Rome Thorndike’s Post

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VP Growth at Firmograph.ai | Automated account planning at scale | Find the right people, at the right companies, at the right time 🎯

Snap Inc. has lost -$11 billion since going public, and their market cap is only $17.5 billion. 💸 They’ve had only one profitable quarter since their 2017 IPO. 📉 Revenue has been stagnant since 2022, while gross margins keep declining. Yet instead of bolstering their core business, and serving ads more effectively, management is investing more in hardware with AR Spectacles. If Snap doesn’t address their foundational issues soon, they might run out of resources for any initiatives. Including their core business. For Snap users, have you noticed any improvements in the social experience that could turn this around? Or should leadership rethink their strategy? 🤔

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