Two-year-old Snapchat is playing a high-stakes game of Blackjack, betting that its business won't bust with the turn of an unwelcome card. The company reportedly refused a $3 billion cash buyout offer from Facebook, a decision that may forever define the future of Snapchat and Evan Spiegel, its 23-year-old CEO.
Venice, Calif.-based Snapchat traffics in disappearing messaging -- 350 million of them per day, to be exact. An unknown number of people, youngsters in particular, turn to the smartphone application to do what young people like to do: goof off. Here they send photos and videos, innocent or … Read more