Snapchat’s rejection of a multibillion dollar offer from Facebook was made “because they think making a deal now would leave many billions more on the table.” [New York Times]
LivingSocial is “ashamed and embarrassed” that its outage has lasted more than 40 hours. [AllThingsD]
That “What Would I Say?” app for cobbling your Facebook statuses together was a result of a Princeton Hackathon. [New Yorker]
Searching for a new hobby, Google’s Eric Schmidt has joined the board of The Economist. [Guardian]
Apple (AAPL) is requesting an additional $380 million in damages from its argument with Samsung (SSNLF) over patent infringements but Samsung only wants to pay $52 million of it. [CNet]