You may remember that in 2011 Google offered to buy Snapchat for 3 Billion USD and was rejected. According to Techcruch Goggle are again proposing to acquire Snapchat, this time for 30 Billion USD, to pre-empt the pending Snapchat IPO. Thats 60% of the current market value of General Motors for a company that has yet to produce a profit. I get flashbacks to the AOL – Time Warner merger, and hope this one turns out better!
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Kristian's Internet Wanderings
Reality is that which, when you stop believing in it, doesn't go away. (Philip K. Dick)