back, and watched the market newcomer fall to pieces.<\/p>\n

That competitor is Snap Inc. (NYSE:SNAP). Snap just listed its shares on the New York Stock Exchange in March. But after last night’s earnings report, management might be second guessing its decision to go public.<\/p>\n

More on this earnings dud in just a minute. Before we get into the sordid details, I want to show you how Facebook squashed Snapchat long before last night’s disastrous earnings release.<\/p>\n

First, a history lesson\u2026<\/p>\n

Zuckerberg offered Snap CEO Evan Spiegel $3 billion to buy out his company way back in 2013. Spiegel refused. Ever since, Facebook has worked to imitate Snapchat features across its various platforms, Business Insider notes.<\/p>\n

\u201cFacebook finally found success with Instagram Stories \u2014 a blatant copy of Snapchat Stories \u2014 which quickly amassed hundreds of millions of daily users in a matter of months,\u201d Business Insider reports. \u201cIt quickly spread the format to its other big apps \u2014 Facebook, Messenger, and WhatsApp.\u201d<\/p>\n

The results speak for themselves. Facebook bought Instagram for a cool $1 billion in 2012. Thanks to successful new features like Instagram Stories, the app now boasts 200 million daily active users. That’s makes Instagram bigger than Snapchat.<\/p>\n

Which brings us to last night’s disastrous earnings report.<\/p>\n

Despite revealing a bunch of new features like emoji pens and a loop tool this week, actual earnings data couldn’t save the hip kids over at Snap HQ.<\/p>\n

Keep in mind, Snap isn’t exactly a value play. Investors were looking for breakneck growth. In the social media world, that means more users. That’s why Snap failed its first test as a public company in spectacular fashion. As a brand new stock, investors wanted proof that the company was still putting up crazy growth numbers.<\/p>\n

But growth is already slowing for Snap. The app added 8 million new daily users during the first quarter. That’s a year-over-year growth rate of 36%. At this time last year, Business Insider notes that Snapchat was growing its daily average users by 52%.<\/p>\n

Snap shares are down more than 20% in pre-market trading. Just as the IPO market is starting to come out of hibernation, SNAP is cracking in two.<\/p>\n

Sorry, millennials. Your hot new stock just took a long walk off a short pier.<\/p>\n<\/p>\n

Remember, SNAP traded nearly 50% above its initial pricing back in March even as an analyst slapped the stock with a downgrade right out of the gate. A dismal price target of $10 per share didn’t deter a single speculator.<\/p>\n

Never mind that no one older than 25 can give me a clear explanation as to how Snapchat operates or why it’s so popular. Everyone wants \u2026read more<\/a> <\/p>\n

Source:: Daily Reckoning feed<\/a><\/p>\n

The post <\/a>Facebook vs. Snapchat: It’s Not Even Close\u2026<\/a> appeared first on Junior Mining Analyst<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

By Greg Guenthner This post Facebook vs. Snapchat: It’s Not Even Close\u2026 appeared first on Daily Reckoning. All hail Mark Zuckerberg, king of social media! King Zuck’s international repository for washed up memes and abhorrent political rants \u2013 better known as Facebook (NASDAQ:FB) \u2013 has just buried another so-called competitor. The best part? Facebook didn’t […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[4],"tags":[],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/486882"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=486882"}],"version-history":[{"count":0,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/486882\/revisions"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=486882"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=486882"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=486882"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}