#53 Today, I listened to the latest episode on Business Wars. This new series talks about Facebook and Snapchat’s war. On the previous episode, Evan rejected Zuck’s offer of 3B$ for the company, even though at the time, they were worth 60m. He also rejected Google’s offer for 30B$ (I didn’t know this so it kind of blew my mind). Now, why would he do this? Each time, it had to do with timing. He thought he could build something bigger and better. It just wasn’t the right time to exit. And alas, Snap IPO’d at 24B$. Maybe they should’ve taken the Google offer right? But looking at Google’s track record with Google Plus, Snap probably wont be around right now if Google bought them😂😂😂😂.
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Timing is everything. ⏰
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#53 Today, I listened to the latest episode on Business Wars. This new series talks about Facebook and Snapchat’s war. On the previous episode, Evan rejected Zuck’s offer of 3B$ for the company, even though at the time, they were worth 60m. He also rejected Google’s offer for 30B$ (I didn’t know this so it kind of blew my mind). Now, why would he do this? Each time, it had to do with timing. He thought he could build something bigger and better. It just wasn’t the right time to exit. And alas, Snap IPO’d at 24B$. Maybe they should’ve taken the Google offer right? But looking at Google’s track record with Google Plus, Snap probably wont be around right now if Google bought them😂😂😂😂.