A few months ago a thread was created on this same issue and debate was heated up.

If anyone can copy and paste this here for all to read, I will appreciate it.



http://mashable.com/2014/01/06/snapchat-facebook-acquisition-2/?utm_cid=mash-com-fb-main-link

Snapchat CEO Reveals
Why He Rejected
Facebook's $3 Billion
Offer BY SETH FIEGERMAN / 22 HOURS AGO Snapchat shocked much of the tech community late last year
when a report in the Wall Street Journal revealed that it
had turned down a $3 billion
cash acquisition offer from
Facebook. Now, Snapchat's CEO
has offered an explanation for
why he hasn't sold the company yet. “There are very few people in
the world who get to build a
business like this,” Evan Spiegel
told Forbes for a cover story profiling the cofounder and CEO,
which was published online
Monday. “I think trading that
for some short-term gain isn’t
very interesting.” SEE ALSO: Why Facebook Wanted Snapchat So Badly That might sound like a
standard enough talking point
for a founder until you consider
just how much the "short-term
gain" actually was. Forbes
calculates that Spiegel and his cofounder Bobby Murphy would
each have received $750 million
from the Facebook offer. The deeper reason for the
decision, at least according to
the Forbes profile, is that
Snapchat's founders sensed
weakness and opportunity. Our latest cover: Inside Story
Of Snapchat: The World's
Hottest App Or A $3B
Disappearing Act? onforb.es/1f84wqH 2:12 AM - 31 Dec 2005 Forbes @Forbes Follow 208 RETWEETS 92 FAVORITES Facebook CEO Mark Zuckerberg
first flew out to meet Spiegel in
his hometown at the end of
2012, according to Forbes, and
proceeded to try scaring
Snapchat's founders by telling them that Facebook planned to
release a nearly identical app a
few days later. "It was basically
like, 'We're going to crush you,'"
Spiegel told Forbes about
meeting. That app was Facebook Poke, which proved to be a flop. Zuckerberg paid another visit
to the young company the
following fall to make his bid to
buy it, but by that point
Snapchat's founders felt they
had an edge. Snapchat has since raised another $50 million at a reported $2 billion valuation —
less than Facebook's reported
bid, but getting there. Image: Flickr/cellanr TOPICS: BUSINESS, EVAN SPIEGEL, FACEBOOK, SNAPCHAT Load Comments 9.9k SHARES    More in Business NEW   Share  Tweet