Details of Facebook, Snapchat Talks Exposed in Sony Hack

The transcript discusses Snapchat's secretive nature and its interactions with major companies like Facebook and Tencent. It reveals Facebook's failed attempt to acquire Snapchat for over $3 billion and the subsequent investor reactions. The transcript also covers Evan Spiegel's negotiations with Tencent, which fell through due to high demands. Additionally, it highlights Snapchat's business ventures, including attempts to enter the music industry and acquire smaller startups.

What was the initial offer Facebook made to acquire Snapchat?

• $1 billion

• $2 billion

• $3 billion

• $4 billion

Why was Mark Zuckerberg upset about the leaked negotiations?

• He believed it was a tactic to increase Snapchat's value.

• He was not interested in acquiring Snapchat.

• He was planning to acquire another company.

• He wanted to keep the negotiations public.

What was the reason Tencent backed out of the deal with Snapchat?

• They were not interested in Snapchat's technology.

• They wanted to invest in a different company.

• Evan Spiegel's demand for $40 million for himself and his co-founder.

• Snapchat's declining user base.

What advice was given to Evan Spiegel regarding the leaked negotiations?

• To ignore the leaks and move on.

• To apologize to Mark Zuckerberg.

• To increase Snapchat's valuation.

• To sue Facebook for defamation.

Why did Snapchat's attempt to enter the music business fail?

• They were outbid by a competitor.

• They lacked the necessary technology.

• The music industry was not interested in Snapchat.

• Their terms were too demanding for Vevo.