Sunday, June 16, 2013

Why Wall Streeters Are Falling In Love With Snapchat

According to John Carney Wall Street has long been plagued by a very special type of communication problem: All too often over the last couple of decades, the words and images Wall Streeters have transmitted electronically have come back to bite then in the, umm, assets under management.
You know what I'm talking about. ….Somehow Wall Street never seems to learn the lessons of these moments. Be careful whom you email etc.. .

Suddenly, this summer, many seem to have found that Snapchat is the best way to do this….  Of course, as Kenneth Roose points out, there's no real way to measure this. All the evidence is anecdotal. And, for now, it's mostly confined to the younger set on Wall Street. But it is ubiquitous with them. Every summer intern I've encountered is on Snapchat, as are quite a few analysts and associates. At the vice president level, usage drops off dramatically….. Snapchat, for those of you who don't know, lets users send pictures over your mobile device that self destruct after a few seconds—leaving no trace. There's no permanent status update that your boss—or the SEC—can find. Some phones can take a screenshot of the image, however, so you still have to be careful what you send around….

No comments:

Post a Comment