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Maybe Snapchat Is Crazy To Turn Down $3B, But Was Facebook Nuts To Offer It?

http://www.forbes.com/sites/markrogowsky/2013/11/14/maybe-snapchat-is-crazy-to-turn-down-3b-but-was-facebook-nuts-to-offer-it/

It’s clear CEO Mark Zuckerberg believes that if you can’t beat them, buy them.  And while a lot of chitter chatter was centered about how Snapchat turned down the deal, not enough has been said about Facebook’s willingness to offer triple what they paid for Instagram for an app that was until recently best known for sexting. Zuckerberg believes that Facebook’s position at the apex of social networking is under constant attack and he’s constantly trying to preserve his spot at the top.

Click the link to find out what Forbes had to say on the offering.

 

 

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