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.
Read the whole story at Wall Street Journal »