Snapchat turns down 3B, all-cash, acquisition from FB

[Cowboy Brian]

Ludacrious. This company has no revenue and no potential for any, if they put ads before "snaps" no one would use it.

 

[Sarge]

They should have taken the money - the whole thing is a fad anyways IMO. Take the money and run.

 

[Hoofbite]

They probably don't care about generating a consistent stream of revenue and they shouldn't because it's not a good longterm project. They should be interested in keeping their little app exactly the way it is and continue to build upon the young teenage interest that they have accumulated.

That's their golden ticket. Fad interest on behalf of young teenagers. If they keep that going then they'll probably get another offer.

Should they have taken the money? I would have. I'm not trying to buy the world so $3B will do just about everything I could imagine for the next 10 lifetimes

 

[Teren_Kanan]

Never heard of snapchat. no idea what it is.

 

[big dog cowboy]

Facebook turned down a $1B offer from Yahoo and now they are worth $100B. These kids are holding out for a bigger offer.

http://abcnews.go.com/WNT/video/makers-snapchat-turn-billion-20894695

 

[Cowboy Brian]

Facebook turned down a $1B offer from Yahoo and now they are worth $100B. These kids are holding out for a bigger offer.

http://abcnews.go.com/WNT/video/makers-snapchat-turn-billion-20894695

There is a large, large difference between Facebook and Snapchat...

 

[Hoofbite]

Facebook turned down a $1B offer from Yahoo and now they are worth $100B. These kids are holding out for a bigger offer.

http://abcnews.go.com/WNT/video/makers-snapchat-turn-billion-20894695

I didn't know that. It's a shame they didn't take that offer. Maybe the site would have crumbled.

 

[BrAinPaiNt]

There is a large, large difference between Facebook and Snapchat...

Facebook offered snap chat one billion a little time ago, now offering three billion and they are not the only ones wanting snap chat. I think they will get more as
Long as they don't hold out too long.

 

[Cowboy Brian]

Facebook offered snap chat one billion a little time ago, now offering three billion and they are not the only ones wanting snap chat. I think they will get more as
Long as they don't hold out too long.

I'm not saying they won't get more but it is a truly ridiculous valuation. Tumblr sold for $1.1B, Tumblr is worth a heck of a lot more than Snapchat, and relatively way more than $100M more than Instagram.

Waze sold for $1.3B a few months back to Google, it's got the ability to produce $1.3B in revenues for Google as they could sell cloud based navigation GPS', integrate it into Google Glasses and the eventual Google self driving car.

Snapchat has no potential to build revenue outside of in-app purchases and they won't ever account for $3B+ in revenues.

 

[CowboyMcCoy]

It just goes to show you, even geniuses can be dumbarses.

 

[Phoenix]

Me neither.

 

[Nova]

Take the money while you can.

Tom Anderson sold Myspace for about 1/5th of that in 2006 ($580 million). A good move by him seeing how it was sold again for about $35 million a couple of years ago.

You just never know with these social media sites. They just come and go so fast.

 

[Sarge]

Facebook turned down a $1B offer from Yahoo and now they are worth $100B. These kids are holding out for a bigger offer.

http://abcnews.go.com/WNT/video/makers-snapchat-turn-billion-20894695

Facebook ain't no snapchat - far from it.