Snapchat is about to have a couple of really good years.
The company will see huge gains in the numbers of its U.S. users, according to a new report from market research firm eMarkerter.
Snapchat reports that right now it has about 150 million daily active users worldwide. The company doesn’t break out how many of those users are in the United States, but eMarketer estimates that the app will have about 58.6 million monthly users in the U.S. in 2016.
But those numbers are set to change dramatically, according to the company’s research. The firm predicts that the company will see a 27.2 percent increase in user growth in 2016 and another 13.6 percent increase in 2017.
The report notes that growth will likely stabilize by 2018 with only “single-digit” increases as “the Snapchat audience is expected to be substantially larger than it is today.” Still, that’s a huge amount of growth for a company that is already outpacing Twitter and many other rivals.
The report also predicts that Snapchat, once known for its predominantly teenage user base, will continue to grow in popularity among older users. The app’s U.S. user base is roughly 70 percent millennials right now, according to eMarkerter, but their share is set to go down to just 56 percent by the end of 2020.
That’s good news for Snapchat, which is widely believed to be eyeing an IPO for sometime in the not-so-distant future. But before that happens, the company still needs to prove it can reliably make money and a lot of it. And, as we’ve noted previously, if Snapchat hopes to realize those goals, it will need to both grow and diversify its user base.
Right now, the company makes the bulk of its revenue from advertising think sponsored lenses, geofilters and the adds you see in Discover and a bigger, more diverse set of users will certainly be a boon for both advertisers and Snapchat’s bottom line.
Correction: An earlier version misstated Snapchat’s current user base. The app has 150 million daily active users.Continue reading
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Blogging The Boys (blog)
Around The NFL: What haunts Bill Parcells to this day?
Blogging The Boys (blog)
It has been 30 years, and the coach is still troubled by what cost him a chance to repeat as Super Bowl champions. by DawnMacelli@D_MacBTB Sep 23, 2017, 3:00pm CDT. tweet · share · pin · Rec. Photo by Robert B. Stanton/NFLPhotoLibrary. 1987 NFL …
About a year ago, violent storms hit the Houston area. When the floodwaters receded, Vroom, an online seller of used cars, discovered it had lost more than 100 vehicles, equal to about $3 million in sales. It was a reminder that the two-year-old Web startup faces some of the same challenges as a brick-and-mortar retailer.
Vroom is one of several companies seeking to consolidate the fragmented used-car market. But unlike rivals Beepi, Shift Technologies, and Carvana, which mostly connect buyers and sellers via online marketplaces, New York-based Vroom buys all of its cars, then refurbishes and guarantees themmuch the way a traditional dealer does.
Allon Bloch, the former venture capitalist who runs Vroom, says many Americans who are happy snapping up a $10 shirt online remain leery about going there to buy a car, typically the second-biggest purchase after a home. If a consumer spends tens of thousands of dollars on a car that theyll use for many hours every week and may own for years, we have to make sure the car is amazing both mechanically and cosmetically, says Bloch, who was a venture partner at VC firm Greylock Partners.
Traditional chains such as CarMax have helped improve the used-car buying experience. But many consumers still dread walking onto a dealers lot. Vroom and other used-car e-tailers say they remove the hassle and hard sell. All offer haggle-free pricing, free delivery, and returns within a limited period.
Americans buy 40 million pre-owned vehicles a year, yet CarMax, one of the largest players, has just 2 percent of the market. With plenty of room to grow, Vroom has raised more than $250 million in equity and debt from investors including General Catalyst Partners, Catterton, and John Elway, the former quarterback whos now general manager of the Denver Broncos, the 2015 Super Bowl champions. In 2015 investors poured more than $900 million into used-car e-tailers globally, almost double the amount from the prior year, according to CB Insights.
Vroom is betting it can win over consumers by combining traditional dealership service with the robust selection online shoppers have come to expect. The company specializes in accident-free, low-mileage cars. Its hard to find anything on its website manufactured before 2013. There are more than 35 brandsincluding, recently, an Aston Martin and a few Teslas.
