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So Snapchat turned down 3billion...

Discussion in 'General Discussions and Lounge' started by K, Nov 15, 2013.

  1. K

    K Administrator Administrator affiliate

    From FB right, a publicity stunt?

    Or did a company not making a penny really do this?
  2. newbidder
  3. crysper

    crysper Moderator moderator Service Manager affiliate

    Surprising, but they got valued more than 3 billions after the last investment they got. However, i don't know if it was the right decision...
  4. Andy Haskins

    Andy Haskins Affiliate affiliate

    All seems a little crazy to me but I believe there's some investment firm out there wanting to invest $200mil in Snapchat which would value it at $4 billion, so if he can hold out for the sake of popping 1 billi on the price tag then it's the right move.

    The user base is growing rapidly and no doubt there's huge potential for advertising revenue?

    I say all this but I've never touched the app :D
  5. Matt

    Matt Affiliate Manager Affiliate Manager affiliate

    Don't blame you. Its a stupid app, I deleted it after about 10 minutes.

    Seems stupid to reject such a good offer, it will be worthless in a years time.
    1 person likes this.

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