SnapChat, an Instagram-esque social media platform that makes pictures disappear in 30 seconds, has had an excellent run for two years. I guess Snap, Inc. feels that is more than enough time to make them feel confident in taking their company public.
In my opinion, SnapChat has taken off with some people; but like Twitter, SnapChat just doesn’t catch on universally like Facebook. Many, including myself, believe it’s too early for Snap, Inc. to go public causing many to be quite nervous about this move for the fledgling company.
Nevertheless, SnapChat’s parent company, Snap, Inc. is making plans to go public in March and a lot of people are not thrilled about this IPO for several reasons:
1) Shareholders won’t have any rights.
2) This is the largest tech IPO since Facebook. Many don’t believe SnapChat is ready and their future as an IPO is shaky.
3) SnapChat is still a young company and profitable revenue doesn’t have a long track record.
4) People are unsure if the Snap, Inc.’s IPO will be like Facebook or Twitter.
5) Snap, Inc. growth is decelerating, yet, Snap, Inc. is reporting conflicting results.
As an individual on the cusp of Gen Xers and Millennials, I have not caught onto SnapChat and don’t have any intention of ever using it.
What’s the point of SnapChat? I mean really???
I like Instagram but I’m not even a big fan of that social medium and Twitter is OK.
I know Twitter, Instagram and, now, SnapChat are supposed to be all the rage.
But, I have to admit that I spend most of my time on Facebook and everywhere else BUT Twitter, SnapChat and Instagram.
For the sake of business, I have accounts on Twitter and Instagram; nevertheless, I have yet to find the reason to use another social media forum. I just can’t do it. I am busy with my children, businesses and the to-do lists never end. I am just not young enough (or bored enough) to spend too much time on social media.
I believe any real entrepreneur will be using social media strictly for promotion then they disappear back into reality like a SnapChat photo.
So, anywho. Tell me what you all think about Snap, Inc. going public? Are you excited, could careless or terrified? Sound off in the comments below! I look forward to hearing from you.
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Peace, Love and Light.
Samantha Dawson is a Web Designer, Graphics Designer, Freelance Writer, CEO of LocStar Revolution, NoVA 24/7 Notary Services and Web Designers and Scribes. In her free time, you can find Samantha reading biographies, watching documentaries on Netflix or spending quality time with her family. Samantha lives in Fairfax, VA with her fiancé and 3 sons.