How Snapchat Joined the Publics Good Graces
One of the biggest modern day social media players, Snap
Inc, the company behind Snapchat, has announced that they will become a public
company. This mean shares in Snapchat
will become available to investors. The
goal of an IPO (Initial Public Offering) is for businesses to raise capital,
typically to expand their business.
While
browsing the internet, I happened upon an article on “The Economist” site
titled, Snap’s IPO will be the largest in
years, this attracted my attention as it was a headline on a major news
site. A passage I found especially
interesting is as follows, “When Snap, Snapchat’s parent company, goes public
at an expected valuation of $20bn-25bn—the IPO is expected in March—its market
debut will be the most closely watched since Alibaba, a Chinese e-commerce
giant, floated in 2014.” (The Economist).
This passage shows a significant change in the way that Snap,
specifically their product Snapchat, is viewed in a mainstream light.
When
discussing new technology it is important to look at the work done by Nancy Baym.
Baym wrote an article, Making new media make sense, that
discusses how new technology is viewed by the public when it is initially
launched and how that changes over time, using the internet as example
throughout the article. Many of these
views can be found today in how technology and technology companies are viewed
by the public.
“A 2009
study by market research firm Pear Analytics, for instance, created a category
called “pointless babble” into which they placed 40 percent of twitter messages,
echoing off heard complaints that mobile phones lead to empty conversation,
sustained for the sake of interacting even when we have nothing to say.”
(Baym).
This
echoing based off of complaints is a phenomon that we find in Snapchat, which
initial caught a bad reputation as it was viewed as an application for sexting. This created the need for headlines such as
the ones that follow below.
No, Snapchat Isn’t About Sexting, Says Cofounder Evan Spiegel
Generation App: Why Snapchat is more than just sexting
Snapchat: Sexting tool, or the next Instagram
These headlines show that the
negative image of Snapchat was so intense, articles such as these had to be
written to inform the public about why teens and other users were using
Snapchat. The publics initial impression
was that this was an app for sexting, so its popularity with youth needed to
explained in a way that shed this negative image.
Snapchat may have in part been able
to shed this negative image due to a phenomenon discussed by Baym, that she
calls domestication. This is when, “As
technologies are intergrated in everyday life, they come to be seen as offering
a nuanced mix of both positive and negative implications. Syntopian perspectives view new technologies
as simulateously enabling and disabling.
The extremes may persist, but inbetween we use communication to negotiate
a vast realm of detail, contradiction, and complexity.” (Baym). This is something that can be seen with
Snapchat. While people may still use
Snapchat for sexting, its services have found many other uses throughout its
users day to day lives.
I agree with the points made in
Bayms article, and I think Snapchat is a perfect example of this. While new technology may initially be viewed
in a negative light, if over time more complex uses of said technology are
found, its public image can be greatly improved. This is directly reflected in the tone and
types of article found about the technology in mass media.
Baym, Nancy K. "Making New Media Make Sense." Personal Connections in the Digital Age.
Cambridge, UK: Polity, 2010. 22-49. Print.
"Snap's IPO Will Be the Largest in Years." The Economist. The Economist Newspaper, 04 Feb. 2017. Web. 03 Feb. 2017.
Gallagher, Billy. "No, Snapchat Isn’t About Sexting, Says Co-Founder Evan Spiegel." TechCrunch. TechCrunch, n.d. Web. 03 Feb. 2017.
"Generation App: Why Snapchat Is More than Just Sexting." GeekWire. N.p., 17 Feb. 2016. Web. 03 Feb. 2017.
Gross, Doug. "Snapchat: Sexting Tool, or the next Instagram?" CNN. Cable News Network, n.d. Web. 03 Feb. 2017.
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