Why Did Facebook Offer $3B for Snapchat?

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Nov. 15 (Bloomberg) -- Tom Keene discusses Facebook's $3 billion offer for Snapchat on Bloomberg Television's "In The Loop." (Source: Bloomberg)

I have it on my phone.

I do not know how to use it yet.

You wonder about instagram.

It has had real impact and have some and the revenue coming off of it.

That was a $1 million transaction.

The underlying story about this is what our young people really using -- what are young people really using?

I hear that people in their 20's are not really using facebook.

They and maybe not even using twin -- twitter.

They using instagram and snapchat.

I can see why companies like facebook would say, we are losing out on our twentysomethings, we need to get a company like this.

Where's the assumption of ad revenue within these mobile services.

Some people are bullish.

I need to talk to somebody who has playstation or something like that.

I got it last night.

We have been playing our new game.

We go back-and-forth on playstation 4. game theory: prisoner's dilemma.

We have been playing all morning.

It is fascinating.

Dodo have a playstation?

I did.

It got old.

It has been years since they came out with a new one.

There are two discrete worlds.

Maybe that is the way snapchat and these others will be.

We are clueless.

Alix steel is totally addicted to it, along with a lot of other people, around fairly extensive games.

What is your favorite one?

"game theory: prisoner's dilemma." it was winning?

-- who is winning?

Oh, mohamed.

He knows who frank ramsey is -- binomial distributions.

Very exciting game playing.

I believe that maybe what you're doing this weekend.

It is.

Tom keene.

Estee lauder's granddaughters

This text has been automatically generated. It may not be 100% accurate.

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