Yes, I'm definitely biased against Snap but bias alone doesn't necessarily negate my bearishness. One of the key problems is the demo. Yes, they target the 18-34 crowd, but a whopping 71% are under 25. Furthermore, 77% of college students are daily Snapchatters. I can almost guarantee you that their tastes will change as they grow older.
Then you add the economics of it -- the majority of Snapchatters make less than $50K. With housing and rental prices going sky-high (and we discussed this before), advertisers know that this is a dubious demo who are typically out of the home, but are no longer living off mom and dad's teat.
I think that's the reason why the SNAP IPO has been horrible (among other factors). And because the majority of Snapchatters have less financial means, this motivates them to reward-based social media like Steemit.
Bump, set, spike! At least I tried not to agree with you for once....
Haha! Nah, I enjoy opposing views because it makes me think and keeps me on my toes. And you're right...I knowingly pandered to a biased crowd. I was just being lazy :)