I don't believe there is a substantive difference between 3 and 4 billion dollars. So if it's money that he wants, IMO that decision is a mistake.
Ya definitely. With 3 billion he could really invest into something much larger and with potential for a bigger impact than what he has done with Snapchat. Snapchat seems to have cornered a niche market - but how much can it really grow from this? I mean it is for teenagers (and potentially smart politicians) to send naked pictures of each other without risking public embarrassment and humiliation. On a side note - I'd like to see what Hubski could do with just 100,000 dollars. I bet it would be more substantial than Snapchat.
I don't know if I quite see snapchat like that. Yeah there is the whole sexting angle but setting that aside for a moment, I think about all the social networks out there where nobody communicates with their connections authentically because they are so worried about all the different audiences reacting to every little missive. Maybe Snapchat's value as a brand is that it is not just temporal, but trusted by virtue of the mechanics. Sexting is probably just a small fraction of the traffic, -in most cases it's a communications tool that let's you connect with people, say what you need to say and move on without having to think about repercussions. It's just mentally easy, even if what you're saying is mundane. Heck, due to employers increasingly stalking people's social graphs, it's probably preferable for some people to use snapchat for something as innocuous as asking a friend to meet up for a beer. That being said, wtf were they thinking. 3 billion. Sort of feels like a gamble to bait a higher price from a Facebook competitor. So many messaging apps out there could just implement this feature.
As far as I know, the only competitors with wallets that big are Google, Microsoft, and Apple. The only one I can see making an offer is Google, and I doubt they would make a higher one.That being said, wtf were they thinking. 3 billion. Sort of feels like a gamble to bait a higher price from a Facebook competitor. So many messaging apps out there could just implement this feature.
True. Can you imagine if Twitter had accepted Google's offer? That was pre-Google+. That would have had a big impact on Google's strategy, and their response to the ascension of Facebook. I think Twitter would be very different now if Google bought it, probably for the worse.
I agree it would be worse. But I'm sort of wondering how Twitter is going to make itself worse by itself, -It just IPOed for over 15 billion valuation and has never turned a profit? Don't get me wrong, I think they'll make money, but they won't be able to monetize for their valuation and look the same.