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Snapchat, the latest social-media fad in the States has rejected a $3BN offer from Facebook
Snapchat, the latest social-media fad in the States has rejected a $3BN offer from Facebook. The application allows users to send each other snaps, short messages or photos that auto-delete in less than 10 seconds. According to some sources China's Tencent is also courting the company and has offered to lead an investment that would value two-year-old Snapchat at $4 billion. Evan Spiegel, Snapchat's 23-year-old co-founder and CEO, is unlikely to consider an acquisition or an investment until early next year, the people briefed on the matter said. They said Spiegel is hoping Snapchat's numbers - of users and messages - will grow enough by then to justify an even larger valuation, the people said. (VIEW LINK)
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Tom McKay is the Co-Founder and Managing Director of Livewire. Tom's passionate about democratising access to high quality investment ideas and insights, so all investors can make more informed and successful investment decisions.
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Tom McKay is the Co-Founder and Managing Director of Livewire. Tom's passionate about democratising access to high quality investment ideas and insights, so all investors can make more informed and successful investment decisions.
Expertise
Tom McKay is the Co-Founder and Managing Director of Livewire. Tom's passionate about democratising access to high quality investment ideas and insights, so all investors can make more informed and successful investment decisions.
Expertise
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