Greed, Stupidity or a Smart Business Move: Can YOU Turn Down 3 Billion Dollars?

[Nick.RevenueJet]

A report on Mashable says Snapchat have declined an acquisition offer from Facebook on the legendary amount of 3 billion dollars.
That's a three and NINE zeros after.
Not only that, Snapchat is the same company that reportedly declined a 1 billion dollar offer last October from the same Facebook.

Now I'm not sure if their CEO is insane, greedy or just a genius businessman, but I feel they are playing a very dangerous game. Who can say what tomorrow brings - any product can easily become yesterday's fad (who would've thought Myspace would become a graveyard just a few years ago).

Me, if someone offered me a billion, I'd go "thank you so much mam, it's been great doing business with you!" and walk towards the sunset.

What do you think?

[casinovegas]

I don't get the whole snap chat thing. You can still screen shot whatever you receive so it's pretty pointless.

[thebookiesoffers]

I'd just like to put on record if the people at facebook are reading, The Bookies Offers is available at the right price - come and get it

[thebookiesoffers]

I don't get the whole snap chat thing. You can still screen shot whatever you receive so it's pretty pointless.

you could do if you weren't a div like me and don't know how to take a picture of my screen, and also don't have snapchat

[Renee]

I think facebook are idiots to offer them so much and snapchat are idiots to decline it.

I have snapchat on my phone and it annoys me so much I want to get rid of it.
People are using it like text messaging these days, which is stupid because if you're somewhere that you can't take a photo, how the hell do you respond on the damned thing. My sister always asks me why I never reply and I'm like "ahh because I'm not going to send the same pic every day of me at my work desk"

IMO it was initially made so that people could send a few second photo of their dicks to people. And I will say, thats pretty much what I get. Every day I have one friend who just sends me photos of her tits. Over and over again. And I have a feeling she isn't just sending them to me.

Argh I just hate it.

[casinovegas]

That's what snap chat should be for. Rude pics only. Not pictures of your dog or a bag of crisps!

[Nick.RevenueJet]

I think facebook are idiots to offer them so much and snapchat are idiots to decline it.

100%

IMO it was initially made so that people could send a few second photo of their dicks to people.

That's a pretty good business model, honestly.

Every day I have one friend who just sends me photos of her tits. Over and over again. And I have a feeling she isn't just sending them to me.

Send them over, I would love to take that burden off your shoulders.

[sweetbet]

I think facebook are idiots to offer them so much and snapchat are idiots to decline it.

hahaha.. That's exactly what I was thinking

[Renee]

100%



That's a pretty good business model, honestly.


Send them over, I would love to take that burden off your shoulders.

Ah ha! But you see, the pic is only viewable for a few seconds then it disappears and you can't see it again!

I think this app is probably better for single people.

[Nick.RevenueJet]

Ah ha! But you see, the pic is only viewable for a few seconds then it disappears and you can't see it again!

Just send me the login details, Renee, I don't need much more than a few seconds.

[edgarf76]

I respect that they believe in their product/service so much. But 3 Billion Dollars, I would take the money and run

[AE-Stephen]

I thought Martyn was the only person in the world still using snapchat?

[IhreConsulting]

I thought Martyn was the only person in the world still using snapchat?

Is snapchat a bit like fight club rule 1? You dont talk about snapchat?

I respect that they believe in their product/service so much. But 3 Billion Dollars, I would take the money and run

I agree. I would be more than happy to walk or run away with a pocket full of 3 billion dollars!

I have never used snapchat either but i'll be checking the hubbies phone later to make sure he doesn't have it! (JOKE)

[Renee]

Snapchat is the chat roulette of phone apps.

Haha Nick.

[Planet Mark]

Surprised this even made the news, I'm turning down bigger offers than that from Google for my affiliate business every other week...

Mark

[baldidiot]

What the hell is snapchat?!

Oh man, I'm really out of touch with the cool kids...

[Anthony]

You would think they would take the money and run before everyone starts to copy what they are doing.

[TheGooner]

Offering 3 billion for a profitless service doesn't make much sense to me - especially as it appears to be a one-shot service wonder. However the offer did not pop out of thin air - SnapChat has already received three round of funding from investors ... $0.5m, $12.5m, and then $60.0m in June 2013.

Here is a good summary ...
http://www.crunchbase.com/company/snapchat

Do I think a profitless service is worth $3b? No. But the founder is having fun and will always be able to sell for major money.
It's popular now as "kids" desert facebook because there are too many mainstream people (adults / family) on it.

IMO - all it takes to kill SnapChat is a uptake by mums, dads, aunties and uncles onto Snapchat ... then the cool kids will drop it YESTERDAY.


What amazes me is that people really think that their snaps are temporary and not archived in a multitude of backups all throughout the network. I suspect that Snapchat is a CIA/ KGB front for blackmail and extortion when this current generation of students finally get into positions of importance.

[universal4]

Wow quite a conspiricy theory there Gooner....not sure but that might be the single post you have written that suprises me the most.

To be honest, now that I am done laughing, I have to give it serious thought since only politicians might actually shell out more dollars in the end because I really can't see where they can possibly make that much money from selling email adresses, or forcing everyone to watch an ad before their picture goes poof.

Rick
Universal4

[Renee]

I have to say, I'm sure Gooner is probably right. They surely keep the images somewhere. I'd believe anything after finding out that printers have a memory card that keeps everything you print stored there. And it wouldn't surprise me if that is exactly why facebook is willing to spend 3b on the app. They are collecting data on everything like it is going out of fashion afterall.