### Comment:
He was a fool to turn down Facebook’s money. Snapchat wasn’t doing anything that couldn’t legally be copied. So if a giant, that is already in your industry, comes with a big pile of money, take it and live to fight another day. Facebook just turned around and copied the shit out of Snapchat. Then there was no reason for a new user to explore Snapchat’s app, leading to the mass exodus in Snapchat stock that you see now.

### REPLY:
What mass exodus? The stock is up 68% over the last 3 months...

### END.