Vroom developed its own logistics software to keep tabs on its inventory of as many as 4,000 vehicles. Bloch says the program helps the companys facilities in Dallas and Houston, where vehicles are inspected and prepped for sale, work as smoothly as a factory assembly line. Buyers get a 90-day warranty, seven days to return the car for a full refund, and one year of roadside assistance. Bloch says his prices are 8 percent lower on average than those of other dealers. After clicking Buy, a customer typically receives her car in less than a week.
Vrooms two facilities process a few hundred cars a day, using algorithms to figure out which vehicles should be loaded onto which truck to be delivered where. The company farms out half the deliveries, but in the next 12 months, Bloch plans to bring the whole operation in-house, so Vroom can move to 24-hour delivery. Of course, that means buying trucks, hiring drivers, and adding facilities, including one opening this year in Indianapolis.
Because its fixed costs are higher than most e-tailers and its prices are cheaper than those offered by traditional dealers, Vroom will need to move a lot of metal very efficiently to make money. The company says it sold tens of thousands of cars last year, generating about $900 million in revenue. Getting the cars out the door quickly is key, because their value depreciates every day they sit unsold. The longer it takes, says Bloomberg Intelligence analyst Kevin Tynan, the less Vroom makes and the less cash it has to buy more inventory or build out operations. Bloch declined to specify a timeline to profitability, saying the company is focused on investing in growth.
In April, another flood hit Houston. At 6 a.m. on a Monday morning, about two dozen Vroom employees braved the rains to move vehicles to higher ground. To identify the most high-risk cars and their locations, the workers consulted newly tweaked software. This time, Vroom lost only about a dozen vehicles.
The bottom line: Unlike rival marketplaces for used cars, Vroom buys and inspects all of the vehicles it lists for sale on its website.Continue reading
City Of Hype
How To Make Money From Starting A Blog
City Of Hype
Many of us always wonder how to make money via blogging. Over time blogging and online presence of every individual has grown considerably. Although most bloggers give up halfway before they make any money. Starting a blog is not an easy task as …
Corning Museum of Glass to host travel blogging conference
My Twin Tiers.com (blog)
CORNING, N.Y. (18 NEWS) – The largest international travel blogging conference will be coming to the Twin Tiers next year. Travel Bloggers Exchange announced today that it will be hosting it's 2018 North America conference in the Finger Lakes region, …
ABC does a lot of painstaking work to make look like a fairytale. They show us limos and helicopter dates, beautiful people with overprotective families whose biggest flaw is that they’re a single parent or have a glass of wine too many on camera. What they don’t show is the seedy underbelly: how producers provide copius booze and little food to get ‘the best’ storylines (re: drunk contestants), how short the ‘seasons’ actually are (they refer to each date taking place in a different ‘week’ which, lol, no), and how non-romantic and manufactured the whole process is. Read on for the juiciest behind-the-scenes insights I’ve gathered from the most loose-lipped members of #BachelorNation.
“You spend so little time with the person you choose before the final rose ceremony. I would say you probably spend about 72 hours tops with the person you wind up choosing, and 12 of that is spent ‘sleeping’ in the fantasy suite. You can’t really get to know a person in that time frame.” — Ali Fedotowsky
“I lost hair, got down to 92 pounds, and formed an anxiety disorder.” — Jillian HarrisContinue reading
The tournaments stuffy image is disappearing as the All England Club tries to modernise and attract a younger, more diverse crowd to SW19
The stage is set. The actors primed. At Wimbledon everything has been Championship ready since last Saturday. The grass has been trimmed to precisely 8mm. The flowers are perky and flushed with life. And the food including 27,887kg of Kent strawberries is waiting to be plucked, packed and delivered. Now everyone is counting down to the moment that itchy tingle of anticipation morphs into a roar as Andy Murray steps on to Centre Court to defend his title and begin the 131st edition of the greatest tennis tournament in the world.
