The Razor’s Edge #14: Snap’s Crackling Earnings Pop and The Internet Advertising Space

We break down Snap's upside earnings report and what it means for the internet advertising space, coronavirus plays, the effects of stimulus, and a lot more. Topics Covered 2:30 minute mark: Setting the scene 7:30: Attention Costs 10:00: The Hollywood effect 14:00: Snap's international growth 18:00: The filter issue 23:00: Relative valuation 27:00: Amazon's perfect storm 30:00: Other advertisers' prospects 33:00: The demographic questions 37:00: Stimulus effects 53:00: Shifting spending 59:00: Differing audiences 1:01:00: Twitter digression 1:07:00: How to interpret this earnings season 1:12:00: The Tiktok threat 1:17:00: Recovery risks 1:24:00: Second level effects