[aswanson]

I find snapchat hilarious, almost as hilarious as the vc defense/commentary regarding their rejection of 3 mmm as rational. It's a good thing the founders got a partial cash out; but I think that this company will serve as iconic peak idiocy for this investment cycle. But fuck, I've been wrong before.

[hnriot]

you don't get it. FB's audience are aging out, they are too busy with their careers, dealing with newborns and aging parents. Snapchat is a brand that has an increasing number of new eyeballs to sell ads to. It's not anything to do with how much good snapchat is doing in the world, or how their 'service' is bringing a new benefit to humanity, all that matters is the next generation with purchasing power are looking at it.

[aswanson]

Like I said I've been wrong before. I recall thinking Zuckerberg was a fool for not taking yahoos offer for a billion. I was wrong, but I didn't know about partial liquidation back then. It's not as binary an outcome. Once you get f u money, might as well swing for the fences. Rock on, Spiegel and Murphy. I can't hate.

[sanxiyn]

Like pets.com?