Snapchat turns down $3B offer from Facebook
November 14, 2013 (WLS) -- The 20-something creators of a smartphone app have turned down a $3 billion offer for their company. That's how much Facebook wanted to pay for Snapchat.
Evan Spiegel and Bob Murphy may be holding out for more money because other companies are also interested.
Snapchat is very popular with teens and young adults.
It lets people send pictures and messages that self-destruct after they've been seen.
Snapchat hasn't made any money so far.
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