http://www.usatoday.com/story/tech/2013/11/13/report-facebook-offered-snapchat-3-billion/3517929/
SAN FRANCISCO — Facebook has dangled more than $3 billion in cash to woo Snapchat, the popular photo-messaging used by younger audiences, amid growing signs of waning interest among teens in the world's largest social network.
The Los Angeles-based company, founded by 23-year-old Evan Spiegel, recently turned down the offer because it's currently being courted by multiple investors, according to a source familiar with the matter.
Seems chatting is bigger than I thought.