cross pond high tech
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cross pond high tech
light views on high tech in both Europe and US
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Scooped by Philippe J DEWOST
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Facebook IPO versus Snap IPO

Facebook IPO versus Snap IPO | cross pond high tech | Scoop.it
Just looking at numbers :)It’s probably irrelevant to compare those two separeted events. 5 years have passed, there are two times more smartphones and Facebook has successfully managed to become a highly growing & profitable company through incredible strategic moves: Instagram, Oculus, Whatsapp just to name a few.In May 2012, Facebook was valued 104 billions, after having raised 2.5B in venture capital and 16B at the IPO. Many people said it was overvalued. Now it’s easy to say it, but I remember at the time how impressed I was by the moves of Mark Zuckerberg and how obvious it felt to me that Facebook would be worth more than 200B in less than 2 years. It actually happened. And it’s now worth close to 400B.
Philippe J DEWOST's insight:
Must read analysis by Kima's Jean de la Rochebrochard for those who like me are still puzzled by the next mega-IPO
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Scooped by Philippe J DEWOST
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Discover: Snapchat’s New Feature is Genius

Discover: Snapchat’s New Feature is Genius | cross pond high tech | Scoop.it

Snapchat just launched Discover, a feature that lets you switch from your stories to news and entertainment provided mostly by outside publishers like CNN, ESPN, and Vice, but also by Snapchat’s in-house team of journalists and videographers.

It’s beautifully designed, and the user experience is great: Snapchat seamlessly disappears to allow each company to push their custom full-screen experience. Each page teases a story, complete with video and sound, and swiping brings you the article or a full video. It’s gorgeous, and shames the competition. Wait… what competition ?

Discover is not social. And the people at Snapchat say it loud and clear:

This is not social media. Social media companies tell us what to read based on what’s most recent or most popular. We see it differently. We count on editors and artists, not clicks and shares, to determine what’s important.

This actually says two things: first that Discover is 0% social, content is authoritatively chosen by Snapchat and their financial partners (yes it is ad-supported), fed to a captive audience that never signed up for news coverage and has not chosen Snapchat as a media source. Furthermore, it’s a very young audience. This may be the media establishment’s big come back: just like with 1950's television, you don’t really get to choose what you learn and who you trust.

 
Philippe J DEWOST's insight:

This bold move might also attract older users who still haven't found the right sources and interface for mobile news and entertainment needs and might install snapshat just for this reason.

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