SnapChat Lays Off 100 Engineers

[lotteryplaya]

He should’ve cashed out ...$30b

Nerdy Google has failed at social time and time again, so it considered buying teen sensation Snapchat. The search giant held informal talks with Snap and floated an offer of $30 billion in 2016 before Snap’s last funding round, and just before its IPO this year, according to Business Insider’s Alex Heath. That offer was apparently an open secret inside Snap, and was on the table after the IPO, too.

But Snap’s notoriously independent CEO Evan Spiegel has apparently showed no interest in selling out to Google or anyone else. That’s despite the startup’s market cap slipping to around $15 billion after soaring as high as $30 billion when it IPO’d in May.


Google reportedly offered $30 billion to acquire Snapchat

I just can't imagine turning down $30 billion dollars!!!

If you love working just take your generational wealth in thirty billion dollars and start more companies for you to run.

 

[montsora]

Can't believe, today was a good day.

 

[1thouwow]

Last update was trash, but I also own stocks in Snapchat

 

[Theraflu]

Instagram stories killed snapchat

Nah it was that fukking update.

 

[razassin]

Both Instagram stories and the update killed snapchat

I had only like 100 something friends in snapchat when it was poppin... U'd get public snaps from these peopleall day from like 40-60 people on the regular

after instagram put out stories, that number reduced to a half maybe... maybe less... I was only gettin public snaps from 15-20 people daily

After the update I only get like 4-6 public snaps from friends every two days...

I havent uninstalled the app, cuz I still snapchat with some shady hoz tho... but I only open it when I receive snaps from them

 

[Obreh Winfrey]

dodged a bullet turning down that opportunity. Last hired, first fired .

 

[Hammer]

snapchat is dead. nobody on that shyt anymore

instagram stories is popping now

 

[BruhManFromTheFifthFlo]

He should’ve cashed out ...$30b

Nerdy Google has failed at social time and time again, so it considered buying teen sensation Snapchat. The search giant held informal talks with Snap and floated an offer of $30 billion in 2016 before Snap’s last funding round, and just before its IPO this year, according to Business Insider’s Alex Heath. That offer was apparently an open secret inside Snap, and was on the table after the IPO, too.

But Snap’s notoriously independent CEO Evan Spiegel has apparently showed no interest in selling out to Google or anyone else. That’s despite the startup’s market cap slipping to around $15 billion after soaring as high as $30 billion when it IPO’d in May.


Google reportedly offered $30 billion to acquire Snapchat

That’s some stubborn shyt. nikka should know that social media apps come and go everyday, B. Should have took that scrilla while the pot was hot

 

[Serious]

Damn one update

 

[Ghostface Trillah]

Last update was trash, but I also own stocks in Snapchat

I'm sitting in the same boat. They better turn this shyt around but the fact that the CEO just unloaded a bunch of stock don't have this looking too good.

 

[CouldBeWorse]

Instagram snatched Snap's whole shyt but then they shot themselves in the foot with the garbage update.

 

[Maude]

Hopefully they got rid of the people responsible for the latest update that everyone hates.

I bought stock in Snap.

The engineers that got fired took the fall for the people who made the decision to release the update.

 

[FSP]

I'm sitting in the same boat. They better turn this shyt around but the fact that the CEO just unloaded a bunch of stock don't have this looking too good.

Dude is acting in over his head if true. Did he really dump a bunch of stock at a time like this??

Which is only fair seeing how he stole the idea to begin with and strong armed the original idea guy out of the company. Can't say I'm sympathetic

 

[DIMES]

Y'all out of the loop with younger demographic


Snapchat is still the #1 app to flirt & goof off

 

[1thouwow]

Y'all out of the loop with younger demographic


Snapchat is still the #1 app to flirt & goof off

Doesn’t mean the update isn’t trash