Guest of opening a high-tech conference, Evan Spiegel spoke about the future of Snapchat, its IPO and the “bubble” in the technology sector.
Why Snapchat Application Does forces users to hold the thumb when watching videos or open a photo? Many, including its CEO Evan Spiegel, ask the question. Guest of opening of the Conference Code Tuesday, he acknowledged that the feature, originally implemented to prevent – unsuccessfully. – Users take screenshots, became obsolete
“It’s a huge commitment factor,” he says. “To watch a video on Snapchat, You really need to hold the phone and keep your thumb on it. But this prevents long view videos on our service, because it’s a bit painful to keep its finger on the screen as long, “admits Evan Spiegel. This brake Snapchat could therefore disappear in the future.
The young 24 year old CEO also spoke about the state of the US high-tech market, characterized by record fundraising and always bigger valuations for unlisted companies. Evan Spiegel is among those who think that this is a “bubble” and that it will eventually burst. “This is the result of easy money policies. When interest rates close to zero or negative in some countries [...] people make riskier investments. I think there will be corrections. We do not know when, but it’s something we take into account in our growth plans. “
Snapchat is precisely one of the most often cited example companies in the debates around return or not of the “bubble” Internet. The company founded in 2011 is part of the “Billion Dollar Startup Club”, these 94 companies (mostly American) not publicly traded but whose value already exceeds one billion dollars. Since its rejection of the bid by Facebook to three billion dollars in November 2013, Snapchat conducted three rounds, bringing its total funding raised to over $ 800 million and its valuation at $ 15 billion.
The company, which employs 330 people, may soon get out of this club and become listed. “We have to go public, and we have a plan to do it,” says Evan Spiegel, without giving details on the operation. Snapchat boasts 100 million active users per day.
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