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Just finishing up destroying Yahoo and getting sued for firing all her male employees.Somebody will buy it and finish running it into the ground, what's Marissa Mayer been up to lately?
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23 Yr Old Snapchat CEO Turns Down 3 Billion Offer From FB
- Thread in 'General' Thread starter Started by realshoemice,
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Would've probably still sold at 3 bil and enjoy life 
I also think there's not much growth potential on its own.
I also think there's not much growth potential on its own.
OBAMA
formerly kill moves
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Even if the value of Snapchat plummets in the coming years, it's still pretty admirable to bet on yourself and try to make an empire already being than it is.
I do know Snapchat and Facebook are my go to social media networks.
I do know Snapchat and Facebook are my go to social media networks.
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Yeah I try to tell my people on Twitter that we will be lucky to get another 5 years out of it.
They think it will be around forever .
They think it will be around forever .
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i wonder if twitter went all in with the curation thing, would it help their situation (admittedly i hardly ever use twitter so maybe the have already done this?)
definitely, the guy (and the team around him) built something into an objective level of success...that is an accomplishment in & of itself, even if the never become 'the next_____"
nothing lasts forever but twitter seems to be unique amongst the social networks, in ways that both probably help & hurt it, its decline in growth doesn't necessarily mean it can't still be a viable platform
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Twitter is indispensable and serves a unique purpose among all the social networks. It will never grow to even half the size of FB because it's purpose (raw, real time news, what's happening) doesn't appeal to the masses (billions) and is borderline niche. But I do think it can grow to somewhere around the ~500M monthly active user amount if they can make it easier to use.
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Lol look at what you just said. Make it easier to use. It doesn't get much more simpler than it is now.
Hardest part about Twitter is finding people who you find interesting and to interact with you.
How long can a company go without turning a profit? Twitter should have never IPO'd .
Hardest part about Twitter is finding people who you find interesting and to interact with you.
How long can a company go without turning a profit? Twitter should have never IPO'd .
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The main reason Twitter wasn't bought is because they can't scale their active daily users. Trolls/ fake accounts everywhere.
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These dudes doing it wrong by trying to hold on forever. Build it up then sell it high. They get too attached.
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Maybe the plan is to prove Snap can bring in 1b in revenue a year and then sell it? [emoji]128527[/emoji][emoji]128521[/emoji]
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That's something to consider w/ Twitter the amount of fake accounts. I also think that the high frequency of tweets also hurts its platform. You follow x amount of people and you have 1000 new tweets every minute when you didn't even get to sift through the ones you already got that you haven't read. It's fine w/ regular people but not for the actual businesses/companies/organizations/etc. That's why I think FB and Twitter together serves a better purpose.
FB buys Twitter, Facebook limits status updates to once every 5-10min, that would get people to use Twitter for their watching parties since the frequency of tweets would be higher than the FB statuses, it's a win/win but will never happen.
FB buys Twitter, Facebook limits status updates to once every 5-10min, that would get people to use Twitter for their watching parties since the frequency of tweets would be higher than the FB statuses, it's a win/win but will never happen.
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Facebook was offered it as well and declined. Jack has been trying to sell since Q2 this year and no one is biting. Such a shame.
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Dude missed his opportunity, it won't sale at $3b now since cats know it aint worth that and even w/ that crazy valuation (which I don't know where they got that from) it's not worth anything over $1b at this point.
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How does this even work? Twitter has over $2 billion in revenue and $2 billion in cash sitting on its balance sheet. How is it not even worth $1 billion? lol
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didn't know this, haha...yea that could make judging the audience difficult!
wouldn't think they need to limit the rate of statuses, but it does seem they do need a way to highlight not only tweets but sets & back forth of streams of conversations
couldn't tell you what they are worth but, revenue ≠ profit, they might be spending more than they are making...
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My bad, I quoted Snapchat's offer and not Twitters but the point still remains. And like
tokes99
said, revenue does not equal profit. Cutting their sales team by 20% means something.
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NT should buy twitter.
I got 5 on it.
I got 5 on it.
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Wayyy too attached lol. If I get offered a few Ms for my app I'm selling ASAP.
So with 3Bs I would have been sold.
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Have to realize his parents are worth like 500m as it stands.
JonathanLegend
formerly swagkingcole
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Plus his net worth is $2.1 Billion right now as it stands before even doing the IPO. If he would've sold Snapchat for $3B when it was offered he wouln've netted only $750M.
But some companies are smarter by selling it. Like Groupon should've sold when it had the chance cause it's not worth anything now, but he definitely made the right decision.
But some companies are smarter by selling it. Like Groupon should've sold when it had the chance cause it's not worth anything now, but he definitely made the right decision.
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How much of that networth is liquid though? And if his net worth is anything like the apps valuation, then He's gon make a killing with the IPO but there's going to be a lot of people who get taken to the cleaners if they invest in the company. Every company should think, "do I have more value and more to offer than Twitter?" if the answer is no or yes but you have to convince yourself the same way Mike Tomlin convinces himself, then you should not go public.
He's gon make a killing with the IPO but there's going to be a lot of people who get taken to the cleaners if they invest in the company. Every company should think, "do I have more value and more to offer than Twitter?" if the answer is no or yes but you have to convince yourself the same way Mike Tomlin convinces himself, then you should not go public.
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How much of that networth is liquid though? And if his net worth is anything like the apps valuation, then
He did state that this is "not about the money and if it was", he stated that he "would have sold it to FB a while back". Aside from his massive stake in Snapchat, he does get paid very well..Just like any other CEO. He bought a mansion for $12mill a few months back low key. Also the Private Equity firms and others who invested the seed $ are not stupid, they do their due diligence effectively. They are not just handing cash out in a series of investments just based on speculation, the founders have to hit specific goal targets. Same thing for the Investment Banks who are involved in the IPO, the valuation does not come out of thin air. Twitter and Snapchat are different animals, why should any other start up compare themselves to Twitter?
. Unless ofcourse, we are talking about a micro blogging start up. The decision to go public is not a one person decision, everyone who is involved from the founders to the equity holders decide on it. Snapchat has huge potential, from the way they deliver news that people actually click on and watch to massive trove of individuals data that they can use to monetize.
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The Brentwood house wasn't quiet at all. He actually had a Snap party there [emoji]128514[/emoji][emoji]128514[/emoji][emoji]128514[/emoji]
He also bought a Malibu beach front spot.
He also bought a Malibu beach front spot.
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WTF LMAO these kids come from money, I don't.
Like I said if a company wants to buy my app for 1M-5M THEY CAN HAVE IT