Snapchat Supposedly Turned Down a $3 Billion Acquisition Offer from Facebook

November 13, 2013 Marco | Editor

When Facebook spent the staggering amount of $1 billion on the Instagram acquisition, people the world over thought they were crazy for throwing that kind of money on an app that, at the time, hadn’t generated any revenue.

Well, that acquisition turned out pretty well for CEO Zuckerberg, who has since allegedly turned his sights on Snapchat, only to have an even more ludicrous offer spurned. How much more ludicrous, you ask? Apparently, Snapchat recently turned down a $3 billion offer from the social media giant.

The report comes from The Wall Street Journal, whose sources claim that this …read more

Via: Petapixel

Marco | Editor

Editor and founder of a bunch of stockphoto businesses

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