Snapchat is an app launched in September 2011 and grows significantly around the world. This app allows people to chat by sending photos and the photo sent will be erased after a few seconds. People can decide how long they want their friends to see the photo and there will be no chatting records on the app. In fact, according to Snapchat’s founder, Evan Spiegel, seven million British people may be snapchatting since the app was released. This app becomes popular and Facebook would like to buy it for 3 billion dollars. However, Snapchat rejected it.
In this case, Snapchat is just a starting company and its future cannot be estimated. It could be worth more than 3 billion dollar or it could fail after a few years. In my opinion, Snapchat might worth more than what Facebook offered because this is a brand new system in our society. This system may have some bugs such as people could use other devices to record the photo received before it is automatically deleted. However, these problems can be solved or being ignored that most users will just enjoy the fun process of sharing photos other than recording every photo they received.
http://www.cbc.ca/news/technology/snapchat-rejects-facebook-s-3b-buyout-offer-report-1.2426180
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