Reading: http://go.theinformation.com/zYv9TN3S6Fk
Major unicorns of 2017:
- Snap.Inc : IPO expected in March, 2017
- Uber
- Airbnb
- Lyft (predict: acquired by waymo)
Snap vs Facebook
Snap has its own advantages over facebook:
- Growing strongly with a good monetization model. It tries to make profit from existing users, instead of growing user base, as Facebook does.
- Facebook has a more highly polluted community (by spam and auto-generated contents).
- Young people prefer snap since Facebook is growing to be more serious.
- People tend to switch for a more private social network when the current one is too strongly connected.
Facebook is facing serious challenges from Snap.