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Snapchat Rebuffing Billions

Hinting at even headier days for tech startups, Snapchat is reportedly rebuffing acquisition offers that only recently would be been considered delusional. Facebook, for one, just offered $3 billion in cash for the messaging service, The Wall Street Journal’s Digits blog reports. “The approaches to Snapchat come amid rising exuberance for social media, and mobile-messaging upstarts in particular.” Whether or not the exuberance turns out to be irrational remains to be seen.

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