Forget history, here’s “my story” – SNAPCHAT!

snapchat

Nobody over 30 gets Snapchat!

Like nobody over 30 got Woodstock, or punk rock or any other self-defining trend of the past 1000 years. I am quite sure that back in the 1730s or the 1510s, there were “snapchats” that made sense to those using them, as their way of stating who they were and how they talked to each other.

The question that people should be asking as they stop to consider Snapchat’s current multi-billion pound valuation – is whether the IPO can buy them more than a disappearing ten seconds of value. I’m not being a boring old fart and poo-pooing a pop trend as the folly of youth.

Punk was for me a way for me to get an identity distinct not just from those older than me, but from those around me. I was my image as a 16 year old, I had the haircut, the clothes, the music and the attitude, I defined myself by these things, most of which I borrowed from the New Musical Express, Sniffing Glue and a couple of friends who went regularly to London (the Kings Road).

The way snap chat works is simple, you start by taking a snap on your phone, you add some chat (if you like) and you share your identity statement with a friend or friends. The most durable aspect of this is that you are building up a story of your day, which you can look at when its finished so that you can make sense of it.

Then it all goes away and you start again, because you want to live in the present, not your past.

Put the snaps together and you have your story, your identity is your snapchat story. That’s who you are, and if you are 16 and trying to find that out, snapchat matters to you.


Hands off it’s my story

The great value of your Snapchat story is that it is “yours”, your pictures, your narrative and it’s entirely free of intervention by those trying to educate you to be something else.

Thankfully, those who are constantly trying to shape our children into being financial automatons, assiduously saving for the future, managing their credit scores and avoiding reckless expenditure have not got snapchat.

It is however , only a matter of time , till they do. I predict that the moment that the financial education/empowerment/well-being brigade arrive on snapchat, will be the moment for the youth of tomorrow to reinvent their ways of defining themselves.

In the meantime, the only decent thing for people over the age of thirty to do with Snapchat, is to let it be. It’s full of crappy stories from people who want kids to redefine themselves their way. You might think you’re reaching out , but this is what your kid’s hearing

When I’m drivin’ in my car
And a man comes on the radio
He’s tellin’ me more and more
About some useless information
Supposed to fire my imagination

You might think you’re doing your kid a favour but this is what he’s saying

When I’m watchin’ my TV
And a man comes on to tell me
How white my shirts can be
Well he can’t be a man ’cause he doesn’t smoke
The same cigarettes as me

And you want to know what’s going on in that kid’s head?

When I’m ridin’ round the world
And I’m doin’ this and I’m signing that
And I’m tryin’ to make some girl
Who tells me baby better come back later next week
’cause you see I’m on losing streak

What Snapchat is , is a place where kids can find out what they’re like with other kids. It’s a place where sex and money and information and all the stuff Jagger was trying to get his head round, are there in front of you. There but not there, available but only on someone else’s terms.

Sorting all this stuff, prioritising it around, is the way kids define themselves and it isn’t helped by people selling satisfaction (or holding it back). Snapchat, helps make sense of things to kids, that is why it is so valuable. It is valuable right now , today, it does it better than just about anything else which is why it is the hottest social media out there.

I predict it will be destroyed, as all the other trends of the past thousand years have been destroyed by kids reinventing the way they choose to define themselves, shaking off the outside interference of those selling them crap – and that includes people like us selling financial literacy.

Snapchat will be history when it becomes somebody else’s story, right now – for millions of youngsters it is “my story”. Let it stay that way.

About henry tapper

Founder of the Pension PlayPen, Director of First Actuarial, partner of Stella, father of Olly . I am the Pension Plowman
This entry was posted in pensions and tagged , , , , , . Bookmark the permalink.

2 Responses to Forget history, here’s “my story” – SNAPCHAT!

  1. DaveC says:

    Twitter is swirling the toilet, MySpace disappeared off the radar.

    All the tech bubble busts were predicated on the same footfall nonsense too.

    Even when Twitter IPO’d I knew it’d fail, not quite so undramatically, but all it did was host user data and push adverts.
    Facebook are the same, just like MySpace.
    Ad revenue is tenuous at best, more so when people are blocking more and more ads, and the more intrusive ads become the more users move to the ‘new’ free sites.

    It’s just a matter of time. Facebook and Twitter haven’t had to ride through a market correction yet, they grew on the tails of the 2008 >> blind faith free money train.

    I’m not sure if you read Wolf Street? It’s mostly all facts and logic and very little sensationalism or junk news, so it’s worth my time.

    http://wolfstreet.com/2017/02/03/snap-ipo-not-just-toxic-financial-results-third-class-non-voting-shares/

    Silicon Valley has been pumping this balloon for nearly a decade.
    It’s getting very ripe.
    King worth billions so people can play games they had for free in the 90s and 00s on consoles and PCs, without micropayment hell.
    Snapchat worth billions so you can send a picture or message and get advertised at? Email anyone?

    Hypey McHypeface!

    Liked by 1 person

  2. henry tapper says:

    Yes, that’s just about the tone adopted by my Dad when commenting on my musical tastes as a teenager! It’s good to know that the older generation still knows best Dave!

    Like

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