Facebook offers to buy Snapchat for 3 billion...

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ernest_t_bass's avatar

ernest_t_bass

12th Son of the Lama

24,984 posts
Nov 14, 2013 5:06 PM
Snapchat. Making sexting more relevant for everyone!
Nov 14, 2013 5:06pm
Iliketurtles's avatar

Iliketurtles

Senior Member

8,191 posts
Nov 14, 2013 5:07 PM
Automatik;1535705 wrote:And the owners REFUSED.
http://www.nytimes.com/2013/11/14/technology/rejecting-billions-snapchat-expects-a-better-offer.html?_r=0

Wow, unreal.

If I'm 23 years old, 3 billion cash offer on the table?? SOLD!

Zuckerberg held out, and it worked out for him.
Yeah same here man. 3 billion uhhh yes please! He won't be getting a better offer.
Nov 14, 2013 5:07pm
M

MontyBrunswick

Nov 14, 2013 5:08 PM
Morons. Snapchat has that "chatroulette" feel to it. Flash in the pan and then worthless.
Nov 14, 2013 5:08pm
Automatik's avatar

Automatik

Senior Member

14,632 posts
Nov 14, 2013 5:09 PM
I'm actually a big fan of Snapchat. I wasn't at first, but as it gained popularity it's now great for teh lulz.
Nov 14, 2013 5:09pm
Curly J's avatar

Curly J

Self Pwner in Training.

7,282 posts
Nov 14, 2013 5:10 PM
ernest_t_bass;1535712 wrote:Snapchat. Making sexting more relevant for Students and teachers!
FIFY
Nov 14, 2013 5:10pm
Iliketurtles's avatar

Iliketurtles

Senior Member

8,191 posts
Nov 14, 2013 5:12 PM
Automatik;1535715 wrote:I'm actually a big fan of Snapchat. I wasn't at first, but as it gained popularity it's now great for teh lulz.
I don't use it but I can understand why it's so popular. Just makes me wish it was around when I was in college(since that's when smart phones started) high school boys have it so good now a days haha.
Nov 14, 2013 5:12pm
gerb131's avatar

gerb131

Senior Member

9,932 posts
Nov 14, 2013 6:17 PM
Idiotos sell sell sell
Nov 14, 2013 6:17pm
justincredible's avatar

justincredible

Nick Mangold

32,056 posts
Nov 14, 2013 6:19 PM
dlazz;1535714 wrote:Morons. Snapchat has that "chatroulette" feel to it. Flash in the pan and then worthless.
I agree with this. I have friends on it and they've shown it to me but I really don't get the appeal. At all.
Nov 14, 2013 6:19pm
Pick6's avatar

Pick6

A USA American

14,946 posts
Nov 14, 2013 6:38 PM
fuck that. I prefer the sexts I got in HS when the girls had no option which way to send it. You got to keep those for as long as you want. Now, if a girl sees you screenshot a snap chat you get bitched at and dont get any more.
Nov 14, 2013 6:38pm
Automatik's avatar

Automatik

Senior Member

14,632 posts
Nov 14, 2013 6:40 PM
Zuckerberg turned down a billion and it was the right move. I've seen several articles out there saying the Snapchat creators also did the right thing. It's still hard for me to understand their decision....3 billion. CASH. FUCK.
Nov 14, 2013 6:40pm
G

gport_tennis

Senior Member

1,796 posts
Nov 14, 2013 6:52 PM
The real value of snapchat is the press-to-hold to see the pic. Perfect spot for advertisements, as you are looking at the screen the whole time. Could be more valuable than Facebook or twitter for advertising purposes
Nov 14, 2013 6:52pm
Pick6's avatar

Pick6

A USA American

14,946 posts
Nov 14, 2013 7:12 PM
gport_tennis;1535802 wrote:The real value of snapchat is the press-to-hold to see the pic. Perfect spot for advertisements, as you are looking at the screen the whole time. Could be more valuable than Facebook or twitter for advertising purposes
I feel like ads popping up when I am trying to see a picture for 2 seconds is something that would make me stop using it REAL quick. Baffled at them turning it down. This isn't facebook with a ton of potential. Snapchat is what it is. SELL.
Nov 14, 2013 7:12pm
F

friendfromlowry

Senior Member

6,239 posts
Nov 14, 2013 7:26 PM
Automatik;1535792 wrote:Zuckerberg turned down a billion and it was the right move. I've seen several articles out there saying the Snapchat creators also did the right thing. It's still hard for me to understand their decision....3 billion. CASH. FUCK.
I don't doubt that. Perhaps there's someone that will give them more money. I don't understand the reasoning for holding out on three billion dollars, though. How much more money do you need in life?? For their sake, hopefully someone will offer them something like that again.
Nov 14, 2013 7:26pm
SportsAndLady's avatar

