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They've already gone through Chapter 11 once and became property of their creditors.
Investing General Discussion
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Sanrith Descartes
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Nope. That was the INTC trade too. The secret was to sell it before earnings.
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Sanrith Descartes
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Sanrith Descartes
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Sanrith Descartes
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Buckle up boys. META earnings tomorrow plus Janet Powell and then Thursday we get AAPL, GOOGL, AMZN.
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Sanrith Descartes
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Big Phoenix
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Sanrith Descartes
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I honestly hate the shit. It allows kids to hid way too much shit from parents. And unless you get all your kids parents to agree to scrap it, you make your kid a pariah because it is the only chat app they use.
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ShakyJake
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Sanrith Descartes
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Its a chat app that deletes the texts after xx seconds. If you parent a teenager You dont need much imagination to see why this is no bueno.
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Think about it this way.
Once you give your kid internet access, there are only two outcomes. Either:
Your kid is smart enough to evade whatever restrictions you place on their internet usage, making them pointless.
Or
They're not, and you now have to admit you have a stupid kid.
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ShakyJake
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Why the hell would that be a feature? Other than allowing the user to perform clearly mischievous stuff.
Sanrith Descartes
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"allowing the user to perform clearly mischievous stuff." - Exaclty
"Why the hell would that be a feature? " - Its not a feature. Its the only purpose the app has.
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Captain Suave
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Read those two sentences next to each other. If it doesn't make sense, try again.
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Big Phoenix
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The app's entire purpose is for sending and receiving sexual/illegal messages/pictures with no paper trail for random people to stumble upon.
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This is the same as the "why do you need encryption if you have nothing to hide from the government?" argument.
aka a bad one.
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For the same reason people were just complaining about the other big tech companies. In a market where everyone is stealing and selling your data, being inherently privacy focused is a niche.
It should be subscription-based, even if the subscription is cheap. That would make it way harder for kids to use it, and generate way more revenue.