The big con: How tech companies made a killing by fudging their numbers
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In May 2015, Snapchat cofounder Evan Spiegel sat onstage at a tech event and said his app was "approaching" 100 million daily active users in developed markets.
He was wrong — or, well, he exaggerated. In June 2015, Snapchat averaged 89 million daily active users overall, per Snap's S-1 filingHeadlines at that time said otherwise.
Spiegel, in the midst of getting grilled by reporters Walt Mossberg and Kara Swisher, was answering the same question posed to every tech company: How are your numbers?
Silicon Valley was built on metrics: users, time spent, pictures uploaded, etc. These numbers made even young startups look like they could conquer the world and make billions of dollars along the way. Read more...
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COntributer : Mashable http://ift.tt/2DNKvEP
The big con: How tech companies made a killing by fudging their numbers
Reviewed by mimisabreena
on
Friday, January 19, 2018
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Reviewed by mimisabreena
on
Friday, January 19, 2018
Rating:
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