4 ms·
Are Snap and Dropbox really examples of what companies should do??
by leadingthenet 6y ago
Are Snap and Dropbox really examples of what companies should do??
- rvz 6y agoFor resisting to selling your company because of another competitor wanting to buy you out? Yes, that is the example I'm talking about, not what they actually do which you seem to have insinuated. You would have asked the exact same question 24 years ago when Apple was months away from bankruptcy at the time even when it was in legal battle with Microsoft and Intel. It's also not limited to those companies I mentioned, but 15 years ago, Microsoft, Google, Viacom, Myspace, Yahoo, AOL all wanted to buy Facebook pre-IPO and FB resisted all attempts and they have now become highly profitable themselves as such that they have owned the social media market. Even Netflix was approached an offer of $50 million by Blockbuster and resisted a buyout. Given the hindsight of the growth of those companies, including Apple and Facebook, had you'd been the CEO of either of them, you'd think that selling wouldn't have been a good idea.
- leadingthenet 6y agoRight, but my point was that both Snap and Dropbox would’ve been better off being bought out, imo. Netflix and Facebook, sure, but you didn’t quite use a convincing example to support the argument. Not that I disagree with the spirit of what was said...