Tuesday, November 29, 2016 8:33:33 AM
Valuations in the online social space run from extreme to extremely extreme--lolololoolol.
In 2014, Snapchat was valued at $10 billion despite not earning a dollar in revenue.
Fast forward to today and we find Snapchat's valuation ranging between $25 to $40 billion despite continuing monetization weakness.
Peeks on the other hand has generated revenue from day 1.
Itwaru is a commerce man first and social guru second but they run pari passu.
Having a cool, monetizable platform means nothing if you have no users.
To this end, the Peeks model has been derisked with the additive of steadily transitioning Keek users.
Keek has 75 million registered users.
Granted all those users are not active but there's still plenty of users to give Peeks a monetization boost especially with the advent of the disruptive offerbox.
Added to this is natural organic growth.
Adding even more is a bevy of social influencers promoting Peeks to their mass of followers.
In other words, Itwaru is not worrying about users because his plan is already in place.
He remains focused on a social commerce thesis of not just bringing home the bacon but bringing the entire piggy.
He has created quite the Social Commerce piggy bank.
He owns his payment processing technology so he doesn't need to share with any third party tech company but rather shares only with the user whether they be consumer or merchant.
So what's Peeks worth?
A whole heap more than where its trading at today.
I remain a long and committed shareholder.
http://fortune.com/2014/08/27/snapchat-doesnt-need-new-money-even-at-a-10-billion-valuation/
What if Google and Facebook got it all wrong? | VentureBeat | Commerce | by Soeren Stamer, CoreMedia
venturebeat.com › 2016/11/26 › what-if-...
3 days ago - ... of our era. But what if they got the core of their business wrong? ... What if Google and Facebook focused on the wrong monetization strategy from a long-term perspective? What if ads are ...
Read more at http://www.stockhouse.com/companies/bullboard?symbol=v.kek&postid=25525984#hUdXPfEGDPhVMOiS.99
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