Archive Facebook offers to buy Snapchat for 3 billion...

Automatik

Posts: 14,632

Nov 14, 2013 4:54pm

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.

ernest_t_bass

Posts: 24,984

Nov 14, 2013 5:06pm

Snapchat. Making sexting more relevant for everyone!

Iliketurtles

Posts: 8,191

Nov 14, 2013 5:07pm

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.

M

MontyBrunswick

Nov 14, 2013 5:08pm

Morons. Snapchat has that "chatroulette" feel to it. Flash in the pan and then worthless.

Automatik

Posts: 14,632

Nov 14, 2013 5:09pm

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.

Curly J

Posts: 7,282

Nov 14, 2013 5:10pm

ernest_t_bass;1535712 wrote:Snapchat. Making sexting more relevant for Students and teachers!

FIFY

Iliketurtles

Posts: 8,191

Nov 14, 2013 5:12pm

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.

gerb131

Posts: 9,932

Nov 14, 2013 6:17pm

Idiotos sell sell sell

justincredible

Posts: 32,056

Nov 14, 2013 6:19pm

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.

Pick6

Posts: 14,946

Nov 14, 2013 6:38pm

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.

Automatik

Posts: 14,632

Nov 14, 2013 6:40pm

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.

G

gport_tennis

Posts: 1,796

Nov 14, 2013 6:52pm

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

Pick6

Posts: 14,946

Nov 14, 2013 7:12pm

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.

F

friendfromlowry

Posts: 6,239

Nov 14, 2013 7:26pm

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.

SportsAndLady

Posts: 35,632

Nov 14, 2013 7:31pm

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.

Pick6

Posts: 14,946

Nov 14, 2013 7:38pm

SportsAndLady;1535831 wrote:That's why you get snap save. It doesn't send the person that notification.

woah. good looking out. reps

Ironman92

Posts: 49,363

Nov 14, 2013 8:12pm

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

SportsAndLady

Posts: 35,632

Nov 14, 2013 8:22pm

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.

Ironman92

Posts: 49,363

Nov 14, 2013 8:40pm

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.

Ironman92

Posts: 49,363

Nov 14, 2013 8:43pm

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.

G

gut

Posts: 15,058

Nov 14, 2013 9:15pm

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.

Glory Days

Posts: 7,809

Nov 14, 2013 11:05pm

Is there maybe something with the technology? like maybe some code or patent they don't want to give up to facebook?

SportsAndLady

Posts: 35,632

Nov 15, 2013 8:48am

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.

sleeper

Posts: 27,879

Nov 15, 2013 9:26am

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.

SportsAndLady

Posts: 35,632

Nov 15, 2013 9:55am

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