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Facebook wanted to buy snapchat because fb is losing its younger audience.
It would have been a smart buy for them.
It would have been a smart buy for them.
Snapchat Turns Down $3 Billion
- Thread starter r3p1v
- Start date
Stupid. Everyone knows these social apps are hot for a few years and then immediately die out. Should've cashed it in and invested the 3 bil in bitcoin. smh
snapchat deal - Imgur
Anyway.. these guys have not realized we are in yet another tech bubble.
This price is not gonna be offered again.
::emp::
Anyway.. these guys have not realized we are in yet another tech bubble.
This price is not gonna be offered again.
::emp::
Heard about privacy setting bro? I don't think its that as such. Its all about the trend. If the "cool kids" are using it, everybody will want to use it. That's pretty much how Facebook, instagram and even twitter (targeting a slightly more "professional" audience) became popular. Snapchat is getting there. Thats why Facebook wants it.
Its all about the trend.
Some people away from WF do things for more than just money. What may be a stupid financial decision may not be a stupid decision in terms of what he's trying to achieve.
Because I don't have some waste-of-time platform for millions of teens to use that I can sell in a year for a Billion. I'm mad, bro.
It's a pretty cool platform, I use it a lot to communicate with friends and such. Just when you're out and about and see cool shit and think "hey xyz would appreciate this" when it's not something that you'd want to permanently share with an entire facebook/twitter following or whatever.
I can also envisage lots of ways to monetise it.
Partially, for younger teens anyway. People in their 20's don't give a shit about their parents etc being on Facebook. They're still using Snapchat.
Wrong.
True.
Most late stage VC's would be quite happy with that kinda return in such a short time frame. Investors in the company probably all wanted to sell.
It's not a website. It's an app used by 1/4 of smart phone users in the UK, and many millions more worldwide.
It's impossible to make this kind of statement in such an immature market. It's like saying in the 1960's that no one needs a computer in their house. Many personal computer concepts failed.
I think you'll be surprised.
Website != marketing
Why are you guys so pissed at Snapchat and calling them stupid? LOL at all the people that think it's a website.
Dude either wants more than 3 billion, sees itself as a Facebook killer, OR maybe being bought by Facebook would go AGAINST the EXACT reason people are going to SnapChat, cause it's not connected to Facebook, like the way it swalloed up Instagram.
This should ignite your own fire inside to create something popular since you can see people are investing in companies that are trendsetters. Some of you guys sound like the old man on the porch, "God damn kids! Get off my lawn". What Snapchat is doing is taking "social media" less "social" and more in the control of groups for privacy. Why you guys are angry is beyond me.
I'm a little sad that this kid has the ability to turn down $3 billion and I may not currently have that same ability, but as far as a business move I think it's a great move if you want to be on a level playing field with Facebook, Twitter, etc. It's not a Groupon, cause Groupon's business model revolved around deep discounts for businesses that ended up only hurting those same businesses. People use Snapchat to communicate, that's completely different then looking for discounts cause your cheap. No one is hurt in the end. There is only potential with Snapchat, where-as Groupon is a one trick pony who's time was up before the IPO.
Facebook is only interested in it to swallow it up since it has plateaued and wants to stay relevant. just like Facebook turned down $1 billion from Yahoo and now it's at a position it's dominating Yahoo. The only reason anyone is talking about Yahoo is cause their CEO is hot, other than that, they're pretty much done as a tech company. This can be seen as a similar point in history for Facebook, when they're no longer cool and even gets their money turned down. History repeating itself. Since all the young kids are on there, and old people are doing nothing but dying, it's an indicator of the next wave of tech companies.
You have to think bigger than SEO or whatever you are in. If you can create a communication channel or something REALLY new to the field that can become popular, then you've got a chance. Why not target something as a more professional version of Snapchat for individual team members or corporations? It'll be copying Snapchat but it's better than sitting around creating another SEO project while waiting for the next Zebra update - The Google Zebra Algorithm Update and What You Can Do To Prepare
Don't be mad people, be happy that investors are out there still willing to invest in new ideas and your ambition is all that's in the way of becoming one of the giants of industry.
Dude either wants more than 3 billion, sees itself as a Facebook killer, OR maybe being bought by Facebook would go AGAINST the EXACT reason people are going to SnapChat, cause it's not connected to Facebook, like the way it swalloed up Instagram.
This should ignite your own fire inside to create something popular since you can see people are investing in companies that are trendsetters. Some of you guys sound like the old man on the porch, "God damn kids! Get off my lawn". What Snapchat is doing is taking "social media" less "social" and more in the control of groups for privacy. Why you guys are angry is beyond me.
I'm a little sad that this kid has the ability to turn down $3 billion and I may not currently have that same ability, but as far as a business move I think it's a great move if you want to be on a level playing field with Facebook, Twitter, etc. It's not a Groupon, cause Groupon's business model revolved around deep discounts for businesses that ended up only hurting those same businesses. People use Snapchat to communicate, that's completely different then looking for discounts cause your cheap. No one is hurt in the end. There is only potential with Snapchat, where-as Groupon is a one trick pony who's time was up before the IPO.
Facebook is only interested in it to swallow it up since it has plateaued and wants to stay relevant. just like Facebook turned down $1 billion from Yahoo and now it's at a position it's dominating Yahoo. The only reason anyone is talking about Yahoo is cause their CEO is hot, other than that, they're pretty much done as a tech company. This can be seen as a similar point in history for Facebook, when they're no longer cool and even gets their money turned down. History repeating itself. Since all the young kids are on there, and old people are doing nothing but dying, it's an indicator of the next wave of tech companies.
