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Report: Google rebuffed after offering $4 billion for Snapchat
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The following comments relate to this news article:

Report: Google rebuffed after offering $4 billion for Snapchat

article published on 16 November, 2013

Just days after it was revealed that Facebook tried to buy popular mobile app Snapchat for $3 billion and was turned down, it appears that Google tried make a similar offer, to no avail. The reports say Google offered $4 billion in cash, but the search giant was also rebuffed. It appears that Snapchat CEO Evan Spiegel believes the company's growth is so exponential that it is worth ... [ read the full article ]

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KillerBug
AfterDawn Addict

1 product review
_ 		16. November 2013 @ 18:04 _ Link to this message    Send private message to this user   
That's insane...$4 billion for a service that is of little use other than sending naked pictures to people that you don't trust with naked pictures, and whom have no technical skills whatsoever...which could easily be copied by FB or Google with the only concern being a $1 billion settlement...and they turned it down?
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DVDBack23
Staff Member

4 product reviews
_ 		16. November 2013 @ 19:17 _ Link to this message    Send private message to this user   
Originally posted by KillerBug:
 That's insane...$4 billion for a service that is of little use other than sending naked pictures to people that you don't trust with naked pictures, and whom have no technical skills whatsoever...which could easily be copied by FB or Google with the only concern being a $1 billion settlement...and they turned it down?
Rumor is one of the company's big angel investors was also an investor in Instagram and is pissed Systrom only took $1 billion and wants to milk this for what he can.
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A5J4DX
Senior Member
_ 		16. November 2013 @ 20:28 _ Link to this message    Send private message to this user   
In cash!!!! Damn I wouldn't turn that down!
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Mrguss
Senior Member
_ 		17. November 2013 @ 18:25 _ Link to this message    Send private message to this user   
As the number of users on their network increases, so the price.

P.S. Interesting to see a non-revenue app, go for $4B.
Is more like: Feeding the "bubble-cow".
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Live Free or Die.
The rule above all the rules is: Survive !
Capitalism: Funnel most of the $$$ to the already rich.

This message has been edited since posting. Last time this message was edited on 17. November 2013 @ 18:28
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