Facebook just tried to spend $3 billion on a 20-person company that lets you send disappearing photos. At least, that’s the word from The Wall Street Journal, a rather trustworthy source.
According to the paper, SnapChat rejected the offer. But the amazing thing is that Facebook would offer that much money in the first place. SnapChat has no revenues, and its collection of users — however many there are — is puny when you consider that Facebook reaches over 1.2 billion people around the world. Across the internet, so many people are asking themselves: Why on earth would Facebook offer so much for this tiny company?