Blog Reply: Winner or Loser?

Natalie’s optimistic outlook on Snapchat seems reasonable and I completely agree with Snapchat’s ability to continue growing.  Snapchat is a very innovative app and although it seems like a very simple idea, millions around the world have grown very fond of it.  With hundreds of millions of pictures sent everyday on the app, Snapchat has generated the attention of many people.  With the recent offer of $3 billion by Mark Zuckerburg, we can definitely see the enormous value of Snapchat.  However, I do think that Snapchat’s decision to turn down the offer was ridiculous.  Having the ability to sell the company for a whopping $3 billion and just retire and live the rest of your life as a billionaire is absolutely unreal.  The fact that in a couple years if users move away from Snapchat and onto another app will be devastating for Evan Spiegel, the founder of Snapchat.  This could be one of the biggest missed opportunities in history.  Evan Spiegel is taking a huge risk here in believing that Snapchat could continue on and raise its value.  But, to be able to come up with something as innovative as Snapchat shows that there is definitely a possibiliy for more innovation and growth for Snapchat’s future.

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