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Snapchat app, said it expected to spend $1 billion over the next five years to use Amazon's cloud services, in addition to the $2 billion cloud contract it already has with Google
>3 billion in the hole
>losing 500 mil a year and will likely never make a profit
>they seriously expect us to buy their shitty stock
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>>1787211
Meh, who cares. Still made millions for the investment banks involved in the IPO
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At least they're trying to monetize their platform. In starting to see way more sponsored content and its pissing me off.
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buy the initial run then short
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>>1787337
Until you're an advertiser :)
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>>1787211
>a lens ad costs almost a mill a day
>literally have every major magazine hooked in
>major userbase that is likely to not fall for some time
How the fuck are they not making money?
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