Why Snapchat is Not Facebook or Twitter

Is Snapchat Similar to Facebook or Twitter? Neither.

When you use Snapchat, you probably think of it as just a social network – similar to  Facebook or Twitter. However, parent company Snap Inc. wants you and investors to think of it in a different way…like Amazon. While the financial indicators from Snap have been lackluster, the social media giant wants its potential investors to remain patient, as its revenue model is still in its infancy. With its upcoming IPO, Snapchat CEO, Evan Spiegel, wants to be compared to Amazon and Jeff Bezos. This is a smart way to try and position Snap. It took Amazon roughly 6 years to become profitable, and more than a decade to really be crushing it. With Snapchat’s slowing usage patterns, zero revenue model and intense competition from Instagram/Facebook, I personally don’t believe they are the next Amazon, but the key for the Snap IPO is to convince enough others that they are. If they do, they will bend and Snap like Reese Witherspoon. (Source: Bloomberg).

 

New Lumos Bike Helmet Has Indicator Lights

If you are a modern day Paul Revere on a bike, this might be your next purchase. Lumos Helmet has developed a bicycle helmet equipped with yellow turn signal lights and red brake lights like one would see on a car. Controlled by a remote attached to the bike’s handlebars, the helmet helps night riders safely get from point A to point B. The helmet was designed by two Harvard graduates (take that MIT) and sells for $169. Meredith wishes these helmets existed before Michael Scott tattooed her with his car – see video here. (Source: Mashable).

Erik Qualman has an idea what will happen to Snapchat. Book this 2018 motivational speaker for your next conference to find out what.

About the Author: Erik Qualman

Often called a Digital Dale Carnegie and The Tony Robbins of Tech, Erik Qualman is a #1 Best Selling Author and Motivational Keynote Speaker that has spoken in 49 countries.

His Socialnomics work has been featured on 60 Minutes to the Wall Street Journal and used by the National Guard to NASA. His book Digital Leader propelled him to be voted the 2nd Most Likeable Author in the World behind Harry Potter's J.K. Rowling. Qualman is a sitting professor at Harvard & MIT's edX labs.

His latest book What Happens in Vegas Stays on YouTube is a Pulitzer Prize nominated work.
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