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Evan Spiegel

Snapchat Turns Down $3 Billion. Are They Crazy?

by / ⠀Entrepreneurship / March 13, 2014

“If you can’t beat them, buy them.” This seems to be Facebook’s philosophy after their $1 billion purchase of Instagram and their latest attempt at acquiring the two-year-old photo messaging app company, Snapchat. In an effort to help reverse the social network’s declining teenage user base, Facebook offered $3 billion, which was rejected by Evan Spiegel, Spapchat’s co-founder. At Fueled, we critique Snapchat’s rejection and look at whether…

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