GigaOm founder Om Malik states in his tweet, "After Facebook offered $3B Google offered $4B but evanspiegel said no! Nice way to drive up valuation."
Evan Spiegel, the CEO wants to play the waiting game. The boss knows the value of his company and he wants to make it even higher with the passage of time. Even Tencent offered a price of about $3.5 billion, yet it too was turned down by Snapchat. Playing hard to get has become a way with Snapchat.
The main reason behind this negative attitude of mass rejection is that Snapchat could increase its user base considerably during the holiday season. Were it to make it to the 400 million snaps per day mark, it would be valued more than Google’s $4 billion offer.
Snapchat seems to have its eyes set on higher goals. It is quite a successful not to mention progressive venture. And with its current rate of growth rising steeply, it is not long before it will reach a high level of proficiency and productivity.
That is the day it is waiting for. For then it will be worth a lot indeed. It is likeInstagram which increased its investment potential twofold almost in one day’s time. Until the time it decides to sell itself, Snapchat is definitely a part of the rumor mill.
Deion Sanders' School Opens Despite Losing Charter
Pro Football Hall of Famer Deion Sanders' Prime Prep Academy in Fort Worth, Tex. opened this week despite its location -- in a shopping center across an adult shop -- being disapproved and losing its charter.
The “geek mind” is concerned with more than just the latest iPhone rumors, or which company will win the gaming console wars. I4U is concerned with more than just the latest photo shoot or other celebrity gossip.
The “geek mind” is concerned with life, in all its different forms and facets. The geek mind wants to know about societal and financial issues, both abroad and at home. If a Fortune 500 decides to raise their minimum wage, or any high priority news, the geek mind wants to know. The geek mind wants to know the top teams in the National Football League, or who’s likely to win the NBA Finals this coming year. The geek mind wants to know who the hottest new models are, or whether the newest blockbuster movie is worth seeing. The geek mind wants to know. The geek mind wants—needs—knowledge.