This Week In Mobile
Why Did Snapchat Turn Down Three Billion Dollars?
Brant DeBow
Written on November 17, 2013
Tags:
#snapchat
Why Did Snapchat Turn Down Three Billion Dollars?
Matt Buchanan suggests the better question than “why did snapchat turn down 3 billion dollars?!?!” is “how did attention become so valuable?” While snapchat is clearly a major phenomenon, is it going to be so valuable? And when countless social networks have just evaporated into ghost towns, will snapchat be valuable before their notoriously capricious demographic simply moves on to the next thing?
Mobile Apps have created a new generation of tech moguls. As with everything in mobile, app innovations move at lightning speeds, and so does the creation of billionaire entrepreneurs. Take 23-year old CEO and co-founder of Snapchat Evan Spiegel. Snapchat has a current valuation of $10 billion. Just to get a little perspective, Spiegel …
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