Facebook reportedly offered to buy Snapchat for $1 Billion

Snapchat claims that their users send over 350 million photo messages daily
Facebook reportedly offered $1 billion to purchase the mobile photo messaging app, Snapchat. According to some industry sources, the bid was declined by Snapchat CEO Evan Spiegel.
Facebook has also acquired Instagram for the same amount last year and has introduced a similar mobile messaging service named Poke. Snapchat was said to have over 350 million photo messages sent daily by its users.
Both Facebook and Snapchat has not comfirmed this rumor.
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