Facebook offered $1 billion to acquire snapchat.

Snapchat

Facebook reportedly offered $ 1Billion to acquire Snapchat in a bid. Evan Spiegel CEO of the photo-sharing app turned down the offer, although sources did not specify when the offer took place. Last year Facebook offered the same amount to buy Instagram. Snapchat claims that its users send 350 million photo-messages per day which will help Facebook to corner the market on popular photo-sharing app.

Howdy! I’m Apurva Nagar a Blogger, Technology Geek, and Coding Enthusiast. I simply love anything related to computer science. I am the Founder and Admin. of Electric Web – An online tech. magazine for geeks.

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