You have to think bigger than SEO or whatever you are in. If you can create a communication channel or something REALLY new to the field that can become popular, then you've got a chance. Why not target something as a more professional version of Snapchat for individual team members or corporations? It'll be copying Snapchat but it's better than sitting around creating another SEO project while waiting for the next Zebra update - The Google Zebra Algorithm Update and What You Can Do To Prepare
Don't be mad people, be happy that investors are out there still willing to invest in new ideas and your ambition is all that's in the way of becoming one of the giants of industry.
True, but that's an acquisition and given their track record they'll probably fuck it up. If as a brand you have to rely on an acquisition to keep yourself relevant, what does that say about your own momentum? You're only surviving on the coattail of another hot properties, same thing they tried to do when they attempted to buy Facebook for $1 Billion, ride their coattail. Yahoo as a brand is done.
Sorry, CC but snapchat is a fucking joke
Yes, it is popular, but not a hard to code piece of technology.
In their case? Take the fucking money and run.. and then built something more exciting.
However, I might just not get it.
All these "companies" being created around a single, small piece of tech. A cute idea someone coded in a week, nothing more.
Too old, I might be
::emp::
Yes, it is popular, but not a hard to code piece of technology.
In their case? Take the fucking money and run.. and then built something more exciting.
However, I might just not get it.
All these "companies" being created around a single, small piece of tech. A cute idea someone coded in a week, nothing more.
Too old, I might be
::emp::
CC - From that article, quote:
I'll just remain quiet over here, apart from the term "mobile app".
Also you chaps really should read about ADA compliance.
I'll just remain quiet over here, apart from the term "mobile app".
Also you chaps really should read about ADA compliance.
Yeah you don't get it.
Maybe this is what's exciting for them? Also, just because you have a piece of code doesn't mean you also have the ingredients to make that code popular amongst the masses. I can name hundreds of tech companies doing crazy things that most people have never heard of and probably will never since they don't have that last piece of magic to become popular.
Problem is people said the same thing about Facebook, Twitter, and other communication channels that the kids were on. Remember when people were like "You share everything with your friends on Facebook, why would anyone want to do that?" Those same people have Facebook now. It's a communication channel that allows you to send messages that disappear... hmm in this day and age of nosy GFs or privacy advocates it's almost ironic that the younger generation is more ahead of the curve on this one...
Hating SnapChat isn't going to help you in the long run if you are looking to see the curve up ahead. If you can dis-engage from your own personal experience and beliefs and look at it from a logical standpoint, you'll see that the tech companies that survive are ALL communication channels... There is a reason for that. Facebook realizes that if they let this slip they'll soon start eroding. Tumblr, Facebook, Twitter, SnapChat, Instagram - All communication channels... Each has it's own flavor and unique experience.
Now if your in the camp that thought it was a stupid idea to turn down $3 Billion, well you don't have an understanding of the Snapchat audience. They are anti-Facebook... So what would happen to their userbase if they got bought out by Facebook?
Maybe this is what's exciting for them? Also, just because you have a piece of code doesn't mean you also have the ingredients to make that code popular amongst the masses. I can name hundreds of tech companies doing crazy things that most people have never heard of and probably will never since they don't have that last piece of magic to become popular.
Problem is people said the same thing about Facebook, Twitter, and other communication channels that the kids were on. Remember when people were like "You share everything with your friends on Facebook, why would anyone want to do that?" Those same people have Facebook now. It's a communication channel that allows you to send messages that disappear... hmm in this day and age of nosy GFs or privacy advocates it's almost ironic that the younger generation is more ahead of the curve on this one...
Hating SnapChat isn't going to help you in the long run if you are looking to see the curve up ahead. If you can dis-engage from your own personal experience and beliefs and look at it from a logical standpoint, you'll see that the tech companies that survive are ALL communication channels... There is a reason for that. Facebook realizes that if they let this slip they'll soon start eroding. Tumblr, Facebook, Twitter, SnapChat, Instagram - All communication channels... Each has it's own flavor and unique experience.
Now if your in the camp that thought it was a stupid idea to turn down $3 Billion, well you don't have an understanding of the Snapchat audience. They are anti-Facebook... So what would happen to their userbase if they got bought out by Facebook?
CC - From that article, quote:
I'll just remain quiet over here, apart from the term "mobile app".
Also you chaps really should read about ADA compliance.
I never said they are doing everything right. They should probably have a link to download the mobile App on their website, but does it really matter when your target audience knows it's an App and goes straight to the App store?
The value isn't in the technology but the network effect.
A social/communication tool is only as useful as the number of your friends/colleagues that use it. You can create the most amazing social technology in the world, but if none of the people you know use it, it's not worth shit. The best businesses are simple. KISS.
Snapchat solves a problem that no other social network solves well i.e. how do I share a brief moment in time with someone, but not everyone I know?
I think you underestimate the complexity behind building something like Snapchat, that scales, too.
It's a lot easier to dismiss new concepts and ways of doing things than it is to try to understand what makes them work, and why this generation is choosing to communicate in this way. They didn't get millions of active users by chance.
CC - I think you might have misunderstood - it's me... it's RWD we're talking about. You know my feelings on this already. x
Beautifully put CC, especially the part with the "last piece of magic" social developers need for their thing to fully take off. I think they understood how complex and large facebook has gotten and the simplicity behind letting people.. just share. Also no wonder more of these things are popping up when there's tools like PhoneGap | Home around
And there's this.
[ame=http://www.youtube.com/watch?v=UvEiSa6_EPA]Steve Jobs' Vision of the World - YouTube[/ame]
And there's this.
[ame=http://www.youtube.com/watch?v=UvEiSa6_EPA]Steve Jobs' Vision of the World - YouTube[/ame]