Tuesday, November 8, 2016

SnapChat -- Google (alphabet) invests, but they rejected the buyout.

Big companies can throw around a lot of money. 

I don't find it any stretch at all to find Microvision MORE valuable than snapchat. We can be used with snapchat (gleefully by many millions of young people) and for many other purposes -- across anything that can use a display.

So using a $4Billion valuation. Microvision's stock becomes worth approximately $80. Given recent news and the recent conference call, I regard this a price point that is a matter of time only for this company. 

TheStreet

Alphabet (GOOGL) has invested in two of Silicon Valley's hottest start-ups -- Snap Inc., the parent company of social media app Snapchat, and home-sharing app Airbnb.

Alphabet's recently-rebranded early stage investment arm, CapitalG, which was formerly known as Google Capital, added logos for Snap and Airbnb to its investment page on Friday. The page contains links to a description of Airbnb's business and prospects, as well as a photo of the founding team, but so far, there's no additional detail there on Snap.

Snapchat and Alphabet already have some history. In 2013, Snapchat reportedly turned down a $4 billion buyout bid from Google after rejecting a similar $3 billion offer from Facebook (FB) , according to the Verge. Snapchat is also still one of the biggest users of Google's cloud offerings, Business Insider notes.

Snapchat is also moving into wearables, an area that Google famously failed in with its pricey Google Glass product. Earlier this year, Snapchat announced its new "Spectacles" video-recording glasses that will cost $130. Meanwhile, Google is planning to release its own wearable VR headset, Daydream View, later this week, at $79 per pair.

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The company hopes to raise $4 billion in the initial offering, and the IPO could value the company from $25 billion to as much as $40 billion, the sources said.


Business Insider

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