SportsAndLady

Senior Member

35,632 posts
Nov 14, 2013 7:31 PM
Pick6;1535791 wrote:You got to keep those for as long as you want. Now, if a girl sees you screenshot a snap chat you get bitched at and dont get any more.
That's why you get snap save. It doesn't send the person that notification.
Nov 14, 2013 7:31pm
Pick6's avatar

Pick6

A USA American

14,946 posts
Nov 14, 2013 7:38 PM
SportsAndLady;1535831 wrote:That's why you get snap save. It doesn't send the person that notification.
woah. good looking out. reps
Nov 14, 2013 7:38pm
Ironman92's avatar

Ironman92

Administrator

49,363 posts
Nov 14, 2013 8:12 PM
If you take the $3 billion.....no possible negatives

If you don't.......you might be suicidal in 5 years

And yes they could get more, but not sure anyone could fathom the difference between 3 billion and 10 billion
Nov 14, 2013 8:12pm
SportsAndLady's avatar

SportsAndLady

Senior Member

35,632 posts
Nov 14, 2013 8:22 PM
Ironman92;1535848 wrote:If you take the $3 billion.....no possible negatives

If you don't.......you might be suicidal in 5 years

And yes they could get more, but not sure anyone could fathom the difference between 3 billion and 10 billion
It would eat me alive if I sold for 3 billion but could have gotten 10 billion if I waited.

I mean yeah I'm still a billionaire but 7 billion is a ton.
Nov 14, 2013 8:22pm
Ironman92's avatar

Ironman92

Administrator

49,363 posts
Nov 14, 2013 8:40 PM
SportsAndLady;1535854 wrote:It would eat me alive if I sold for 3 billion but could have gotten 10 billion if I waited.

I mean yeah I'm still a billionaire but 7 billion is a ton.
Care to tell me what you are going to buy that 3 billion can't buy. I think you being the richest guy in Illinois should help you with your suffering.
Nov 14, 2013 8:40pm
Ironman92's avatar

Ironman92

Administrator

49,363 posts
Nov 14, 2013 8:43 PM
Ironman92;1535862 wrote:Care to tell me what you are going to buy that 3 billion can't buy. I think you being the richest guy in Illinois should help you with your suffering.
You could own the Reds, Browns and Cavs and have enough left set everyone in your family for 3+ generations.
Nov 14, 2013 8:43pm
G

gut

Senior Member

15,058 posts
Nov 14, 2013 9:15 PM
Can't read the article...

A lot depends on the investors and who has the majority of votes. PE/VC guys can be very persasive, especially when a single 10-bagger can save an otherwise struggling portfolio. The economics are very different for them - they gain very little, personally, on this deal if the rest of their portfolio is sucking air. They get 20% of the returns of their FUND, so $3B could be no performance fee while $4B could bring them millions.
Nov 14, 2013 9:15pm
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Glory Days

Senior Member

7,809 posts
Nov 14, 2013 11:05 PM
Is there maybe something with the technology? like maybe some code or patent they don't want to give up to facebook?
Nov 14, 2013 11:05pm
SportsAndLady's avatar

SportsAndLady

Senior Member

35,632 posts
Nov 15, 2013 8:48 AM
Ironman92;1535862 wrote:Care to tell me what you are going to buy that 3 billion can't buy. I think you being the richest guy in Illinois should help you with your suffering.
Nothing. But I could have 100 billion dollars, and would still lose sleep over losing 7 Billion.
Nov 15, 2013 8:48am
sleeper's avatar

sleeper

Legend

27,879 posts
Nov 15, 2013 9:26 AM
SportsAndLady;1535854 wrote:It would eat me alive if I sold for 3 billion but could have gotten 10 billion if I waited.

I mean yeah I'm still a billionaire but 7 billion is a ton.
Or he could go to zero which is what usually happens to companies with no profit much less no revenue. Gut said it best, "Cash is king" and you aren't going anywhere if you only survive off VC cash.

At $3 billion dollars, you could spend $205,000 PER DAY over the next 40 years(not even counting any interest earned from your cash). $3 billion is well past the point where money even matters anymore.
Nov 15, 2013 9:26am
SportsAndLady's avatar

SportsAndLady

Senior Member

35,632 posts
Nov 15, 2013 9:55 AM
sleeper;1536061 wrote:Or he could go to zero which is what usually happens to companies with no profit much less no revenue. Gut said it best, "Cash is king" and you aren't going anywhere if you only survive off VC cash.

At $3 billion dollars, you could spend $205,000 PER DAY over the next 40 years(not even counting any interest earned from your cash). $3 billion is well past the point where money even matters anymore.
Oh i definitely think he should have taken the 3B offer. I just don't agree with saying once you have 3B there is no difference between that and 10B
Nov 15, 2013 9:55am