TechCapon



On the 21st of February 2018, Kylie Jenner dropped a damaging tweet that caused a big damage to Snapchat. She tweeted. “sooo does anyone else not open Snapchat anymore ? Or is it just me… ugh this is so sad.” Instantly, the company lost $1.3 billion in market value and it’s share dropped 6%. Not only that, the tweet went viral and bloggers had a field day launching more embarrassing attack on the company. Kylie Jenner used to be the queen of Snapchat but one tweet from her killed the company.

That is just a tip of the company’s long list of troubles. After the CEO of Snapchat Evan Speigel turned down a second offer from Mark Zuckerberg to sell the company in 2016, it looked like he made the right decision. Snapchat’s parent company Snap went public in March 2017 with a valuation of $24 billion.

After that, Mark Zuckerberg started copying some of Snapchat features an bringing them into Facebook. That move made Facebook a big threat and competitor to Snapchat. Ever since, Snapchat’s daily user seems to be on a steady decline and the company’s value as of December 2018 is less than $5 billion.



Adding insult to injury, Snapchat redesigned the user interface. A move that greatly angered it’s shrinking user base to the extent 1.2 million users signed a petition in protest. The users called the new design “annoying” and asked that the company goes back to it’s former design.
“The whole thing is an absolute mess ! People are not using Snapchat anymore and on top of that you’re getting a public celebrity backlash.” Says Scott Levy, CEO of social media company Fuel online. Instagram stories, which function exactly like Snapchat is attracting hundreds of millions of users worldwide.

“A lot of my friends are saying they’re going to delete it. The new design is so ugly and difficult to understand,” said Claire Patcher, a 16 year old student. It’s so obvious that the company did not do their homework properly. They are fast losing relevance in the industry and newer apps like TikTok are fast taking over. No one knows how the company plans to recover from this mess but one thing is certain. They should have sold the company when they had the chance. The year 2019 doesn’t look to bright for the company as Snapchat said in a statement. “The new design is here to stay.”

source:https://techcapon.com/kiss-of-death-why-snapchat-may-not-survive-2019/

L

Who cares?

well he should have sold it to zukerberg, facebook and google have a good reputation of growing small companies they buy!!(like whatsapp or android)
Unlike that company that uses the forbiden fruit as their logo!! Techcapon is shamzam still alive Ever since i heard apple bought it i knew the same thing that happened to beats by dre might happen to them!!

PhenomenalMorgan:
well he should have sold it to zukerberg, facebook and google have a good reputation of growing small companies they buy!!(like whatsapp or android)
Unlike that company that uses the forbiden fruit as their logo!! Techcapon is shamzam still alive Ever since i heard apple bought it i knew the same thing that happened to beats by dre might happen to them!!

Shazam is still alive but I don't know what plans apple has for it's future. Yes he should have sold it to Zuckerberg and still work as the director of snapchat under Zuckerberg

TechCapon:
Shazam is still alive but I don't know what plans apple has for it's future. Yes he should have sold it to Zuckerberg and still work as the director of snapchat under Zuckerberg

but we can safely say that beats by bre is almost dead, Apple sef ehnn

A small girl like Kylie almost a billionaire in $, the richest and the last born!

Is for them who are using it.. Is for ladies. Some of them will use it and be looking like aliens from d other side of the world

Please let it die. I fvckin hate that shít

Ever since the new update I rarely use SC anymore. Consumes hell of data and space. Just deleted the thing.

wetin concern me. I ve never used snap chat, and I certainly never will

TikTok is taking over social media.

China is taking over the world.

In case you haven't heard about TikTok, the app is the latest in town with over 500million monthly user influx!

Who owns TikTok

TikTok is owned by ByteDance. ByteDance is a Chinese Tech Startup founded and owned by 35-year-old Zhang Yiming from China.

The company is worth over $70billion as at today, China China

never liked it for once

Just like me the king of Nairaland...if I should make a demeaning remark about Nairaland; watch seun's fortune plunge south (from 4million+ users to 10thousand users)...But I'm not that heartless.

Facebook either acquires or kills competitor.

Whats snapchat

The computer geek will never take this opportunity!

Mizk:
It is the app that brought alot of new madness to social media, it has done more harm than good, with girls craving to be lower animals, with ears, whiskers and fur, tongue out like a dog, flowers on thier hair like they're selling ugu leaves even able bodied men too , then the most annoying of all is the short video skit they make with it, good riddance to rubbish.

As in ehn. The ugu leaves own na im dey vex me pass for the whole thing

Snap chat na food?

Doesn't Snapchat have Awesome UX Designers? They should come and Hire me

I don't for once like snapchat

franchasng:
TikTok is taking over social media.

China is taking over the world.

In case you haven't heard about TikTok, the app is the latest in town with over 500million monthly user influx!

Who owns TikTok

TikTok is owned by ByteDance. ByteDance is a Chinese Tech Startup founded and owned by 35-year-old Zhang Yiming from China.

The company is worth over $70billion as at today, China China

Yeah, its an upgraded version of vine.

A meme generator

I'm I the only one that doesn't even know what the Snapchat app interface looks like?

If you've never used this app before

Gather here let's take pictures

Don't even know how the app looks like sef.
These are my social media apps in order of intellectual impact
Reddit
Quota
IG
Nairaland

Snapchat, I don't even know how to use it. Downloaded it out of curiosity once but deleted it the next day, looks lame to me. I'll go Insta anyday.