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Snapchat Refuses $4 Billion Offer from Google Too

After rejecting the proposal of $3 billion from Facebook, Snapchat has reportedly rejected another wooer. It has just refused a $4 billion offer from Google.

Nov 15 2013, 5:35am CST | by

11 Updates
Snapchat Refuses $4 Billion Offer from Google Too
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Snapchat Refuses $4 Billion Offer from Google Too

Snapchat has a superiority complex alright. After rebuffing Facebook’s attempts at acquiring it, it has even reportedly fended off the moves made by Google. Google thought that by offering it an extra billion, it would easily bag the messaging company. But it was not to be. 

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 like Instagram 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.  

Source: ValleyWag via The Verge

 

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These 11 Colleges Have Minted A Ton Of Successful Tech Executives

Source: The Business Insider

Though many of tech's most successful entrepreneurs are college dropouts — Bill Gates, Mark Zuckerberg, and Michael Dell, just to name a few — a degree can goes long way when it comes to starting a business.  Whether it's because of a strong business and engineering curriculum or a helpful alumni network, some top universities tend to produce more tech executives than others. We've rounded up some of the most powerful schools for tech here ...
Source: The Business Insider   Full article at: The Business Insider 1 day ago, 4:43pm CDT
 


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Update: 10

Psst! The Founders Of Secret, The 6-Month-Old Startup Worth $100 Million, Just Pocketed $6 Million

Source: Business Insider

Wouldn't it be nice to put in six months of work and make $6 million? That just happened for the founders of Secret, a 6-month-old anonymous social networking app that raised $25 million at an eye-popping $100 million valuation earlier this month. During the round of financing, investors let founders David Byttow and  Chrys Bader-Wechseler sell restricted stock in exchange for $6 million in cash, which sources say they split. When asked about the new-found mi ...
Source: Business Insider   Full article at: Business Insider 4 days ago, 2:44pm CDT
 

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Update: 9

Report: Yahoo Buying Mobile App Company Flurry

Source: AdWeek

Yahoo is buying Flurry, a mobile app advertising and data company, according to a report this morning. CEO Marissa Mayer's latest acquisition would give Yahoo a bigger presence in mobile advertising, an area in which it has noticeably lagged. Flurry will cost "hundreds of millions of dollars," according to Re/Code, which broke the story on the acquisition, citing unnamed sources. Yahoo watchers have expected the company to make a bigger move into the mobile marketing space ...
Source: AdWeek   Full article at: AdWeek Jul 21 2014, 3:06pm CDT
 

Update: 7

General Electric's First Snapchat Is One Small Step for Brand Kind

Source: AdWeek

General Electric is blasting off on Snapchat, sending out cryptic-but-fun drawings that depict space travel and science while hinting at an announcement tomorrow that is tied to the 45th anniversary of the moon landing. The messages represent the industrial giant's first "snaps"—which is the platform's vernacular for disappearing digital messages— while joining a growing list of brands that use the service to chat with fans. GE is known for its social-media prowe ...
Source: AdWeek   Full article at: AdWeek Jul 15 2014, 1:14pm CDT
 

Update: 6

How To Use Snapchat's New Geofilters, A Feature It Kept Hidden Until Now

Source: The Business Insider

Snapchat has been testing its geofilters feature for some time now, but now everyone can use the feature — if you're physically in the right place. Geofilters let you add specific, location-based filters to your photos. For example, if you snap a picture in Manhattan, you'll see different geofilters compared to if you were in Brooklyn. Some think Snapchat may eventually monetize geofilters by stuffing ads into them when you send snaps from certain locations. To see which geofilters y ...
Source: The Business Insider   Full article at: The Business Insider Jul 15 2014, 10:09am CDT
 

Update: 5

4 Years Ago, A Stanford Student Named Evan Spiegel Left A Comment On TechCrunch And Got Slammed...

Source: The Business Insider

No one should be underestimated, as evidenced by a comment thread on TechCrunch from four years ago.  Then, a founder who raised $10 million in one year wrote a guest post. One of the first comments on the article was written by a user named "evanspiegel." Evan Spiegel is the co-founder of Snapchat, a multi-billion-dollar messaging app. Then, Spiegel was still in school and he was working on a venture that turned into ...
Source: The Business Insider   Full article at: The Business Insider Jun 26 2014, 8:12am CDT
 

Update: 4

If this article offends you, I’m sorry

Source: The Washington Post

Public apologies are like currencies: The more they’re issued, the less they’re worth. Nearly every day, another famous offender expresses the deepest of regret for doing — or usually saying — something awful. It could be Snapchat co-founder Evan Spiegel apologizing after misogynistic e-mails he sent his Stanford University fraternity brothers back in 2009 and 2010 came to light. (“They in no way reflect who I am today or my views ...
Source: The Washington Post   Full article at: The Washington Post Jun 20 2014, 2:39pm CDT
 

Update: 3

MLS turns soccer stars into superheroes — literally

Source: Digiday

Did you see Holland’s Robin van Persie fly through the air like Superman during the opening match of the World Cup? It was incredible, maybe even superhero amazing. Check it out if you missed it: The notion that athletes are heroic is nothing new. Now, Major League Soccer has brought that idea to life in a new lo-fi, high-tech digital campaign for the World Cup. Pro athletes are the closest thing we have to superheroes in real life (unless you count Catman who keeps the streets of Middle Tennes ...
Source: Digiday   Full article at: Digiday Jun 20 2014, 7:01am CDT
 

Update: 2

Week in Tech: Week in Tech: Amazon sets fire to phone market, 3D is saved and Nexus nixed

Source: Tech.co.uk

In years to come, we'll tell our children that Amazon wasn't always the only company on earth - and they'll laugh at us, and make goofy faces when they think we're not looking. Jeff Bezos's latest step towards total world domination is an Amazon-powered phone, but is it good enough to rival iPhone 6? And will there even be a Nexus 6 for it to face off against? If only there was a fact-filled weekly missive that could answer those questions and mo ...
Source: Tech.co.uk   Full article at: Tech.co.uk Jun 20 2014, 5:10am CDT
 

Update: 1

Five things to start the day: Facebook's Slingshot, free cash in St. Pete, SunTrust lights up

Source: Tampa Bay Business Journal

What happens when a deal to acquire a popular app falls through? Make your own. Even though Facebook ended negotiations to buy Snapchat last year, the company still wanted in on the appearing/disappearing photos game. Enter: Slingshot. Facebook released the new app this week, one that emerged from a hackathon held late last year, according to the New York Times. Not sure you can make money from T ...
Source: Tampa Bay Business Journal   Full article at: Tampa Bay Business Journal Jun 18 2014, 6:39am CDT
 

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<a href="/latest_stories/all/all/20" rel="author">Sumayah Aamir</a>
Sumayah Aamir (Google+) has deep experience in analyzing the latest trends.

 

 

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