According to Business Insider leak, Google offered Snapchat an amount of $30 billion during the last funding round of 2016. Snapchat CEO Evan Spiegel declined the offer and didn’t sell Snap to Google and neither did it had plans to sell out to any other party.

Although the figures of Snap did drop to $15 billion after $30 billion high in May. Now since the leak of this news that Google showed interest in buying Snapchat, the share price of the app has increased 2.3% today.

Decline in Snapchat growth is due to the main factor that other social giants like Facebook and Whatsapp cloned the stories status in their own apps.

However, after the news leak, when Google was contacted for the confirmation it declared the rumors false. It is quite obvious for Startups to look out for alternative before acquiring any funding.