Snapchat Starts Selling Spectacles | Crunch Report | Summary and Q&A

TL;DR

Instagram introduces three new features to stories, including the ability to add URL links, mention other users, and create boomerangs within the app. Snapchat starts selling its Spectacles through popup vending machines. Nasty Gal, a popular retailer, files for bankruptcy but hopes to emerge stronger.

Key Insights

• ❓ Instagram continues to improve its stories feature to compete with Snapchat's popularity.
• 🎰 Snapchat adopts a unique distribution strategy by using vending machines to sell its Spectacles.
• 😀 Facebook faces criticism for potentially promoting misinformation through its Newsfeed algorithm.
• ❓ Tusk Holdings offers a pragmatic perspective on the potential benefits of a Republican government for certain industries.
• 🤨 Nasty Gal's bankruptcy filing raises questions about the company's future and ability to bounce back.
• 😀 Retailers like Nasty Gal face challenges in a rapidly changing market environment.
• 🧑‍💻 Social media platforms and tech companies continue to evolve their features and strategies to stay competitive.

Transcript

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Questions & Answers

Q: What new features has Instagram added to its stories?

Instagram now allows creators to add URL links to their stories, mention other users, and create boomerangs without using a separate app.

Q: How can users purchase Snapchat Spectacles?

Snapchat Spectacles can be bought through popup vending machines called snapbots. Users can locate these machines using Snapchat's website.

Q: What concerns have been raised about Facebook's role in controlling information?

Many people have questioned Facebook's influence on users' political views, as its Newsfeed algorithm often shows stories based on users' click history rather than accuracy.

Q: What is Tusk Holdings' perspective on the impact of the Republican party on fintech and sharing economy companies?

Tusk Holdings believes that fintech and sharing economy companies will benefit from having a Republican government due to potential changes in lending regulations and worker classification.

Summary & Key Takeaways

• Instagram announces significant updates to its stories feature, allowing creators to add URL links, mention other users, and create boomerangs directly within the app.

• Snapchat launches its Spectacles, wearable smart glasses that work with the Snapchat app to capture and share videos.

• Nasty Gal, a fashion retailer, files for bankruptcy in California but aims to maintain its high level of customer service and come back stronger.