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Snapchat’s biggest problem isn’t Instagram, it’s the constant executive turnover

Snapchat’s biggest problem isn’t Instagram, it’s the constant executive turnover

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  • Snap has a long list of problems in addition to exec turnover - the current Android app is not working for them, they need to attract older users, advertisers still view the platform as largely experimental, and they need to attract more direct response advertisers. In addition, he needs to be more visible to Wall Street.

  • The case against dual class shares has never been stronger. Spiegel alone controls 48.4% of voting power, leaving the board rather powerless to act as they might normally in a situation like this.

    In the early days of Snap, even if Spiegel was not a great and inspiring leader, the company was one of

    The case against dual class shares has never been stronger. Spiegel alone controls 48.4% of voting power, leaving the board rather powerless to act as they might normally in a situation like this.

    In the early days of Snap, even if Spiegel was not a great and inspiring leader, the company was one of the hottest startups in the world. This makes employee retention easier. A series of bungled product changes and a losing battle with instagram have shifted things greatly. Without that momentum, it looks like Spiegel’s shortcomings are magnified and amplified.

  • Their biggest problem is actually Instagram. These executives wouldn’t be leaving if Instagram weren’t crushing them competitively and as a result crushing Snap’s stock price.

  • We could debate for years which of Snapchat’s many problems is most dangerous to the company: Instagram, management turnover, management incompetence, narrow product opportunity are all candidates.

    Instagram benefits from Facebook’s monopoly power, including many network effects that act as concentric

    We could debate for years which of Snapchat’s many problems is most dangerous to the company: Instagram, management turnover, management incompetence, narrow product opportunity are all candidates.

    Instagram benefits from Facebook’s monopoly power, including many network effects that act as concentric walls. Snapchat barely has one network effect ... and it is in a category where Instagram has the same network effect at much larger scale.

    If I were a shareholder of Snap, I would insist that the company work with DOJ on an antitrust case. Otherwise, it is only a matter of time.

  • “At least 10 people who reported directly to CEO Evan Spiegel have left in the past 18 months” The people, the team, is the most important thing for the strong company.

  • Ultimately, Snap (or Spiegel) doesn't know what it wants to be; the early attempt to reposition itself as a camera company was inspired but a failure on follow through. Spiegel's inability to focus on what Snap is, the product it offers and a concrete vision of its future is now showing, illustrated

    Ultimately, Snap (or Spiegel) doesn't know what it wants to be; the early attempt to reposition itself as a camera company was inspired but a failure on follow through. Spiegel's inability to focus on what Snap is, the product it offers and a concrete vision of its future is now showing, illustrated by its revolving door C-suite.

  • If this is Snap Chat 2.0, start by changing the logo... not at all pleasant to look at. Is it a Rorschach test? and that shade of yellow is completely wrong... just saying, aesthetics always helps.

  • It is actually very popular with a younger generation. If they can wait for all the old people to retire from Instagram they will have a ready made popular app with great user engagement.

  • I don’t see it’s the same story as Twitter in 2016: 1. Snap CEO hasn’t changed at all; 2. Twitter always matters as a public media tool, while Snapchat is still like a niche player. That matters in stock market performance.

  • The Twitter comparison is a good one....except Twitter was not saved by sudden fusion of sensible management. It was saved by a raging, impulsive President in the White House who tweets instead of governs.

  • Fundamental Analysis is also affected by the companies management.. hope to see someone take the right job and bring Snapchat to where it can be