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Is it possible that Snapchat is interested in slightly more than money? When a few 20-something year olds get valued at ~$3 Billion, I think it's fairly likely
by thrush 13y ago
Is it possible that Snapchat is interested in slightly more than money? When a few 20-something year olds get valued at ~$3 Billion, I think it's fairly likely that they've made some money already, probably to the point that they will be set for life. It seems that Snapchat is an opportunity for them to leave their mark on the consumer software world.
Besides, Snapchat is certainly an outlier and I don't think that bubble indicators rely on outliers. A better indicator may be the new selfie app that Bieber backed, but I'm not sure that I'd lump the two together in the same category (Snapchat is many degrees of magnitude more popular and successful at acquiring a user base).
- frankdenbow 13y agoExactly. They already cashed out 10mm each for the founders so makes sense to go for the win.