Snapchat Turns Down Facebook's $3B, as User Numbers Grow: Report
Found on eWEEK on Thursday, 14 November 2013
Snapchat is a mobile app that that lets users, mostly teenagers—mostly girls—add captions to photos or videos and share them with friends, and then make the content disappear. Photos can only be sent in the moment—no uploading later. Young girls take pictures of themselves making silly faces, Carlos Danger types maybe send more lascivious content, and then poof! Gone. Unless the recipient grabs a screenshot.
$3B for a service which has no revenue and no real business plan besides "let's make it easy for teens to send each other nude pics". They are pretty stupid for turning down such an offer. Especially money from Zuck, who sees this as his chance to buy back the young generation which is running away from Facebook. That won't work though. Zuck should say hello to Myspace; they will share the same fate soon.