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Snapchat is worth 3-4 billion because someone offered to buy them or invest for a percentage that valued them at that price. People arguing whether or not it i
by lotso 13y ago
Snapchat is worth 3-4 billion because someone offered to buy them or invest for a percentage that valued them at that price.
People arguing whether or not it is worth that price are silly. It's like arguing whether a house is worth the asking price. It is if there is a buyer who values it at that price.
- skwirl 13y agoThis is a silly and useless comment. "Why did Facebook offer $3 billion for Snapchat?" "Because Facebook offered $3 billion for Snapchat." Thanks.
- lotso 13y agoNo. The comment is "Why is Snapchat worth $3 billion? Because Facebook is willing to pay that much and investors are willing to invest at that valuation."
- trendoid 13y agoand everyone here is asking this : WHY/HOW "Facebook is willing to pay that much and investors are willing to invest at that valuation"?