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I still can't believe they turned down $3bn.

• k-mcgrady 12y ago
  Look at how much Facebook paid for Whatsapp. Features like this new chat feature will probably help SnapChat grow a lot bigger - then Facebook will come back with a much bigger offer.
  • sillysaurus3 12y ago
    Can Facebook afford a much bigger offer?
    • adventured 12y ago
      $152 billion market cap. They produced $922m in free cash flow in Q1 and had $12.63 billion in cash at the end of Q1 (so they have plenty of cash as well). Zuck can use it all at his discretion. They could drop $20 billion on Snapchat tomorrow morning and there's nobody that can stop Zuckerberg from doing it if he thinks it makes sense.
  • KhalPanda 12y ago
    Maybe. I can't think of much I could do with "maybe" $30bn, that I couldn't do with "definite" $3bn though! - A lifestyle programmer.
    • ulyssesgrant 12y ago
      Well said. Pigs get slaughtered, too.
• jackvalentine 12y ago
  The founder, Evan Spiegel, was born in to a rich family. He doesn't need to worry about a huge exit to make his buck in. It's in some ways nice to have a fun little app reject a huge corporate takeover and just keep developing in its own direction without any kind of cloud hanging over it.