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 Post subject: Evan Spiegel
PostPosted: Thu Nov 14, 2013 2:39 pm 
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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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 Post subject: Re: Evan Spiegel
PostPosted: Thu Nov 14, 2013 2:41 pm 
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Another ECON 101 lesson for the board. $1 today is worth more than 1$ in the future.

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 Post subject: Re: Evan Spiegel
PostPosted: Thu Nov 14, 2013 2:41 pm 
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Some people aren't all about money.

But I do think the Groupon folks would like a do over.

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 Post subject: Re: Evan Spiegel
PostPosted: Thu Nov 14, 2013 2:44 pm 
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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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 Post subject: Re: Evan Spiegel
PostPosted: Thu Nov 14, 2013 2:46 pm 
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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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 Post subject: Re: Evan Spiegel
PostPosted: Thu Nov 14, 2013 2:46 pm 
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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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 Post subject: Re: Evan Spiegel
PostPosted: Thu Nov 14, 2013 2:48 pm 
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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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 Post subject: Re: Evan Spiegel
PostPosted: Thu Nov 14, 2013 2:49 pm 
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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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 Post subject: Re: Evan Spiegel
PostPosted: Thu Nov 14, 2013 2:49 pm 
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I cant imagine SnapChat being worth 3x what Instagram was sold for.


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 Post subject: Re: Evan Spiegel
PostPosted: Thu Nov 14, 2013 2:51 pm 
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bigfan wrote:
NO RELATION!

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 )
Ummmm if you come across any of Selena Gomez Id like to take a look at those.

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 Post subject: Re: Evan Spiegel
PostPosted: Thu Nov 14, 2013 2:51 pm 
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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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 Post subject: Re: Evan Spiegel
PostPosted: Thu Nov 14, 2013 2:52 pm 
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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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 Post subject: Re: Evan Spiegel
PostPosted: Thu Nov 14, 2013 2:53 pm 
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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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 Post subject: Re: Evan Spiegel
PostPosted: Thu Nov 14, 2013 2:53 pm 
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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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 Post subject: Re: Evan Spiegel
PostPosted: Thu Nov 14, 2013 2:54 pm 
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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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 Post subject: Re: Evan Spiegel
PostPosted: Thu Nov 14, 2013 2:54 pm 
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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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 Post subject: Re: Evan Spiegel
PostPosted: Thu Nov 14, 2013 2:55 pm 
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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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 Post subject: Re: Evan Spiegel
PostPosted: Thu Nov 14, 2013 2:56 pm 
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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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 Post subject: Re: Evan Spiegel
PostPosted: Thu Nov 14, 2013 2:57 pm 
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Facebook is desperate to stay relevant. They have failed spectacularly to do anything else besides the standard social networking stuff.

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 Post subject: Re: Evan Spiegel
PostPosted: Thu Nov 14, 2013 2:58 pm 
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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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 Post subject: Re: Evan Spiegel
PostPosted: Thu Nov 14, 2013 3:00 pm 
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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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 Post subject: Re: Evan Spiegel
PostPosted: Thu Nov 14, 2013 3:03 pm 
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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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 Post subject: Re: Evan Spiegel
PostPosted: Thu Nov 14, 2013 3:05 pm 
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My wife just signed up for Facebook. Time to short the stock big time.

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 Post subject: Re: Evan Spiegel
PostPosted: Thu Nov 14, 2013 3:10 pm 
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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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 Post subject: Re: Evan Spiegel
PostPosted: Thu Nov 14, 2013 3:10 pm 
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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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 Post subject: Re: Evan Spiegel
PostPosted: Thu Nov 14, 2013 3:12 pm 
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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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 Post subject: Re: Evan Spiegel
PostPosted: Thu Nov 14, 2013 3:16 pm 
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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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 Post subject: Re: Evan Spiegel
PostPosted: Thu Nov 14, 2013 3:23 pm 
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I have no idea what language you people are utilizing.

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 Post subject: Re: Evan Spiegel
PostPosted: Thu Nov 14, 2013 3:26 pm 
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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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 Post subject: Re: Evan Spiegel
PostPosted: Thu Nov 14, 2013 3:28 pm 
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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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