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Booting Up: Facebook Considered a $1 Billion Offer for Snapchat, But Instead We Got Poke

Testing, testing. (Photo: Getty)

Testing, testing. (Photo: Getty)

On Saturday, the NYSE tested its systems’ ability to handle the demand from Twitter’s IPO to avoid the problems Facebook faced over at Nasdaq. [Reuters]

Yahoo is still figuring out how to position Tumblr as an advertising profit center, but all the porn isn’t helping. “It’s not high on our list,” said an agency exec. [AdWeek]

Netflix’s CEO said they might release “big movies ourselves” because they hate the theater experience as much as you do. [Hollywood Reporter]

Supposedly Facebook wanted to purchase Snapchat for $1 billion, which Evan Spiegel rebuffed. [WSJ]

Gather round and hear the tale of Feargal O’Rourke. Dubbed a “local hero,” he’s the architect of making Ireland a tax avoidance heaven for large tech companies, like Twitter. [Bloomberg]

Follow Jordan Valinsky on Twitter or via RSS. jvalinsky@observer.com