Stop comparing this to the 2000 bubble

Re:Stop comparing this to the 2000 bubble by rgbrenner on Sunday November 03, 2013 @11:55AM (#6663880)

> there app is a fad.

My post really has nothing to do with Snapchat specifically. Snapchat could just as easily be Instagram -- which also had no revenue when it was acquired by Facebook for $1 billion.

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Re:Stop comparing this to the 2000 bubble by seiji on Sunday November 03, 2013 @11:57AM (#6663893)

The current model is "build your house next to a billionaire's house so they'll acquire you to stop any potential encroachment."

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Re:Stop comparing this to the 2000 bubble by adventured on Sunday November 03, 2013 @01:56PM (#6664462)

This is one of the best descriptions I've read of the concept.

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Re:Stop comparing this to the 2000 bubble by seiji on Sunday November 03, 2013 @03:21PM (#6664839)

Inspired by Real Life Events™.

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Re:Stop comparing this to the 2000 bubble by wentkenko on Sunday November 03, 2013 @12:09PM (#6663971)

Yeah I just believe that you can only go so far with an app that is used to send funny pictures to your friends, the fun will eventually die. It just seems to be the same Ron Conway and group going money going round in a circle with a lot of these companies.

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Re:Stop comparing this to the 2000 bubble by gaius on Sunday November 03, 2013 @12:00PM (#6663906)

How much revenue does it have now?

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Re:Stop comparing this to the 2000 bubble by rgbrenner on Sunday November 03, 2013 @12:05PM (#6663938)

don't know.. they haven't released the numbers AFAIK.

But it's not really relevant IMO... Is there another industry that will pay out $1 billion for a company with no revenue (and no patents)?

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