It seems scarcely believable that the first Wimbledon tournament was held in 1877. Or that it was only held so the All England Club could pay for the repair of the pony roller needed to maintain the lawns. The event attracted 22 players who paid one guinea to enter and the winner, Spencer Gore, received 12 guineas in prize money and a silver challenge cup. In 2017, the men and womens singles winners will pocket 2.2m each.
In the intervening 140 years, many of the traditions have stayed largely unaltered. Strawberries, for instance, are synonymous with Wimbledon because the early tournaments coincided with the short summer season. The insistence on predominately white clothes too. Of course its vibe, which describes itself as tennis in an English country garden, is still hugely successful. Yet it has also realised that tradition while important only gets you so far. And during the past decade or so, Wimbledon has quietly modernised, democratised and been lighter on its feet as it has moved into new markets.Continue reading
For those cursing the unseasonable November chill, theres an ominous sign up north. It suggests this winter will be long and cold, according to one eminent scientist.
Hes the father of the Siberian Snow Theory. In a nutshell, he argues that the more snow covering the ground in northern Eurasia, the colder we can expect it down below. Sadly, Siberia is looking pretty white already.
Judah Cohen, a renowned MIT climatologist, has been working on this theory for 17 years, despite skepticism from some U.S. government weather experts. Cohen, who figures his theory has been right 75 percent of the time, spies all the makings of an early, cold winter.
This year, we have had this very textbook situation, Cohen said.
The first blast of Siberian-spurred cold could come in December this year, instead of the usual January, according to Cohen, director of seasonal forecasting at Atmospheric and Environmental Research,a unit of Verisk Analytics, which works with governments and financial-services and insurance companies.
While it isnt certain where the frigid air will land — North America, Asia or Europe — Cohen is predicting cold will envelop more of the U.S. than government forecasters expect. Cold, rain and snow could extend from the upper Great Plains to Florida.
Holiday travelers will hope he is wrong, as will retailers who rely on last-minute shoppers who could be deterred by snow and slush. But those who make money from natural gas, whose price dropped because of warm weather, may be in for a treat.
If he is right that would be terrific, said Teri Viswanath, managing director for natural gas at Pira Energy Group in New York. I hope hes right.”
Viswanath isnt betting on it because of conflicting weather models. For example, the Tuesday forecast for Dec. 2 to Dec. 6 called for much of Canada and the eastern U.S. to be warmer than normal, according to MDA Weather Services in Gaithersburg, Maryland.
Since he was a graduate student, Cohen, who grew up in Brooklyn, has explored the connection between snow in Siberia and weather throughout the temperate regions of the northern hemisphere.
Cohen charts a kind of chain reaction. Climate change melts ice in the Arctic Ocean, resulting in more moisture in the atmosphere. That leads to more snow covering Siberia, which reflects sunlight — and warmth — from the terrain.
This chill sends energy toward the Polar vortex, the vast weather system that traps cold air in the Arctic. As a result, the vortex breaks down, sending cold air south, as if a refrigerator door had opened.
Stephen Baxter, a meteorologist and seasonal forecaster at the U.S. Climate Prediction Center in College Park, Maryland, isnt convinced. In a conference call last week to discuss federal forecasts, he called the correlation between Siberian weather and the U.S. “weak.”
On the commercial forecasting side, Matt Rogers, president of Commodity Weather Group LLC, brings up the inconvenient fact of 1998. Blame El Nino, the periodic warming of the Pacific Ocean that often wreaks havoc with global weather.
That year, after that disruption, snow piled up in Siberia — but the U.S. winter was warm. Last year — the warmest winter on record in the contiguous 48 states, Cohens theory missed again because of El Nino.
So I think his Siberian-based prediction could work out, but a 1998 fail is still a huge risk, Rogers said.Continue reading