It is Friday.
Hmm Okay, nice.
Opens laptop and looks for technology and development related News.
She goes through News Republic and Feedly, ‘yeah, yeah Samsung and Apple are up against each other again. I wonder why they can’t just join arms and resources, become SamApple Inc or Corporation’ she thought.
From her understanding, technologies change every day and maybe with all these fights between the two giants some form of joint venture will happen some day.
She continues reading her news updates and there it is Facebook offered SnapChat $3bn.
‘You must be kidding me, you cant have two photo sites Mark’ she told herself. Facebook already has Instagram in its pockets which it brought at $1bn last year.
SnapChat has captured the young people who have left their Facebook profiles empty with no content. These users send 350 million photos a day and this number is growing.
‘Facebook must be feeling small after that rejection. SnapChat has Friend zoned Facebook, how nice,’ she thought.
‘But why all that money for a simple app, Facebook could replicate?’ she asked herself.
New York Times article answered and said ‘Facebook acknowledges that teenagers are using its service less on a daily basis signifying that the social network is losing its edge among the ranks of new technology adapters.’
SnapChat allows people to send messages and photos with an expiration date so that they are deleted from the recipient’s mobile device shortly after they are received. In September Snapchat said it was handling over 350m messages a day.
Evan Spiegel, 23-year-old is the co-founder and chief executive for SnapChat who said he is waiting until early next year before considering any offers in the hope that Snapchat’s numbers will grow enough to justify an even larger valuation.
The company’s valuation has been growing as fast as its user base. In June Snapchat raised $60m from investors that valued the company at $800m. Facebook reportedly offered $1bn for Snapchat earlier this year.
All Things D reported last month that the company was in negotiations with China’s Tencent over an investment that would value the firm at over $3.6bn.