Oh Snap.
by rhlsnk
While I very much enjoyed the swot analysis on snapchat in xin jiang’s blog, I do not necessarily understand why she is so shocked that he rejected this offer of $3 billion. Snapchat, Instagram and the like have been fortunate to be caught in the social bubble so they will not be valued at exactly what they are worth but that’s always a risk in business. If anything, I’d give credit to Evan Spiegel for resisting the temptation to sell because of his belief and vision in his product. If facebook were to buy it, Snapchat’s greatest and apparently only strength – privacy, as explained by Xin would no longer exist. Thus rendering the company useless.
http://www.bbc.co.uk/news/business-24926212