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Hate to be negative, but this could be their "Groupon Moment". When Google offered Groupon $6bn for the company, they said no because they thought the hockey s
by habosa 13y ago
Hate to be negative, but this could be their "Groupon Moment". When Google offered Groupon $6bn for the company, they said no because they thought the hockey stick would never end. Now they're in shambles, and nobody is cashing out like they thought.
Snapchat is a GREAT product, but the potential for monetization is limited and there are a lot of negative things about its security coming out lately. Seems like a good time to "take the money and run", but maybe they'll prove me wrong.
- jobowoo 13y agoGRPN is at ~6.8bn market cap right now.
- gaadd33 13y agoAssuming a 5% rate of return since that offer (2010) that money is now worth 6.95B, so GRPN is still below and at best, equal to that value.
- marvin 13y agoThen again, I'm not sure this is a very meaningful answer - the variance in startup valuation is huge, so it could just as easily be $8 billion today, just through randomness.
- byoung2 13y agoHate to be negative, but this could be their "Groupon Moment". When Google offered Groupon $6bn for the company, they said no because they thought the hockey stick would never end. While that was part of the reason, there were other reasons as well. They were concerned that regulators would block the sale, so they were seeking a bigger "breakup fee" than the $800 million Google offered. http://www.businessinsider.com/groupon-google-deal-turn-down-2012-6 http://www.businessinsider.com/groupon-google-deal-turn-down...
- tanzam75 13y ago$800 million is a fairly good breakup fee for a $6 billion deal.
- wcummings 13y agoI'm not sure anyone ever claimed snapchat was "secure".