If doing things your own way is the goal, you get to do things your way with $3 Billion. I don't see a lot of people bossing the Bill Gates and Larry Ellisons of the world.
Apparently its all the rage in schools according to my wife (teacher). At least people are starting to catch on that you don't want certain photos or texts out there forever. Despite the flawed implementation its progress.
Your wife the teacher knows a lot about an app that students use to make sure the pictures disappear...
:hmm:
Well, she did just attend a seminar given by a guy with a brown van
To be fair a few articles I read on it say Snapchat is valued at close to $4.5B. I guess if they saw it as hugely undercutting their worth an argument can be made for not selling. That's current valuation as well so who knows if it could go up.
They have zero revenue.
zero.
who are the wizards that valued a zero revenue "business" at 4 billion dollars, and who do I need to blow to get a job paying me 6 figures per year to pull such dumbshit valuations out of my ass?
Quick someone start a "Snapchat Death Watch" thread...
Honestly it is tough to gauge these social networks. I mean Twitter is worth $25 billion. Feels like 1999 all over again with these things.
I would love to know what their actual operating expenses are and how much they put in. Even the $200 mil the Chinese company put in for %5 seems crazy.
Facebook already has a Snapchat clone called Poke. No one uses it, ever.