Snapchat back hands Facebook

This is starting to be 1999 money all over again. It has to be a bubble. It has to be.

 

Yep. I would not want to get caught holding the bag on an individual stock when the reckoning comes (again).

Lucent, Qualcomm ... oh the names.

Be fearful when others are greedy, be greedy when others are fearful. It's time to be fearful.

 

Another point to consider might be how much the folks behind Snapchat think they can really get for their service. Sure, $3 billion is a lot of money, but who knows how serious talks are with other companies who are interested. We know that Facebook made the $3 billion offer while others haven't offered as much, but what if others came back and offered more?

For all we know, this could be Snapchat's ploy to drive the price up further.

And then there's the mention of Microsoft buying a stake in the company. Who knows if that will become more than it is now.

There's a lot of things that could be going through the minds of Snapchat's founders. While it's true that these social media platforms may not really be worth $3 billion, whenever it comes to buying and selling companies, those involved only let people know what they want them to know.

 

Junk pics are here to stay.

Hold out for twice that amount.

 

Wired agrees with many of us here...

http://www.wired.com/business/2013/11/facebook-snapchat/

 

It's only a dumb decision until they cash out for $5 billion. Then it's a brilliant decision. I can't imagine there is any reason to hold out other than you think it's a weak offer. So the Yankees made an obscene offer. Guess what? The Rangers just might make a better one. And in six months, will SnapChat be "over?" Maybe. That's the game of chicken though. Even if it's "over" someone still might pay $900 million for it. That's still Eff You money.

 

$3 billion is really closer to $2 billion after taxes.

 

I bet Evan Spiegel moves out of California so he can pay a lower rate.

 

One possible other reason noted in the story is that Spiegel doesn't want to work for Zuckerberg, for whatever reason.

 

You were kind not to go with Pets.com, WebVan.

 

Rumor is, this gentleman also turned down $4 billion from Google.