Hi Steven, I completely agree with you! Social Media is fickle and soon, something bigger, better and more innovative will probably catch the attention of young hearts. However, given the circumstance that Snapchat is still a private company, with no public stocks to sell and no IPO yet, I personally feel like it is only set to grow exponentially. In light of what Snapchat’s valuation is being talked about today, turning down the Facebook $3 billion offer was a great move. The number thrown around now in 2016 is closer to $15 billion and that means Snapchat is worth so much that it is almost too big to be bought outright by another company. I like your estimation about Snapchatting peaking in 2 years and then dwindling. It can really go both ways. Either they go public, continually improve and add innovative ideas to keep up with their popularity, or they go public, cash out and dwindle away like you mentioned.
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