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1 Facebook supposedly offered up 1 Billion for Snapchat offer
Simply when photo sharing service Snapchat began searching around for a spare 200 million in financing, The Wall Street Journal reported that Facebook's CEO, Mark Zuckerberg, had made an offer upwards of the 1 billion dollar mark-- the quantity Facebook paid out for Instagram the day after the company went public.
Snapchat blew off Facebook's offer and the social network has immediately gone on the defensive, informing The Wall Street Journal that it doesn't reply to rumors or speculation. At least not while Zuckerberg is licking his injuries and preparing for the second round.
The comparable 1 billion deal with Instagram was said to be a technique that can assist enhance Facebook's staying power, as the social network morphs into the ageing giant of the social blogging world. Nobody wants another occurrence like Myspace and Facebook has struck saturation point with obtaining brand-new users. Everybody is on Facebook-- which, some records state, is a turn off in itself for more youthful users-- and unless Zuckerberg discovers a brand-new audience soon they will not have the ability to fit lots of more seats around the table.
Our bet is that Facebook will be wanting to at first bring Snapchat under the Facebook business umbrella, with the likes of Instagram, and gradually change the technologies together. When Facebook introduced Snapchat's twin Poke last year, we've already seen this. Facebook wishes to become the one-stop-shop for all things social media.
If reports of Facebook's offer hold true, it would mean Snapchat would sign up with the ranks of tech companies like Instagram, Pinterest, Uber and Waze, both bought in spite of not having significant incomes. But provided Snapchat's recent evaluation of around 3.5 billion, Facebook's offer isn't really as unbelievable as it might first appear.
After all, a few years earlier early evaluations on Twitter were viewed as too substantial, a stab in the dark for an unimportant messaging platform in 140 characters or less. Today, Twitter's IPO values the business someplace near the 11 billion dollar mark. That little blue bird did well for itself and now Snapchat looks to be doing the same-- albeit without Facebook's support in the meantime.
In September, Snapchat's CEO and co-founder of the company, Evan Spiegel, reported 350 million messages were sent out with its app daily, an enormous increase of 75 per cent considering that June, where the number was closer to 200 million. Snapchat is evolving at a rapidly speeding up rate and it's little marvel the business is now planning to establish itself by following in the steps of Twitter to see just how high it can climb.
Or just just how much Facebook on iphone developer perthwants to pay for the little picture messaging app that could.
Our bet is that Facebook will be looking to at first bring Snapchat under the Facebook business umbrella, with the likes of Instagram, and gradually morph the technologies together. We have actually already seen this when Facebook introduced Snapchat's twin Poke last year. That little blue bird did well for itself and now Snapchat looks to be following match-- albeit without Facebook's support for now.