Facebook Tries To Buy Asia’s ‘Snapchat’ — But Is The Korean App Just A Clone?

fb-snow

In its long-reported prowl to buy anything to position itself against Snapchat, social media giant Facebook even tried acquiring the explosively popular new Asian Snapchat clone Snow, according to aTechCrunch report.

According to TechCrunch, Facebook CEO Mark Zuckerberg himself called Hae-jin Lee, chairman of Snow’s South Korean creator Naver, with an acquisition offer. Lee rejected the proposal, believing the company had the potential for the success it has seen in LINE, its flagship messenger with some 218 million monthly active users that had a $1.1 billion IPO this summer.

[external-link]
I am interested in applying design thinking to the business. I love to code in Central Park on weekends and build something people love to use. You can reach me at sehwan@techforkorea.com

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *