Who turns down $3 billion?

In reply to Katie’s post (https://blogs.ubc.ca/katiec/2013/11/17/snapchat-rejects-3-billion-buyout-offer-2/) about snap chat rejecting a $3 billion dollar buyout offer by Facebook.

Facebook, instead of dogging it out, favours the alternative of trying to buy the competition out. However much like twitter, Snap Chat has rejected the big offer. Unlike Twitter I do find this puzzling, as Snap Chat, to me, is one dimensional. I agree with Katie’s perspective that Snap Chat is a trend and is not sustainable in the long term. I’m waiting for the next big way to share photos, which will just add more competition to an already crowded arena.

To me, I think snap chat is reaching it’s climax. Snap Chat has to make a big decision within the next year about it’s future or else it will wash away and the CEO will lose out big. If he has an idea however that will innovate Snap Chat’s current model he has a huge customer base to broadcast to. Snap Chat in comparison to Twitter and Facebook is minuscule as it only really appeals to a younger generation… I mean it’s original purpose was for nudes.

 

 

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