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Snapchat turns down $3B offer fron FBook

Kitten Diver

By Kitten Diver,
in Huddle Lounge

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Swan Newbie

Swan

Posted
Posted

Exactly.  My concept is not having to work ever again, swimming in 100 dollar bills, getting a fruit punch fountain in your room like Mr. Deeds, seeing any sporting event you want, etc.

 

Greed may turn out bad for this guy.  We'll see though.  I mean how much isn't enough?

 

Maybe the owner just has a terrible panel of financial advisors. I mean, Yahoo bought tumblr (a blogging social media site for you old farts) for 1.1bil. As for the demographic thing, I'm not sure if that's necessarily true. Let's remember that Facebook users outnumber those on Snapchat, and I would be willing to bet that most teens/tweens would get a Facebook first. Snapchat has a few interesting features, but it essentially is MMS, picture messaging, just in a more accessible platform. I would be interested to read Facebook's reasoning for this, as it almost makes essentially no sense to invest 3bil in a fad-driven social media app. 

 

Edit: Twitter sold for 10B. That, I get. Marketing opportunities are endless on twitter, but Snapchat? I barely see how it is "social media" enough to generate THAT much revenue.

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PhillyB Grand Master

PhillyB

Posted
Posted

Facebook will be in the drawer with free 1000 hour AOL CDs, diskettes, and hypercolor shirts in 10 years.

 

i remember people seven years or so ago predicting it'd be completely gone in half a decade.

 

people have griped whenever facebook changes, but its adaptive nature is what's kept it relevant. 

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