Dec 24, 2018 - Technology

Facebook made another offer for Snap in 2016

Zuckerberg and Spiegel

Facebook CEO Mark Zuckerberg and Snap CEO Evan Spiegel. Photos: Christophe Morin/IP3 and Stephanie Keith via Getty Images

After Mark Zuckerberg's famous $3 billion offer for Snapchat in 2013, Facebook tried again three years later, The Wall Street Journal's Georgia Wells and Maureen Farrell report.

The big picture: CEO Evan Spiegel and other Snap executives reportedly dismissed informal overtures from Zuckerberg and Facebook COO Sheryl Sandberg, who never specified prices. Snap's stock hit its all time low of $4.85 per share Friday, after going public last year at $17. Facebook, meanwhile, is closing out 2018 the way it started — "under attack for betraying users' trust and oversharing their personal information," Axios' Scott Rosenberg writes.

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