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I still can't believe they turned down $3bn.

Look at how much Facebook paid for Whatsapp. Features like this new chat feature will probably help SnapChat grow a lot bigger - then Facebook will come back with a much bigger offer.

Can Facebook afford a much bigger offer?

$152 billion market cap. They produced $922m in free cash flow in Q1 and had $12.63 billion in cash at the end of Q1 (so they have plenty of cash as well). Zuck can use it all at his discretion.

They could drop $20 billion on Snapchat tomorrow morning and there's nobody that can stop Zuckerberg from doing it if he thinks it makes sense.

Maybe. I can't think of much I could do with "maybe" $30bn, that I couldn't do with "definite" $3bn though!

- A lifestyle programmer.

Well said. Pigs get slaughtered, too.

The founder, Evan Spiegel, was born in to a rich family. He doesn't need to worry about a huge exit to make his buck in.

It's in some ways nice to have a fun little app reject a huge corporate takeover and just keep developing in its own direction without any kind of cloud hanging over it.

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