August Holdings

[August Holdings @augustholdings]

THREAD: How a disappearing-photo app turned down $3 billion, survived Instagram copying it, Apple breaking its ad business, and Wall Street writing it off, then quietly built a platform for nearly 1 billion people.

A deep dive into $SNAP, its history, and the people behind it.

[August Holdings @augustholdings]

The complete history, from the $3B offer to Specs, is now published as the definitive $SNAP deep dive on Substack.

Twelve years of decisions, near-death moments, and the quiet rebuild that took Snap to nearly 1B people, told in full for the first time:

https://t.co/BgmIAbJxXN

[August Holdings @augustholdings]

THREAD: How a disappearing-photo app turned down $3 billion, survived Instagram copying it, Apple breaking its ad business, and Wall Street writing it off, then quietly built a platform for nearly 1 billion people.

A deep dive into $SNAP, its history, and the people behind it.

[August Holdings @augustholdings]

Today the numbers look different. 477 million daily users, nearly 1 billion monthly, 350 million using AR lenses every day, 24 million paying for Snapchat+, and positive free cash flow for the first time since the IPO.

[August Holdings @augustholdings]

For a more in depth analysis of $JD, take a look at August Holdings recent Substack writeup. 11/11

https://t.co/EYCxTzVOB9

[August Holdings @augustholdings]

Strong growth, a $2.5b European bet, and a costly food delivery war with Meituan. $JD strategy is shifting fast, here is what you need to know ↓

[August Holdings @augustholdings]

JD’s €2.2B bid for CECONOMY, alongside the Joybuy rebrand, signals its ambition to accelerate European expansion.

However, its simultaneous instant retail battle with Meituan in China may pressure margins in the near term. 10/11

[August Holdings @augustholdings]

Saudi investor Prince Alwaleed increased his stake in $SNAP to 2.8% in September.

https://t.co/N5wDoyMqmW

[August Holdings @augustholdings]

Mkt cap/daily active users (DAU)
$SNAP $27.6
$RDDT $330.5
$META $517.2

Rev(Q2)/DAU
$SNAP $2.9
$RDDT $4.5
$META $13.7

Mkt cap/monthly active users (MAU)
$SNAP $13.9
$PINS $38.1

Rev(Q2)/MAU
$SNAP $1.44
$PINS $1.72

*Reddit and Meta don’t report MAU, Pinterest doesn’t report DAU.