Snapchat Turns Down $3 Billion



That's great but you're ignoring one very important thing. The entire thing that made Snapchat unique (and so popular) was that the pics disappeared after 10 seconds, and that is no longer the case. So now it's an app with no revenue that sends pics that may or may not disappear after 10 seconds. Great product differentiator, clearly worth far more than $3 billion.

Best of luck to the worlds first $100 billion dollar almost disappearing picture taking app. Also, I'm utterly shocked that more people didn't freely admit in that survey to using Snapchat to distribute child porn. Shocked I tell you.

You miss the point -- I don't care if someone saves my Snapchat. If they think it's that valuable then that's great. The whole point is that stuff you don't want gets auto-deleted rather than cluttering up your profile/their page/wherever else you share images, and you're very deliberately sharing things with specific people that isn't something that should be broadcast to the entirety of a network of friends like Facebook (because those people won't care about it / get it, rather than because I wouldn't want the activity/image being broadcast).

The no revenue thing is a nada point, as proven by Facebook and Twitter (in terms of exceeding a $3bn valuation).

Do you think 16 year olds care about whether voting in a survey about sexting is admitted to some form of child porn exchange? It's an anonymous survey in the first place. They're more likely to care about their reputation than probably even consider that having images of an underaged girl is against the law. Certainly school kids didn't care when pictures of girls circulated or whatever, no one was thinking about it then.

Yes, a 20-something would probably care if they had pictures of 15 year old girls naked on their phone, and fear legal consequences. That young kinda demographic however will not, and is extremely unlikely to get prosecuted for it. (That is when you assume that snapchat is used mainly for sexting in the first place... I have several hundred snapchats from 20-30 people that will testify otherwise, although perhaps my entire personal network is an exception, and in fact every single other person using it is just sending people pictures of their dicks out of context, and I'm missing out on the fun).
 
tumblr_mw6uucy1pB1rlp32eo1_500.gif

tumblr_mw54cuckQR1rlp32eo1_1280.jpg
 
That's great but you're ignoring one very important thing. The entire thing that made Snapchat unique (and so popular) was that the pics disappeared after 10 seconds, and that is no longer the case. So now it's an app with no revenue that sends pics that may or may not disappear after 10 seconds. Great product differentiator, clearly worth far more than $3 billion.

Best of luck to the worlds first $100 billion dollar almost disappearing picture taking app. Also, I'm utterly shocked that more people didn't freely admit in that survey to using Snapchat to distribute child porn. Shocked I tell you.


As someone who regularly receives snapchats from teenagers, let me shed some light on this.

Yeah, part of the initial appeal was the fact that the pictures disappear after a predetermined amount of time. But there was always the risk that the recipient would screenshot it anyway (and the sender would be notified).

But most people seem to snapchat pics not to individuals but to pretty much all their friends. Like a "I'm so bored" picture that just goes to everyone. Nothing significant enough to put on instagram for most people. You just take a pic and select all of your contacts and off it goes.

Snapchat also lets the user make little doodles and shit on their drawings so girls can send people a picture of themselves in a bathing suit and draw red little mermaid hair on themselves and a sea shell bra or some crap like that. This is quite popular with the young demographic.

And anyway, most people aren't going to go as far as snaphacking everyone. The kinds of people that install snapchat hoping girls are going to randomly send them titty pics might be the type to get snaphack, but they are also probably not likely going to receive random titty pictures.

If a chick wants to send a tit pic, she will just send the tit pic. They don't think these things through.

I am a expert.

I did not edit or re-read any of this.

I would like to also add that the snapchat founder dude is a dick and made it so that whoever you snapchat with the most is shown publicly on your "best friends" list that shows the top 3 people you are most active with.
 
Snapchat and the whole venture capital industry that got them to their valuation are so full of shit :)
 
Why? It's 3b fucking dollars, he won the game of life at 23.

He could fuck 5 hookers a night and snort a half oz of blow every day for tyhe rest of his life and be fine. I don't think even I could blow through 3b dollars in a lifetime...
 
err...

NO, he did not win the game of life, since they turned down the offer.

So its 0$ right now

::emp::
 
Why? It's 3b fucking dollars, he won the game of life at 23.

He could fuck 5 hookers a night and snort a half oz of blow every day for tyhe rest of his life and be fine. I don't think even I could blow through 3b dollars in a lifetime...

Or, he could go the Mark Cuban route and use the cash to fulfill his dreams.

Or, he can not sell and keep on running SnapChat. That is the great thing about success, it gives you options.
 
MFC girls often have statuses such as snapchat 999 tks. I never understood what that meant until now. Cool stuff
 
Why? It's 3b fucking dollars, he won the game of life at 23.

He could fuck 5 hookers a night and snort a half oz of blow every day for tyhe rest of his life and be fine. I don't think even I could blow through 3b dollars in a lifetime...

It ain't about the money homie

You're witnessing an ego game called silicon valley
 
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.

Steve Jobs' Vision of the World - YouTube

An there's this, Developing iOS 7 Apps for iPhone and iPad by Stanford free on itunes.

Course Description
Updated for iOS 7. Tools and APIs required to build applications for the iPhone and iPad platform using the iOS SDK. User interface designs for mobile devices and unique user interactions using multi-touch technologies. Object-oriented design using model-view-controller paradigm, memory management, Objective-C programming language. Other topics include: object-oriented database API, animation, multi-threading and performance considerations.

Prerequisites: C language and object-oriented programming experience
Recommended: Programming Abstractions

Offered by Stanford’s School of Engineering and released with a Creative Commons BY-NC-SA license. If you have disability-related accessibility questions, please email cs193p-accessibility@lists.stanford.edu.
 
Why? It's 3b fucking dollars, he won the game of life at 23.

He could fuck 5 hookers a night and snort a half oz of blow every day for tyhe rest of his life and be fine. I don't think even I could blow through 3b dollars in a lifetime...

Read his bio and the lawsuits he is currently involved in -- he won the game of life when he was born into a wealthy family outside Malibu, lol.

Money was never a worry for him and his father had access to people with deep pockets most people don't. Turning down an offer like that from FB is much easier when you've never had to struggle financially. Heck, his company has never made a dime and burning through cash like crazy. He was in a position that majority of entrepreneur's never have to worry about... that pesky "profitability" thingy...
 
Why? It's 3b fucking dollars, he won the game of life at 23.

He could fuck 5 hookers a night and snort a half oz of blow every day for tyhe rest of his life and be fine. I don't think even I could blow through 3b dollars in a lifetime...

That's about $1k in drugs and $1k in hookers.

Considering a generous life expectancy of 70 years old (after snorting coke daily), 47 years straight of coke and whores would be 17,155 days total.

17,155 days x $2,000 coke and whore expenses = $34,310,000 spent on a lifetime of daily coke and whores.

Breaking just a billion would be difficult.
 
It won't take too many headlines like this before offers begin to rapidly dry up, let alone ones for $3 billion...

Ten Laval teens face child pornography charges | CTV Montreal News

If Snapchat becomes synonymous with child pornography, and teens getting arrested for sending/receiving it, then I'm not sure other companies will want to be associate with that brand.

I don't understand why they're being offered any money at all for Snapchat... Vine had 6 second videos, Instagram/Facebook wanted it but they wouldn't sell (iirc), so Instagram simply came up with its own 15 second video recording feature.

Why doesn't Facebook just develop and add 'FacePalm' (tm) to its app - take a photo, send it to a friend, and it'll disappear in *11* seconds. 8-/