5 Reasons Snapchat Is Worth $25 Billion

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2) Facebook Tries to Buy Snapchat                           (2 of 5)

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2) Facebook Tries to Buy Snapchat                           (2 of 5)

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The quick rise of Snapchat caught the attention of Mark Zuckerberg, CEO of Facebook, and he offered to buy Snapchat, just a year after its launch for a reported $3 billion! That was an insane amount of money for a startup, but Zuckerberg clearly knew that this was something special. Evan Spiegel also knew that he had the hottest app in the market now, and he didn’t want to cash in, just when he was beginning to have fun.

He turned down Zuckerberg’s offer and decided to take Snapchat to the next level, and boy did they ever do that!

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