Snapchat entrepreneur declined to 18 billion from Facebook - Aftenposten

Facebook losing young users. The world’s largest social networking company must be willing to compromise in order to secure the fledgling technology company in California, according to U.S. media. The three billion U.S. dollars, they have offered.

But there are other willing to do. In scenes will reportedly be the second suitors who tempts with an even fatter bid.

The Wall Street Journal writes that other investors think Snapchat could be worth over 4 billion dollars (25 billion).

The newspaper quoted unnamed sources close to the negotiations for the acquisition of Snapchat.

Facebook refuses to comment on the message.

Want more users

One of the founders and CEO of Snapchat, Evan Spiegel (23), should be prepared to wait until early next year before considering selling the company.

The two-year old company in Silicon Valley in California has not earned a single dollar.

founders want to get more users. Thus the company can be even more worth before selling it.

Snapchat is the result of student development at Stanford University in California. They made a so-called app for sharing photos and videos at breakneck speed on smart phones. The service was launched in September 2011.

lightning quick impressions

Snapchat allows you to share photos with or without text, quick.

main difference from other sharing options, the image or video clip disappears from the recipient’s mobile screen 10 seconds after it is opened. (This time can even adjust the sender.)

Aftenposten reported earlier this year that there are apps that allow the recipient to make copies and store Snapchat messages before they disappear. It is estimated that Snapchat has over 5 million daily users.

company gave itself that in September this year conveyed over 350 million messages.

Fewer young users

Paper on Facebook takeover attempt comes a few weeks after the company admitted to have registered a decline in the use of Facebook among teens in the United States.

Therefore, the company is looking to acquire other newly established technology companies to expand their network offerings.

Facebook paid last year 700 million (4.3 billion) when it bought a photo sharing service Instagram.

Facebook rose on the stock exchange

Facebook shares rose 3.1 percent Wednesday after notification of the acquisition attempt of Snapchat.

– Snapchat has appeal on the part of the market. If Facebook buys them, it can mitigate the risk that users spend more time outside the Facebook platform and thus beyond the reach of their sales efforts, said Brian Wieser in the U.S. research firm Pivotal Research Group, which specializes in social media.