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A new book claims Facebook set out to kill off Snapchat, but may have saved it instead [CNBC]

FACEBOOK (FB)  More Company Research Source: CNBC
Last facebook earnings: 7/25 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.fb.com/home/default.aspx
PDF Getty Images Snapchat co-founders Bobby Murphy (l) and Evan Spiegel (c) ring the opening bell on March 2, 2017, as NYSE President Thomas Farley looks on. Snapchat is one of Facebook's greatest threats, and Facebook CEO Mark Zuckerberg may be partly to blame. That's one interesting theory presented in a new book about Snapchat — How to Turn Down a Billion Dollars: The Snapchat Story — that came out this week from former TechCrunch writer Billy Gallagher. He was also a few years behind Snap CEO Evan Spiegel at the same Stanford University fraternity. More from Recode: It's getting harder to argue that the Trump campaign helped Russians buy Facebook ads Why the NBA is betting big on virtual reality Facebook and Twitter worked just as advertised for Russia's troll army Rewind to late 2012. Snapchat, which was little more than a year old, was struggling to shake a reputation that it was only popular for sending inappropriate photos [Read more]

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