After Google's frequent failure in social networking platforms, it turned out that the search engine giant made a bid last year to acquire Snapshot for $ 30 billion
This is according to sources close to Google and Snapshot of Byzantium Insider, and it is true that investors were open to the idea, but, as expected from the head of Snapchat CEO Ivan Spiegel, did not pay attention to the show.
At that time, before the Snapchat IPO, it was valued at $ 24 billion (90 billion riyals), but now it has collapsed to $ 14 billion after failing to compete against Instagram and continuing its heavy losses.
If Google cooperates, it will have huge benefits for both of them. Google, which has always wanted a social network, and Snapchat, which will benefit from Google's technology, algorithms and research in the field of enhanced reality, and therefore develop its glasses, in addition to the ads will be provided with the funds needed to become a very profitable company, , A blow to his arch enemy Mark Zuckerberg.
In the end, even if Google goes back to offering its offer, Spiegel and its co-founder Bob Murphy are known for rejecting the takeover offers. They control the board of directors and the shareholders' opinion is worthless, meaning that even if Snapcash continues to collapse, nothing will change.
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