### Comment:
&gt;competition  
   
 What competition? Snapchat is losing users daily who see Instagram as a simpler solution. Even Facebook has stories now and you can send messages through WhatsApp and delete them from both parties.  Snapchat is as much competition to Facebook as MySpace

### REPLY:
I bet Zuck was pissed that SNAP rejected their initial buyout offer of $3B in 2013. SNAP's market cap is now $7.65B, but maybe once it drops low enough, Zuck will offer $250M, just as a fuck you to Spiegel.

### END.