FB failed to acquire Snapchat-like service called Snow
Facebook made an unsuccessful bid earlier this year to acquire Snow, a one-year-old Asian Snapchat-like service from Naver, the Korean firm behind chat app Line. This comes after Line invested $45 million in Snow, raising its valuation to $180 million. With around 80 million downloads, Snow offers a range of filters for images and video, including celebrities and cartoon characters..