Facebook offered Snapchat $3 billion and Why this Is Important for Silicon Beach

The prosperity of an area has been linked to breakout companies and technologies.  The newly minted multimillionaires break off and start new companies.  The company itself expands and also attracts other similar companies.  Snapchat may be Los Angeles’ first new break out company since MySpace and will greatly improve the ecosystem in Silicon Beach.

Facebook offered Snapchat $3 billion.

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