This article will tell you whether Facebook owns Snapchat or not. Although Facebook has made a name for itself for acquiring some of the big names in the social media world, Snapchat has been an exception.

However, this is not as a result of lack of interest. In 2013, Facebook reportedly tried to buy Snapchat for $3 billion to boost its appeal with the younger demographic. Snapchat turned down the offer. Snapchat co-founder and CEO, Evan Spiegel, later mentioned the reason for refusing to sell. He said “there are very few people in the world who get to build a business like this. I think trading that for some short-term gain isn’t very interesting”. Although, the deeper reason for the decision may be that the founders of Snapchat sensed weakness and opportunity.

To answer the question of if Facebook owns Snapchat point blank; no, Facebook doesn’t own Snapchat.

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