Will Snapchat be the first hundred billion dollar social media company?

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The founders of our favourite photo sharing app have rejected takeover bids...

Snapchat logo - Facebook takeover bid unsuccessful - gadgets - handbag

© Snapchat

When you're running a business that doesn't make a single penny in profit you might be tempted to cash in with a huge corporate takeover.

But the founders of photo sharing service Snapchat have basically told Facebook to do one...and take their $3 billion with them.

Yep, that's right, founders Evan Spiegel, 23, and Bobby Murphy, 25, have turned down the huge offer (even though their company is only two years old) because they think there will be an even bigger offer on the table a few years down the line.

In fact, the lads are so confident that the grass is greener that they were reportedly willing to dismiss a $4billion proposal from Google.

Insiders think the boys are trying to learn from the early sale of Instagram, which earned its founders a cool (but surprisingly small) $1billion back in 2012.

Or perhaps they've set their sights on a $20billion price tag like Twitter?

If there's one thing we've learnt from all this billion dollar talk it's that we need to come up with our own killer app...

Take a look at some top tips for turning your idea into an iPhone mega app here.



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