Review: Snapchat turned down another offer??

@Josheph have blogged that Snapchat turned down a 3 billion dollars acquisition from Facebook. He stated that Snapchat should have accepted the offer because Snapchat has no revenue source. However, I do not agree with his viewpoint.

To begin with, let me share a story with you. Over three decades ago, a talented student from Stanford is asked to purchase bra for his wife. This guy was definitely embarrassed. Therefore, he took a $40,000 bank loan and borrowed $40,000 from his relatives to open a lingerie retail store. Several years later, this guy thought that it was a good time to ‘turn gold to money’; so he  sold his company to The Limited for $1 million. An amazing number for a lingerie retail store, isn’t it?  About 7 years later, this company became the largest lingerie retailer in America, topping $1 billion. As for our talented student, he chose to leap off the Golden Gate Bridge. Nowadays, this lingerie retailer is known as Victoria’s Secret.

Now, Snapchat has the same situation as Victoria’s Secret. Having a good trend of increasing users, more and more cooperations with different platforms, and fascinating functions. What is more, Snapchat takes the advantage of having a great number of active users who are teenagers. Therefore, I think that Snapchat is right. It should have a more ambitious target instead of satisfying the current situation. More than a kind of industry, social network is a revolution, and I believe that Snapchat will become a good leader.

By the way, the developers of Snapchat are graduated from Stanford, too.