Facebook’s $3 billion cash bid for Snapchat in is another remarkable acquisition proposal that got shot down. Snapchat co-founder and CEO Evan Spiegel cockily snubbed Zuckerberg’s 2013 offer, brushing it off as a means to “some short-term gain.” Smart move, Spiegel. Today Snapchat, now used for much more than just sexting, is worth an estimated $16 billion and boasts some 100 million daily active users. Not bad, even if it has a ways to go to catch up to Facebook, which continues to poke at Snapchat’s trendiest features.
