Would you turn down $3 billion?

[smackababy]

I don't understand the hate some of you have for Snapchat. I'm sure you're all the same ones bitching about people posting stupid things on Facebook. Well, Snapchat doesn't let you see that stupid stuff again, so it is the best thing for young morons.

Also, the fact that Facebook tried to buy it says a lot about it. Instagram was purchased and is declining, especially with Facebook sending out ads.

 

[arkcom]

It's not like they said, "here's $3b, you can never create anything again."

1. A lot of creative types don't really care about money. They need living expenses, but if that is taken care of they would rather have control over their own product than taking orders from someone else.

2. You don't know the details of the offer, it might only be worth $3B after a certain number of years and only if everything goes a certain way. I'm sure they have very smart finance people working for them, they know they can get a better offer if they wait.

 

[l0cke]

Their board of directors must be filled with greedy arrogant d-bags.
This apps is bullshit, and can be easily replicated/ripped off, bunch of morons.

Facebook already has a Snapchat clone called Poke. No one uses it, ever.

 

[Markbnj]

Well, Snapchat doesn't let you see that stupid stuff again, so it is the best thing for young morons.

http://nakedsecurity.sophos.com/201...disappeared-forever-stay-right-on-your-phone/

 

[Newbian]

LOL, I saw this story this morning and thought it was 3 Million. I did a double take when I realized it was a B and not an M.

What kind of moron turns down 3 Billion dollars for somthing that teenagers use to send pictures of their junk to each other?

Ehh it's going to get shut down for distributing child porn in a bit,stolen from another thread.

http://arstechnica.com/gadgets/2013/11/ten-boys-arrested-for-child-porn-distribution-connected-to-snapchat/

 

[gotsmack]

It's not like they said, "here's $3b, you can never create anything again."

It's more like: Here is $3B, but you can only have it after X years and you have to produce results while listening to everything I tell you. Otherwise it'll be less. We're wired differently than creative types.

I met that the artist that painted the famous Obama painting that looks like a Warhol. He refused to sell it even though he could paint more and last I heard it was just sitting in someone's garage somewhere.

 

[TridenT]

http://nakedsecurity.sophos.com/201...disappeared-forever-stay-right-on-your-phone/

On top of that, people can still do a screen cap. So... I wouldn't put anything in snapchat that I wouldn't want others to see.

 

[sandorski]

I would give up my balls for $3billion.

 

[TwiceOver]

OK... Turning town $3B is pretty dumb. Turning down $4B is just asinine.
http://mobile.theverge.com/2013/11/15/5106950/google-snapchat-4-billion-buyout-rumor

 

[dank69]

If a bird in the hand is worth 2 in the bush, what is 4B worth?

 

[xanis]

In a second. I couldn't sign the papers fast enough. Snapchat's worthless, and I'd feel pressure to get out before everyone woke up and realized it.

Yep, this. Take the money and run. If that was me, I would have sold out for a whole lot less than $3 billion, but hey...

 

[Newbian]

On top of that, people can still do a screen cap. So... I wouldn't put anything in snapchat that I wouldn't want others to see.

Ehhh dumb people will always do stupid stuff.

This is not always a bad thing as it can provide us with free porn.

 

[Fingolfin269]

At $3B what could you possibly be holding out for? $4B? $5B? Is that worth the risk?

I always think of Digg when I think of just how quickly the tide can turn.

 

[soulcougher73]

I would sell only for the fact i have no idea what snapchat is so it must be worthless.

 

[lxskllr]

http://nakedsecurity.sophos.com/201...disappeared-forever-stay-right-on-your-phone/

http://arstechnica.com/gadgets/2013...hild-porn-distribution-connected-to-snapchat/

It's a bullshit app that provides bullshit security, making the less technical feel they're safe. It's the equivalent of selling triple bolt deadlocks for screen doors.

 

[Vdubchaos]

1. A lot of creative types don't really care about money. They need living expenses, but if that is taken care of they would rather have control over their own product than taking orders from someone else.

2. You don't know the details of the offer, it might only be worth $3B after a certain number of years and only if everything goes a certain way. I'm sure they have very smart finance people working for them, they know they can get a better offer if they wait.

Agreed with 1 and 2. We don't know the details/clause in the agreement.

If I owned a company and was happy with it and future looked bright....I wouldn't take 3 billion.

Also many people here forget that with great power comes great responsibility.

 

[TwiceOver]

Agreed with 1 and 2. We don't know the details/clause in the agreement.

If I owned a company and was happy with it and future looked bright....I wouldn't take 3 billion.

Also many people here forget that with great power comes great responsibility.

Now... If the company you owned that "looked bright" was an internet fad favored heavily by teen popularity, would you still not sell?

 

[Markbnj]

http://arstechnica.com/gadgets/2013...hild-porn-distribution-connected-to-snapchat/

It's a bullshit app that provides bullshit security, making the less technical feel they're safe. It's the equivalent of selling triple bolt deadlocks for screen doors.

Yeah, and unfortunately the people they were selling it to are, for the most part, kids.

 

[JManInPhoenix]

http://arstechnica.com/gadgets/2013...hild-porn-distribution-connected-to-snapchat/

it's a bullshit app that provides bullshit security, making the less technical feel they're safe. It's the equivalent of selling triple bolt deadlocks for screen doors.

roflmao

 

[darkewaffle]

Definitely would have sold. It's going to be relatively quickly dropped like most flash in the pan apps in the next year or two imo.

 

[DAGTA]

I nominate this thread for Fail of the Year. Not for the OP, but for the owners of Snapchat. That's going to sting when they realize they pissed away $3B

 

[HardcoreRobot]

of course. even if you were able to DOUBLE the value and still find a buyer. what will 6Bn buy that 3Bn won't? Obviously there is still room for a higher payout but when you are talking in the billions I think you take the money and run.

You can always build another product/app.

 

[M0oG0oGaiPan]

i would have sold for 1 billion.

 

[trmiv]

They're going to be kicking themselves when they have to sell to some company owned by Joey Fatone in a year for $20 million.

 

[lupi]

1: They've already seen offers larger and are using that to leverage higher offer from those they would rather sell to.

2: it's not like any one erson is pocketing $3B.

3: Most of you would have wet yourself when the early talks starting reaching 8 figures.

4: Can't wait for the next tech bubble burst after all these buyouts.