Snapchat must be very, very confident in itself because it’s apparently been turning down multibillion-dollar buyout offers left and right. Unnamed sources tell Valleywag that after Snapchat turned down Facebook’s $3 billion offer, Google swooped in with its own $4 billion offer that the company similarly turned down. Valleywag’s sources say that Snapchat has decided to wait until next year to raise cash because it wants to grow the number of photos its users share every day to more than the number of photos shared on Facebook every day. If that happens, the company expects its value to go through the roof, at which point $4 billion will look like chump change.
Snapchat rumored to have turned down $4 billion from Google
Published Nov 15th, 2013 8:45PM EST
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Brad Reed has written about technology for over eight years at BGR.com and Network World. Prior to that, he wrote freelance stories for political publications such as AlterNet and the American Prospect. He has a Master's Degree in Business and Economics Journalism from Boston University.
