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#WhatWouldYouDoWednesday

1 2016 Reec Banner for Blog Post

What would you do if your competition bit your whole idea!!!

If you where on instagram yesterday you may have noticed another function at the top of your timeline that looked suspiciously similar to snapchat. Well it is!

The back story to this whole ordeal is Facebook (who owns instagram) offered the CEO of snapchat a buy out of $3 billion dollars back in 2013!!! Snapchat’s CEO turned down the offer. I know what your thinking, that’s crazy right, well not so much since Snapchat was worth an estimated 19 billion at the time (I must acknowledge @HurricaneDave for that info)!!!!!!

See this Vanity Fair Article for more insight

Snapchat worth $19 billion or nah?

So here lies the question, what would you do if your competition straight jacked your idea after unsuccessfully trying to buy it from you!