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Snapchat turned down a $3 billion acquisition offer from Facebook

TECHi's Author Chastity Mansfield
Opposing Author Allfacebook Read Source Article
Last Updated
Allfacebook
Allfacebook View all Allfacebook Two Takes by TECHi Read the original story Published November 14, 2013
TECHi's Take
Chastity Mansfield
Chastity Mansfield
  • Words 39
  • Estimated Read 1 min

Snapchat Co-Founder and CEO Evan Spiegel has said that the company turned down Facebook’s$3 billion acquisition offer because it wanted to wait a few months so that growth in its user base will inflate the value of Snapchat.

Allfacebook

Allfacebook

  • Words 36
  • Estimated Read 1 min
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An acquisition offer of more than $3 billion is nothing to sneeze at, but photo-messaging application Snapchat sneezed, turning down an all-cash offer from Facebook, according to a report in The Wall Street Journal’s Digits blog.

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