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November 22nd. okay, are messages that disappear after seconds worth $3 billion? facebook thinks so. the app, snapchat has a multibillion dollar buyout as teens are cooling off. a trend suggested by research and acknowledged by facebook itself. what makes this start up so special? here is cnns laurie see gal. >> reporter: snapchat is the hottest app. this could be a snap chat. take a picture, write a message and send it to a friend. here is what makes it so popular with teenagers. you get to pick how long the message will appear. once your friend gets the message, they hold down the home butto...

Sn snapchat is the opposite. it's a young user base. it's something they are looking at putting out there. it's something they want. they are willing to put down $3 billion, but snapchat did not take it. >> i saw it on the cover of wall street journal. it's probably everywhere. why didn't they do it? >> look, it blows your mind. how do you turn down $3 billion, right? about a year ago, snapchat was offered $1 billion from facebook and they turned it down. fast forward a year, $3 billion. there's a certain thing about being the hottest company in silicon valley. they are taking a gamble. they c...

Wagon here and ask the question why is this guy still in office? he's warring with the head of the city council, also a democrat. they don't like each other. i think forces are coming together and i think he's probably going to have to go. >> really quickly. i want to ask jeff greenfield and mike this question. people are saying this is the worst politics has ever been. u wonder, what if we had twitter in the early 1970s on the campaign trail or instagram or sn snapchat. it would have been pretty ugly back then too. >> we have more ways for people to exercise that grip of sexual compulsion. i ...

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