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| Evan Spiegel https://mail.chicagofanatics.com/viewtopic.php?f=75&t=83157 |
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| Author: | bigfan [ Thu Nov 14, 2013 2:39 pm ] |
| Post subject: | Evan Spiegel |
NO RELATION! Turned down $3 Bill from Google for Snap chat! I understand you made it and want to see it through and you just saw Twitters IPO raise about $10 Bill, so on paper, I see how one can sit in a board room and figure that the potential to raise $10 B or even more is awfully attractive, BUT ITS 3$ BILL!!!!! TODAY JUNIOR! If your life goal at 23 was to provide Snap chat so teenagers can send naked pics back and forth, drug dealers can do deals and traders can do insider trading, then I get it.. But the questions is, what happens when textchat.com comes out with the same ability to erase pics of your wang! Your Snap chap might be one of 50! Some of these tech guys I think just like being the STAR so much these days, they dont want to step out of the spotlight after the sell. I would be gone so fast! You can find me on my Island! or my penthouse! in various cities! but once again. $3 BILLIONS BEEEEELLLLLLLON! You should have called the guys at Groupon before you turned it down (They were offered $6BILL and said No. OOps) |
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| Author: | pittmike [ Thu Nov 14, 2013 2:41 pm ] |
| Post subject: | Re: Evan Spiegel |
Another ECON 101 lesson for the board. $1 today is worth more than 1$ in the future. |
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| Author: | Seacrest [ Thu Nov 14, 2013 2:41 pm ] |
| Post subject: | Re: Evan Spiegel |
Some people aren't all about money. But I do think the Groupon folks would like a do over. |
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| Author: | Brick [ Thu Nov 14, 2013 2:44 pm ] |
| Post subject: | Re: Evan Spiegel |
Most of these guys are lucky idiots. He probably has some pretty intense pressure from recent investors though to not sell. |
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| Author: | Seacrest [ Thu Nov 14, 2013 2:46 pm ] |
| Post subject: | Re: Evan Spiegel |
Boilermaker Rick wrote: Most of these guys are lucky idiots. He probably has some pretty intense pressure from recent investors though to not sell. Good point Brick. Look at Mark Cuban |
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| Author: | denisdman [ Thu Nov 14, 2013 2:46 pm ] |
| Post subject: | Re: Evan Spiegel |
BR is correct. Only Al Gore is smart because his invention of the Internet is letting others ride off his coat tails. |
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| Author: | bigfan [ Thu Nov 14, 2013 2:48 pm ] |
| Post subject: | Re: Evan Spiegel |
Boilermaker Rick wrote: Most of these guys are lucky idiots. He probably has some pretty intense pressure from recent investors though to not sell. Agree, but then you take some money off the table TODAY Of course I dont know the technology but sounds like something apple or verizon, or someone might be able to do with a quick setting DELETE ALL MESSAGES: NEVER WITHIN 30 SECONDS WITHIN 60 SECONDS |
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| Author: | bigfan [ Thu Nov 14, 2013 2:49 pm ] |
| Post subject: | Re: Evan Spiegel |
When Groupon was offered that money, i said the same thing. Its not they do something that anyone cant copy. Now there are multiple companies doing what these guys do and all they have is a list. Groupon will never be worth what it was and they need to reinvent themselves now to even become something. |
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| Author: | rogers park bryan [ Thu Nov 14, 2013 2:49 pm ] |
| Post subject: | Re: Evan Spiegel |
I cant imagine SnapChat being worth 3x what Instagram was sold for. |
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| Author: | badrogue17 [ Thu Nov 14, 2013 2:51 pm ] |
| Post subject: | Re: Evan Spiegel |
bigfan wrote: NO RELATION! Ummmm if you come across any of Selena Gomez Id like to take a look at those.
