Last fall Mark Zuckerberg (Facebook) offered Evan Spiegel and Bobby Murphy $3,000,000,000 for their app, "Snapchat." They said, "No." "NO" to "terms so generous, on paper, they seemed preposterous: $3 billion in cash, according to people familiar with the offer, for a two-year-old app with no revenue and no timetable for revenue."
Snapchat is an app that enables users to send a photo that will last only seconds and then disappear. So therefore that perhaps-inappropriate photo cannot hang around and embarrass them in the future, as it can on, say, Facebook.
Murphy is 25 years old, Spiegel is 23: yet another story of college kids starting a brilliant and successful business. Maybe they were crazy to turn down Zuckerberg's offer. Get the details here.
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