Snapchat rejects FB 3bn bid, eyeing more users & higher valuation

techiez

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Messaging Service Snapchat Spurned $3 Billion Facebook Bid - WSJ.com

It is unlikely that Mr. Spiegel will consider an acquisition or an investment at least until early next year, the people briefed on the matter said
Mr. Spiegel, a lanky Stanford University dropout, is holding out because he hopes his company can get an even higher valuation, said the people familiar with his decision. He thinks Snapchat's user numbers have more room to grow, and is encouraged by the high level of activity by current members, suggesting it isn't likely to fade soon, they said.

I think high time for Snapchat to consider tapping WP users, we surely would help it raise its valuation ;)
 

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