{"id":64,"date":"2013-11-18T03:59:15","date_gmt":"2013-11-18T10:59:15","guid":{"rendered":"https:\/\/blogs.ubc.ca\/chuhan\/?p=64"},"modified":"2013-11-18T04:00:19","modified_gmt":"2013-11-18T11:00:19","slug":"review-snapchat-turned-down-another-offer","status":"publish","type":"post","link":"https:\/\/blogs.ubc.ca\/chuhan\/2013\/11\/18\/review-snapchat-turned-down-another-offer\/","title":{"rendered":"Review: Snapchat turned down another offer??"},"content":{"rendered":"

\"\"<\/a><\/p>\n

@Josheph<\/a>\u00a0have 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.<\/p>\n

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\u00a0lingerie retail store. Several years later, this guy thought that it was a good time to ‘turn gold to money’; so he \u00a0sold his company to The Limited<\/a>\u00a0for $1 million. An amazing number for a lingerie retail store, isn’t it? \u00a0About 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.<\/p>\n

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.<\/p>\n

By the way, the developers of Snapchat are graduated from Stanford, too.<\/p>\n","protected":false},"excerpt":{"rendered":"

@Josheph\u00a0have 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 […]<\/p>\n","protected":false},"author":19897,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-64","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/blogs.ubc.ca\/chuhan\/wp-json\/wp\/v2\/posts\/64","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.ubc.ca\/chuhan\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.ubc.ca\/chuhan\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.ubc.ca\/chuhan\/wp-json\/wp\/v2\/users\/19897"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.ubc.ca\/chuhan\/wp-json\/wp\/v2\/comments?post=64"}],"version-history":[{"count":2,"href":"https:\/\/blogs.ubc.ca\/chuhan\/wp-json\/wp\/v2\/posts\/64\/revisions"}],"predecessor-version":[{"id":67,"href":"https:\/\/blogs.ubc.ca\/chuhan\/wp-json\/wp\/v2\/posts\/64\/revisions\/67"}],"wp:attachment":[{"href":"https:\/\/blogs.ubc.ca\/chuhan\/wp-json\/wp\/v2\/media?parent=64"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.ubc.ca\/chuhan\/wp-json\/wp\/v2\/categories?post=64"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.ubc.ca\/chuhan\/wp-json\/wp\/v2\/tags?post=64"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}