Snapchat worth $4B

By Andrew Hudson Published: November 16, 2013 Updated: June 29, 2015

Snapchat — a photo app company started two-and-a-half years ago by two college students — reportedly just turned down an offer from Google of $4 billion. That’s about half the market capitalization of Nikon Corp.

“After Facebook offered $3B Google offered $4B but @evanspiegel said no!”
Om Malik, on Twitter, Nov 14, 2013

“As the Wall Street Journal reported yesterday, Facebook offered $3 billion all cash, but Zuckerberg was spurned. (Our source said $3.5 billion, plus earnouts.) Spiegel took that offer to Google and Google matched the terms. Ultimately, however, Young Spiegel decided to wait and raise funding next year instead.”
Nitasha Tiku on Valleywag, Nov 14, 2013


Sources: Valleywag via The Verge, Wikipedia. Image: Snapchat.

Next page: $1.2M Twitter copyright award

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