Genius or hubris? Why turning down Facebook may be Snapchat’s big mistake

Turning down a $3bn offer made Snapchat famous for its bold vision. But now Facebook is catching up, leading some to predict a ‘long and painful death’

For years Snapchat was seen as David to Facebook’s Goliath, but it looks as though the underdog has lost its swagger.

Shares in the messaging app’s parent company Snap fell sharply this week after one of the investment banks that helped to take the company public downgraded its stock.

Continue reading…

from Technology | The Guardian http://ift.tt/2v2WglY
via IFTTT

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s