Snapchat rejected $3 billion offer, seriously?

Compare to the acquisition of Instagram of $1 billion last year, Facebook is now offering 3 times the capital to acquire Snapchat.

Has Mark Zuckerberg gone mad? Seriously, offering $3 billion for a start-up business which has a large user base with no profit? Or is it nuts for CEO of Snapchat, Evan Spiegel to reject this all-cash buyout offer? Does Spiegel really believe his business is worth more than $3 billion? Ultimately that will depend on how how popular it becomes. Pictures posted to the site remain there for 10 seconds or less, which can be appealing. For more information about Snapshot buyout offer, watch this video Snapchat vs. Facebook: Being “Cool” Doesn’t Always Pay Off

Maybe Facebook is not cool anymore among young kids. “People are getting tired of having pictures surface years later of some drunken party they went to that cost them a job,” says Blodget. “So the kids are going to Snapchat. It’s a new form of communication.”

Snapchat is the Next Big Thing?

For more, read this article Why Snapchat should NEVER have Ads

cheers

Crystal Liang 🙂

This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *