$3bb
Supply-demand. If there's a suitor willing to drop $3bb on Snapchat, then that's the market clearing price is it not?
Given that Snapchat didn't accept, perhaps it's worth a tiny bit more.
Supply-demand. If there's a suitor willing to drop $3bb on Snapchat, then that's the market clearing price is it not?
Given that Snapchat didn't accept, perhaps it's worth a tiny bit more.
People think gold has this intrinsic value, but does not either. It's "natural" value is also soley based upon the demand that is put upon it. The fact that people find it beautiful, and that is a great conductor of electricity, are things that are desired about it. And so the more people that discover the uses of gold, the more demand grows.
If there were no googles, or apples, or yahoos, or any of these huge companies with really deep pockets, then there would be no one to offer $3billion for a company like snapchat, and there would be no way it could ever obtain a "worth" of 3 billion. Because, again - anything is only worth what someone is willing to pay (or do) to obtain it. Even your job.