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The Transcript

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We write a weekly newsletter of quality quotes from Earnings Calls | Editor: @Skrisiloff | Lead Author: @ekmokaya | Publisher: @Avondaleam |

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linkhttps://thetranscript.substack.com/ calendar_today26-10-2017 23:07:23

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$SNAP CEO back in 2022 on TikTok: "They spent billions upon billions of dollars acquiring users & buying content to subsidize both sides of that marketplace....No startup could afford to invest billions & billions of dollars in user acquisition like that around the world"