Snapchat reportedly buys Bitstrips for roughly $100M

Re:Snapchat reportedly buys Bitstrips for roughly $100M by narrowrail on Friday March 25, 2016 @08:50PM (#11363845)

While somewhat humorous, I think you all are being a bit harsh. I'm as curmudgeonly as anyone else born in the '70s, but why begrudge a company whose age can be measured in weeks having a tremendous windfall?

It appears a young company launched with a great user experience, and great engagement metrics. They got a premium for that. The deal terms aren't public, but we know it was a mix of cash and equity (probably skewed toward equity).

Didn't the founder of SnapChat turn down a ~$15B+ offer? I think this company will be a major contender in social media.

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Re:Snapchat reportedly buys Bitstrips for roughly $100M by jsprogrammer on Saturday March 26, 2016 @01:11PM (#11366427)

I don't begrudge them. I don't even know them. I was answering the question that was asked.

Without deal terms or other public information, there's not much to talk about.

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