๐๐ฎ๐ฐ๐ฒ๐ฏ๐ผ๐ผ๐ธ ๐๐ ๐ฆ๐ป๐ฎ๐ฝ๐ฐ๐ต๐ฎ๐: ๐๐ผ๐ ๐ญ๐๐ฐ๐ธ๐ฒ๐ฟ๐ฏ๐ฒ๐ฟ๐ด ๐๐ฟ๐๐๐ต๐ฒ๐ฑ ๐ฎ $๐ฏ๐ ๐ฅ๐ฒ๐ท๐ฒ๐ฐ๐๐ถ๐ผ๐ป ๐๐ถ๐๐ต ๐๐ผ๐ฝ๐-๐ฃ๐ฎ๐๐๐ฒ ๐ช๐ฎ๐ฟ๐ณ๐ฎ๐ฟ๐ฒ ๐๐๐๐. Snapchat is exploding. Young people love it. Quick, raw, and fun โ it feels like the future. ๐๐๐ซ๐ค ๐๐ฎ๐๐ค๐๐ซ๐๐๐ซ๐ ๐ง๐จ๐ญ๐ข๐๐๐ฌ. He offers $๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง to buy Snapchat. But Evan Spiegel โ just 23 years old โ says ๐ง๐จ. He wants to build something bigger. Zuck doesnโt get angry. He gets ๐ฌ๐ญ๐ซ๐๐ญ๐๐ ๐ข๐. And what comes next? One of the most savage moves in startup history. ๐ง๐ต๐ฒ ๐๐ผ๐ฝ๐-๐ฃ๐ฎ๐๐๐ฒ ๐ช๐ฎ๐ฟ ๐๐ฒ๐ด๐ถ๐ป๐ Zuckerberg doesnโt just build new features. He ๐๐ฅ๐จ๐ง๐๐ฌ ๐๐ง๐๐ฉ๐๐ก๐๐ญ. ๐๐ข๐๐๐ ๐๐ฒ ๐ฉ๐ข๐๐๐. Snapchat Stories? โ ๐๐ง๐ฌ๐ญ๐๐ ๐ซ๐๐ฆ ๐๐ญ๐จ๐ซ๐ข๐๐ฌ (2016) AR Filters and Lenses? โ Added to ๐๐ง๐ฌ๐ญ๐๐ ๐ซ๐๐ฆ & ๐ ๐๐๐๐๐จ๐จ๐ค Disappearing messages? โ ๐๐ก๐๐ญ๐ฌ๐๐ฉ๐ฉ & ๐๐๐ฌ๐ฌ๐๐ง๐ ๐๐ซ get them too Spiegel watched as ๐๐ฏ๐๐ซ๐ฒ๐ญ๐ก๐ข๐ง๐ ๐๐ง๐๐ฉ๐๐ก๐๐ญ ๐ข๐ง๐ฏ๐๐ง๐ญ๐๐ ... ...got ๐๐จ๐ฉ๐ข๐๐ ๐๐ง๐ ๐ฌ๐๐๐ฅ๐๐ to Facebookโs ๐-๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง+ ๐ฎ๐ฌ๐๐ซ๐ฌ. ๐ฆ๐ป๐ฎ๐ฝ๐ฐ๐ต๐ฎ๐ ๐ฆ๐๐ฟ๐๐ด๐ด๐น๐ฒ๐ ๐๐ผ ๐๐ผ๐บ๐ฝ๐ฒ๐๐ฒ Snapโs user growth slows. Instagram Stories blows past it. Advertisers shift budgets. Teens move to Instagram. Snapchat is still loved, but Facebook is ๐ญ๐จ๐จ ๐๐ข๐ ๐ญ๐จ ๐จ๐ฎ๐ญ๐ซ๐ฎ๐ง. Even Snapโs 2017 IPO is underwhelming. Meanwhile, Instagram becomes ๐๐ฎ๐๐ค๐๐ซ๐๐๐ซ๐ โ๐ฌ ๐ฌ๐๐๐จ๐ง๐ ๐ซ๐จ๐๐ค๐๐ญ. ๐ฏ ๐ง๐ฎ๐ธ๐ฒ๐ฎ๐๐ฎ๐๐ ๐ณ๐ฟ๐ผ๐บ ๐๐ต๐ฒ ๐๐ฎ๐ฐ๐ฒ๐ฏ๐ผ๐ผ๐ธ-๐ฆ๐ป๐ฎ๐ฝ๐ฐ๐ต๐ฎ๐ ๐ช๐ฎ๐ฟ 1. ๐๐๐ฏ๐๐ซ ๐ฎ๐ง๐๐๐ซ๐๐ฌ๐ญ๐ข๐ฆ๐๐ญ๐ ๐๐ข๐ฌ๐ญ๐ซ๐ข๐๐ฎ๐ญ๐ข๐จ๐ง. A good product is powerful. But a good product with billions of users? ๐๐๐๐๐ฅ๐ฒ. 2. ๐๐ง ๐ญ๐๐๐ก, ๐๐จ๐ฉ๐ฒ๐ข๐ง๐ ๐ข๐ฌ๐งโ๐ญ ๐ฌ๐ก๐๐ฆ๐๐๐ฎ๐ฅ โ ๐ข๐ญโ๐ฌ ๐ฌ๐ญ๐ซ๐๐ญ๐๐ ๐ฒ. Facebook didnโt invent Stories. But it scaled them better than Snapchat ever could. 3. ๐๐ฎ๐ซ๐ง๐ข๐ง๐ ๐๐จ๐ฐ๐ง ๐ ๐๐ข๐ ๐จ๐๐๐๐ซ ๐ข๐ฌ ๐๐จ๐ฅ๐ โ ๐๐ง๐ ๐๐๐ง๐ ๐๐ซ๐จ๐ฎ๐ฌ. Spiegel kept his company. But he faced a decade-long war with a tech giant. ๐๐ฎ๐๐ค๐๐ซ๐๐๐ซ๐ ๐๐ข๐๐งโ๐ญ ๐๐๐๐ญ ๐๐ง๐๐ฉ๐๐ก๐๐ญ ๐ฐ๐ข๐ญ๐ก ๐ข๐ง๐ง๐จ๐ฏ๐๐ญ๐ข๐จ๐ง. ๐๐ ๐๐๐๐ญ ๐ญ๐ก๐๐ฆ ๐ฐ๐ข๐ญ๐ก ๐ฌ๐๐๐ฅ๐, ๐ฌ๐ฉ๐๐๐, ๐๐ง๐ ๐ซ๐ฎ๐ญ๐ก๐ฅ๐๐ฌ๐ฌ ๐๐ฑ๐๐๐ฎ๐ญ๐ข๐จ๐ง. This wasnโt just business. ๐๐ญ ๐ฐ๐๐ฌ ๐ฐ๐๐ซ. I hope you've enjoyed this. Follow Vishu Bheda for more such amazing business stories!
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