Facebook offered $4B for the tiny photo sharing app back in 2013, and people were calling Evan Spiegel crazy for turning it down.
By mid 2016 the company was worth $20B in private markets, and Evan was a genius.
Google then offered to buy it for $30B, and was turned down as well. Evan was crazy again.
Snap IPO'd at a $25B market cap in early 2017, fell to $6B in a couple years, and then rose to ~$130 billion in late 2021, right before the tech downturn.
Today the company is worth $13B after its latest earnings report.
Facebook offered $4B for the tiny photo sharing app back in 2013, and people were calling Evan Spiegel crazy for turning it down.
By mid 2016 the company was worth $20B in private markets, and Evan was a genius.
Google then offered to buy it for $30B, and was turned down as well. Evan was crazy again.
Snap IPO'd at a $25B market cap in early 2017, fell to $6B in a couple years, and then rose to ~$130 billion in late 2021, right before the tech downturn.
Today the company is worth $13B after its latest earnings report.