This blog is a response to a blog written by my friend Tiffany Chen.

I think that Snapchat turning down the 3~4 billion dollar offer from Facebook and Google was a ridiculously foolish decision on their part.

I read an article somewhere which was discussing about whether Instagram sold themselves short by giving in for a billion dollar offer. I disagree completely with this and think that Instagram made the right choice.

Although these app-based startups are starting to be valued more and more as we progress into the future, Snapchat being offered 4.5 billion is a ridiculously over-valued bid let alone Instagram’s 1 billion dollar offer by Facebook.

These huge bids are a result of the strongest ‘.com’ companies paying huge money for their dominance on the web. Neither Facebook and Google think that Snapchat is really worth as much money as they offered yet they felt that owning Snapchat would give them a slight stability in the industry of theirs that is dynamic to say the least.

Before we know it, Snapchat will be gone and another billion dollar idea is going to be in their shoes.

https://blogs.ubc.ca/tiffanyc/2013/11/17/snapchat-turned-down-billion-dollar-offer/

Louis, Tristan. “Snapchat And Other Best and Bungled Billion-Dollars Offers.” Forbes. Forbes Magazine, 16 Nov. 2013. Web. 17 Nov. 2013. <http://www.forbes.com/sites/tristanlouis/2013/11/16/snapchat-and-other-best-and-bungled-billion-dollars-offers/>.