Regarding the headline, "A sensible exit: PrimeSense bought by Apple for $345M", does anyone have any opinion on the price here? It seems reasonable, but really just serves to highlight just how absurd the Snapchat offer was earlier this week (in my opinion).
This is entirely true. I don't understand Snapchat's valuation in the slightest, which is why I mentioned it here in comparison to this acquisition. I'm yet to see how large audiences and advertising revenue are an answer to anything; see MySpace and Zynga, both of which fulfill(ed) those criteria. Snapchat seems like an easy service to clone in theory relative to, say, a YouTube or a Twitter-certainly Facebook could do it-so what are they bringing to the table exactly? Where does their value come from? A bit off topic here anyway. I just thought it was a nice comparison.
