Snapchat turns down $3B offer fron FBook

[Swan]

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.

[Scrumtrilescent]

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

[PhillyB]

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. 

[CarolinaNCSU]

Yeah not just for titty pics, but those come with it.

 

It's basically texting with pictures/videos. Agreed that the dude should've taken the offer though. Instagram got like 1 billion, and I'd say it's more popular than Snapchat. 

[PhillyB]

went ahead and signed up for an account. how long does it take the boob pics to start showing up

[Dpantherman]

The thing I hate is that it doesn't tell you when more than one person has been sent the same snapchat. You don't know if you're supposed to replying to one person or a group.

[thefuzz]

Go on, take the money and run.....

 

Dumb to turn down that kind of jack.

[CCS]

I hate snapchat.

 

Before girls would just send me pictures now they only send me pictures for 10 seconds.