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BLOG: Snapchat turns down $3 billion acquisition offer from Facebook

Yoni Heisler | Nov. 18, 2013
Facebook recently offered to buyout popular photo sharing service Snapchat for $3 billion. Incredibly, Snapchat said thanks, but no thanks.

The most interesting takeaway from this report, I think, is that Facebook is uber-protective of its place in the hearts and minds of youngsters. And as well it should be. An offer of $3 billion really underscores the seriousness with which Facebook views the long-term threat posed by Snapchat.

 

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