> I don't know why everyone is hating on Snapchat.
What is the possible business models? Just because something is popular doesn't mean it is a good business. No one has figured out how to effectively monetize chat going all the way back to the IRC / ICQ days (or even farther back to BBS systems). Chat has always been very popular, but no one has figured out how to make a business out of chat. If snapchat was working on that problem, it might be more respected in the startup world.
But now, the key part of Line’s massive revenue growth now is in gaming. The games part of Line’s business now makes up 60 percent of their revenue, followed by stickers, which make up another 20 percent of their sales. Then there are sponsored accounts and merchandising, which is pretty minimal.
What is the possible business models? Just because something is popular doesn't mean it is a good business. No one has figured out how to effectively monetize chat going all the way back to the IRC / ICQ days (or even farther back to BBS systems). Chat has always been very popular, but no one has figured out how to make a business out of chat. If snapchat was working on that problem, it might be more respected in the startup world.