Snapchat and Facebook - Snapchat CEO Rejected Facebook's $3 Billion Offer
- 7 years ago
Snapchat CEO Reveals Why He Rejected Facebook's $3 Billion Offer
Snapchat shocked much of the tech community late last year when a report in the Wall Street Journal revealed that it had turned down a $3 billion cash acquisition offer from Facebook. Now, Snapchat's CEO has offered an explanation for why he hasn't sold the company yet.
"There are very few people in the world who get to build a business like this," Evan Spiegel told Forbes for a cover story profiling the cofounder and CEO, which was published online Monday. "I think trading that for some short-term gain isn't very interesting."
http://mashable.com/2014/01/06/snapchat-facebook-acquisition-2/
Snapchat shocked much of the tech community late last year when a report in the Wall Street Journal revealed that it had turned down a $3 billion cash acquisition offer from Facebook. Now, Snapchat's CEO has offered an explanation for why he hasn't sold the company yet.
"There are very few people in the world who get to build a business like this," Evan Spiegel told Forbes for a cover story profiling the cofounder and CEO, which was published online Monday. "I think trading that for some short-term gain isn't very interesting."
http://mashable.com/2014/01/06/snapchat-facebook-acquisition-2/