Turned down $3 Bill from Google for Snap chat! If your life goal at 23 was to provide Snap chat so teenagers can send naked pics back and forth, drug dealers can do deals and traders can do insider trading, then I get it.. But the questions is, what happens when textchat.com comes out with the same ability to erase pics of your wang! Your Snap ) |
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| Author: | bigfan [ Thu Nov 14, 2013 2:51 pm ] |
| Post subject: | Re: Evan Spiegel |
rogers park bryan wrote: I cant imagine SnapChat being worth 3x what Instagram was sold for. I agree, just giving any scenario that they might have thought internally |
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| Author: | rogers park bryan [ Thu Nov 14, 2013 2:52 pm ] |
| Post subject: | Re: Evan Spiegel |
bigfan wrote: rogers park bryan wrote: I cant imagine SnapChat being worth 3x what Instagram was sold for. I agree, just giving any scenario that they might have thought internally Im surprised Zuckerberg even offered that much I guess they just have unlimited funds earmarked for acquiring any social network that takes away young users |
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| Author: | Brick [ Thu Nov 14, 2013 2:53 pm ] |
| Post subject: | Re: Evan Spiegel |
bigfan wrote: Agree, but then you take some money off the table TODAY I believe with a lot of these deals he's already taken a pretty good payout when he let people buy in to the company.bigfan wrote: Of course I dont know the technology but sounds like something apple or verizon, or someone might be able to do with a quick setting You could have a competitor for it for under a $10,000 total investment.
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| Author: | Dr. Kenneth Noisewater [ Thu Nov 14, 2013 2:53 pm ] |
| Post subject: | Re: Evan Spiegel |
bigfan wrote: When Groupon was offered that money, i said the same thing. Its not they do something that anyone cant copy. Now there are multiple companies doing what these guys do and all they have is a list. Groupon will never be worth what it was and they need to reinvent themselves now to even become something. That was definitely investors not wanting to sell and the breakup fee not being high enough for the possible antitrust concerns. There was a book written about it. |
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| Author: | bigfan [ Thu Nov 14, 2013 2:54 pm ] |
| Post subject: | Re: Evan Spiegel |
rogers park bryan wrote: bigfan wrote: rogers park bryan wrote: I cant imagine SnapChat being worth 3x what Instagram was sold for. I agree, just giving any scenario that they might have thought internally Im surprised Zuckerberg even offered that much I guess they just have unlimited funds earmarked for acquiring any social network that takes away young users Yup, not about the technology about the USERS |
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| Author: | bigfan [ Thu Nov 14, 2013 2:54 pm ] |
| Post subject: | Re: Evan Spiegel |
Dr. Kenneth Noisewater wrote: bigfan wrote: When Groupon was offered that money, i said the same thing. Its not they do something that anyone cant copy. Now there are multiple companies doing what these guys do and all they have is a list. Groupon will never be worth what it was and they need to reinvent themselves now to even become something. That was definitely investors not wanting to sell and the breakup fee not being high enough for the possible antitrust concerns. There was a book written about it. yes, I see Leonis everyday on CNBC talking about the great things they are working on at Groupon. Is the name of the book OOPS? |
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| Author: | rogers park bryan [ Thu Nov 14, 2013 2:55 pm ] |
| Post subject: | Re: Evan Spiegel |
bigfan wrote: rogers park bryan wrote: bigfan wrote: rogers park bryan wrote: I cant imagine SnapChat being worth 3x what Instagram was sold for. I agree, just giving any scenario that they might have thought internally Im surprised Zuckerberg even offered that much I guess they just have unlimited funds earmarked for acquiring any social network that takes away young users Yup, not about the technology about the USERS It would be like if some cigarette company started getting popular with Teens. Marlboro (or whatever the actual name is now) would be all over them |
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| Author: | bigfan [ Thu Nov 14, 2013 2:56 pm ] |
| Post subject: | Re: Evan Spiegel |
Its the issue I have and had with Facebook. At what point do the lose in a huge landslide to all these newer groups? Many major investors are jumping off the Facebook train and its not because of any multiples, its because they see now kids using it! |
