$SNAP missed estimates on topline revenue with growth of just 6% Y/Y and flat guide for Q4. Snap has consistently blamed macroeconomic weakness for disappointing performance over the last two quarters, but beats by Netflix, Omnicom, etc. call that into question. It's ATT, stupid.
Stocks down. Bipartisanship at a low, WWIII might happen, and Google throws their curveball (expected) to mobile ads… but the Alanis Morissette “Jagged” doc is a cultural refresh and reset for those paying attention #HBOMax#musicmatters#reset
The second price auction efficiency won a Nobel Prize. The element of the third price and the industry’s move to the first price auction… if it was all because of this, yikes
In web2 we talk about “users” and “viewers” being “acquired”
In web3 we talk about “owners” and “members” who “join” and “participate.”
words matter & we’re seeing an ecosystem and language get built around purposeful action in a very cool way.
Smartphones will be edge servers for the array of wearables - Airpods, watches and headsets - that will enable ambient computing and extended reality. This is why I think the dominant smartphone OS co’s are well positioned for the next computing paradigm.
https://t.co/xu6l91mpNK