As Snapchat takes the world by surprise by turning down a $3 billion dollar offer when it has yet to make a dollar, it could be considered the loser. However the CEO of Snap chat expects with its increasing number of users, it should be worth far more than the initial offer in the future. As even within a three-month period, the snap chat usage expanded to over 200 million snap chats per day. Snap chat may revisit acquisition in early 2014. The question remains of whether Snap chat will become the winner or the loser.
Snapchat has made a bold move based on the number of users it currently has and the rate at which its popularity is progressing. Although, this may be the strange decision in the eyes of some, it took a strange person to come off with Snap chat. The business world is excited as am I to see the future of snap chat and how it will continue to raise the value of the innovative venture. The article illustrates the power of a small company despite attractive offers from big giants such as Facebook.
This contrasts sharply with opinion exhibited by Connor Wilson’s blog which suggests the CEO thinks Snapchat has no future potential and it is being overvalued by Facebook.