1 Comment
User's avatar
Inverteum Capital's avatar

The acquisition offer that leaked at the time was $3b. https://venturebeat.com/business/snapchat-turned-down-a-3b-acquisition-offer-from-facebook/

Surprised that it was actually $6b.

With the full benefit of hindsight, it's clear that Evan made the wrong call to not to sell Snapchat to Facebook in 2013.

Snap's market cap today is $13b.

$6b of Facebook stock in 2013 (Zuck wanted to do 100% stock) would be worth $64b today.

Expand full comment