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| Author: | Brick [ Thu Nov 14, 2013 2:57 pm ] |
| Post subject: | Re: Evan Spiegel |
Facebook is desperate to stay relevant. They have failed spectacularly to do anything else besides the standard social networking stuff. |
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| Author: | rogers park bryan [ Thu Nov 14, 2013 2:58 pm ] |
| Post subject: | Re: Evan Spiegel |
Boilermaker Rick wrote: Facebook is desperate to stay relevant. They have failed spectacularly to do anything else besides the standard social networking stuff. Instagram was a nice move in that regard |
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| Author: | bigfan [ Thu Nov 14, 2013 3:00 pm ] |
| Post subject: | Re: Evan Spiegel |
rogers park bryan wrote: Boilermaker Rick wrote: Facebook is desperate to stay relevant. They have failed spectacularly to do anything else besides the standard social networking stuff. Instagram was a nice move in that regard Yes, agreed So buy My space, then just rerelease it in 5 years! lol Retro Web! |
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| Author: | Dr. Kenneth Noisewater [ Thu Nov 14, 2013 3:03 pm ] |
| Post subject: | Re: Evan Spiegel |
bigfan wrote: Many major investors are jumping off the Facebook train and its not because of any multiples, its because they see now kids using it! I think it's the opposite. Kids aren't using it. |
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| Author: | Hatchetman [ Thu Nov 14, 2013 3:05 pm ] |
| Post subject: | Re: Evan Spiegel |
My wife just signed up for Facebook. Time to short the stock big time. |
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| Author: | bigfan [ Thu Nov 14, 2013 3:10 pm ] |
| Post subject: | Re: Evan Spiegel |
Hatchetman wrote: My wife just signed up for Facebook. Time to short the stock big time. NICE! LOL I have a friend like that, when he says something is the next big thing, the next big thing is already big! |
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| Author: | pittmike [ Thu Nov 14, 2013 3:10 pm ] |
| Post subject: | Re: Evan Spiegel |
FB seems kind of entrenched at this point. All their moves now are to make share value/profit. As a product so many people use it I do not see it going away any time soon. |
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| Author: | Seacrest [ Thu Nov 14, 2013 3:12 pm ] |
| Post subject: | Re: Evan Spiegel |
Dr. Kenneth Noisewater wrote: bigfan wrote: Many major investors are jumping off the Facebook train and its not because of any multiples, its because they see now kids using it! I think it's the opposite. Kids aren't using it. Our teens use Snap chat now. |
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| Author: | Hawg Ass [ Thu Nov 14, 2013 3:16 pm ] |
| Post subject: | Re: Evan Spiegel |
Seacrest wrote: Dr. Kenneth Noisewater wrote: bigfan wrote: Many major investors are jumping off the Facebook train and its not because of any multiples, its because they see now kids using it! I think it's the opposite. Kids aren't using it. Our teens use Snap chat now. My son has both, but I believe he uses snap chat more than Facebook. |
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| Author: | Don Tiny [ Thu Nov 14, 2013 3:23 pm ] |
| Post subject: | Re: Evan Spiegel |
I have no idea what language you people are utilizing. |
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| Author: | Brick [ Thu Nov 14, 2013 3:26 pm ] |
| Post subject: | Re: Evan Spiegel |
pittmike wrote: FB seems kind of entrenched at this point. All their moves now are to make share value/profit. As a product so many people use it I do not see it going away any time soon. Facebook is desperate though. They have failed to diversify and they continue to be a one dimensional product. I was a big defender of the future of Facebook but they have not really done much well and now the answer they have seems to be to throw in as many ads as they can.It won't go away, but there is a major danger that things like snap chat or instagram(which they very smartly bought) which work better on phones will take over and basically turn facebook into AOL Instant Messenger. |
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| Author: | pittmike [ Thu Nov 14, 2013 3:28 pm ] |
| Post subject: | Re: Evan Spiegel |
You are right Rick but I was saying it will take some time because of such a huge mass of people using it as a tool. It is familiar now and no one cares (that is using not investing) if it makes money. |
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