Snap is ‘quickly running out of money’

I know how Snap can save $500 million per year: his name is Evan Spiegel.

The CEO famously rejected stock options comp for a ridiculous annual salary of one half a billion USD.

Snap Inc. stock slid more than 5% on Tuesday morning after an analyst said the Santa Monica company behind the Snapchat video-messaging app was “quickly running out of money” and may need to raise new funding next year.

— Read on www.latimes.com/business/la-fi-tn-snap-snapchat-money-20181009-story.html

Bishop to King Seven, Checkmate

Sebastian

I’m just re-watching Blade Runner for the nth time (captions on) and I noticed the quote from when Roy first meets Sebastian.

“Gosh, you really got some nice toys here.”

Goshyou really got some nice toys here” is what the subtitles say, at least in the Final Cut edition. I haven’t checked elsewhere, but Google Books says that’s accurate.

Here’s the citation:

https://books.google.com/books?id=3oy5RyfQ27YC&lpg=PT74&ots=IdPWXq6uaW&dq=gosh%20you%20really%20%22got%20some%20nice%20toys%20here%22&pg=PT74#v=onepage&q=gosh%20you%20really%20%22got%20some%20nice%20toys%20here%22&f=false

 

 

 

Snapchat Leaving Venice

I’d heard rumors, but that’s it.

Well, it turns out the rumors are true.

The tech company, founded in Venice in 2011, is vacating a large chunk of its Venice network of office space for a location in a corporate office park in Santa Monica.

This may actually serve as one final “fuck you” to the Peoples Republic of Venice, as the move will undoubtedly create a vast surplus of vacant office space. Five years’ of rising rents has taken its toll on the neighborhood’s character. That increased cost of doing business has forced out dozens of local businesses (not to mention my local beer garden). Okay, so I have an axe to grind.

The company is planning to move to an office complex adjacent to Santa Monica Airport. I wonder if the corporate leadership will benefit from the accessibility of private air travel?

Who knows? Oh, well. Maybe now I can finally start using the app. I hear it’s kind of fun.

via Snapchat Is Pulling Out of Venice, and Gentrification Activists Are Overjoyed ~ L.A. TACO