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