Sexting, lawsuits, multi-billion dollar valuations – a warts-and-all primer on the planet’s hottest social app
I am not a big fan of Snapchat, but turning down $3B is just crazy. Snapchat has no revenue model and is in no way worth 3 Instagrams. However, I know it’s also easier to turn down this kind of money as founders when you’ve already cashed in shares to make $20MM during a Series B. I understand them not wanting facebook to kill them off, but I also have no idea what their end game could possibly be here.
See on www.theguardian.com