RumorTT: Facebook tried to acquire Snapchat for $3 billion

RumorTT: Snapchat was offered a $3 billion acquisition from Facebook, but turned it down.

@anthony256
Published Thu, Nov 14 2013 2:36 AM CST   |   Updated Sat, Aug 8 2020 10:29 AM CDT

Facebook has reportedly offered Snapchat a nice $3 billion to acquire the picture-sharing startup, but Snapchat refused the deal. The reason for the decline is that Snapchat is currently enjoying multiple companies bidding for them, which is a great reason, isn't it?

RumorTT: Facebook tried to acquire Snapchat for $3 billion | TweakTown.com

Considering Facebook paid - at the time a huge $1 billion for Instagram, this isn't chump change by any measure. But, Snapchat is also huge, as it is one of the most popular messaging apps over mobile devices right now. The social network reportedly put another bid in previously, at $1 billion, so an increase to $3 billion shows just how powerful the messaging application is.

There are around 350 million messages sent per day through Snapchat, just to give you an idea of how big it is.

NEWS SOURCE:techspot.com

Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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