Facebook wants to increase the number of teenage users, so it offered $3 billion in cash to the founders of Snapchat to buy the popular photo-sharing mobile app.
The company – which is not yet seeing profits – turned the Facebook offer down.
Derek Thompson, business editor for The Atlantic magazine, joins Here & Now’s Robin Young with details.
Guest
- Derek Thompson, business editor for The Atlantic. He tweets @DKThomp.
Copyright 2021 NPR. To see more, visit https://www.npr.org. 9(MDA4NjIwNTkwMDEzMjI4NDY0MjY4ZTBlNA004))