Snapchat valuation is now at $10 billion

Snapchat valuation is now at $10 billion
You may remember, as of June last year, Snapchat was valued at $800 million. By later in 2013, Snapchat was valued at around $2 billion, and was fielding acquisition offers from both Google and Facebook worth a reported $4 billion and $3 billion in cash, respectively. There was also chatter that Snapchat was crazy to not sell. It looks like founder Evan Spiegel made the right call, because now his company is valuated at $10 billion.

The increase comes because of reports that venture capital firm Kleiner Perkins Caufield & Byers has agreed to invest $20 million in Snapchat, and because another strategic investor has agreed to invest an undisclosed amount. A Snapchat spokeswoman brushed off the news, saying, "The valuation of our business and our capital requirements are the least exciting aspects of supporting the Snapchat community. We have no further comment at this time."

And, Snapchat may be smart to brush off talk about its valuation, because those talks inevitably lead right back to the fact that, while Snapchat's valuation is growing quickly, it is doing so in spite of Snapchat's lack of a business plan. The company still has no plans to begin generating revenue, but venture capitalists are more than eager to invest.

source: WSJ

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11 Comments

1. techperson211

Posts: 1280; Member since: Feb 27, 2014

$10 billion? Nice . Next article please.

9. jaytai0106

Posts: 1888; Member since: Mar 30, 2011

Come on :D It's $10 billion worth of naked pictures. Very interesting XD

2. Chris_Bakke

Posts: 246; Member since: Jan 23, 2013

I do thoroughly believe that snapchat will run the United States. I'm not sure how, yet, but that is my opinion.

3. techperson211

Posts: 1280; Member since: Feb 27, 2014

No your wrong. It will be run by NSA.

4. 0xFFFF

Posts: 3806; Member since: Apr 16, 2014

It's like the dotcom crash never happened. Here we are today and mobile is the new dotcom.

6. techloverNYC

Posts: 601; Member since: Nov 20, 2012

I was just about to say that. These app companys are looking more and more like the dot com. The values raises in an insane rate.

10. AfterShock

Posts: 4146; Member since: Nov 02, 2012

No doubt, I kind of hope it bursts again. This is out of hand.

5. james1

Posts: 97; Member since: Mar 16, 2013

Wow, these free apps that don't require that many employment are gaining higher values. Now I'm starting to think that Wireless network are way undervalued. Just look at MetroPCS they only got $1.5 billion in cash and a 26% equity in T-Mobile. All that together is a little over $11 billion. Compared with whats snapchat is worth, either Metro didn't get what it deserved or snapchat is overvalued.

7. techloverNYC

Posts: 601; Member since: Nov 20, 2012

Whatsapp was sold for $18 billion and snapchat 10+ billion. Crazy how 2 apps can buy a whole company.

8. elitewolverine

Posts: 5192; Member since: Oct 28, 2013

user data. TMO agrees not to sell your data while snapchat and others do...

11. chuongster

Posts: 33; Member since: May 13, 2012

doesn't make sense to me why they are worth so much. Insane

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