SnapChat declines Facebook offer to buy

Beverly Level X³

December 10, 2013, 3:27 pm

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SnapChat declined Facebook's offer to buy them for more than $1 billion. Though currently, some estimate SnapChat is worth more than $4 billion.

http://blogs.wsj.com/digits/2013/1...r-from-facebook/

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Violet

Violet

Facebook is just trying to snap up the site really cheap, while they can, rather than having another competitor such as Twitter doing that.

13 years ago

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angie828

angie828

I do not blame them for refusing. 1 million is way off from 4 million.

13 years ago

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Beverly

Beverly

I do not blame them for refusing. 1 million is way off from 4 million.

Yeah, the Facebook offer seems a little on the cheap side and Facebook could offer so much more money if they wanted.

13 years ago

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Barida

Barida

Well, that is a huge sum of money being touted out. I think it is all about the desire to continue with what you're doing which is what the owner of Snapchat did. Sometimes it is not all about the money involved, but the passion in what you do.

9 years ago

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Corzhens

Corzhens

Maybe Snapchat owners think that their social media platform is way worth more than the offered amount. I think it’s good that big sites are owned by different persons of groups. I am afraid of seeing the biggest sites to be owned by one person or 1 group because that is a monopoly that can control us. Think if 1 person will own Google and Facebook, what will happen to the internet?

8 years ago

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