4 ms·
He should apologize for turning down $3B USD from Facebook. edit - To answer your question: to his shareholders and employees holding options, because it was t
by 3am 13y ago
He should apologize for turning down $3B USD from Facebook.
edit - To answer your question: to his shareholders and employees holding options, because it was the right decision from a CAGR perspective.
edit 2 - if they get acquired 2 years down the line for $5B, it will still just be a CAGR of less than 30% from the FB offer. It's OT though, so I'll leave the post up to collect my downvote punishment.
- eli 13y agoWhy? And to Whom?
- sschueller 13y agoThat would have been the right decision. However Facebook making such an offer is just nuts. What are they buying? 90% or more of the snapchat user base is on Facebook. Why dont they make their own? Make a seperate app, make a new brand and push it on fb.
- minimaxir 13y agoThey did make a separate app called Poke and it was heavily pushed. It worked out as you would expect.