Snapchat valuation is now at $10 billion
posted by Michael H. / Aug 27, 2014, 1:21 AM
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.
Posts: 1280; Member since: Feb 27, 2014
$10 billion? Nice . Next article please.
posted on Aug 27, 2014, 1:24 AM 1
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.
posted on Aug 27, 2014, 1:25 AM 0
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.
posted on Aug 27, 2014, 1:57 AM 4
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.
posted on Aug 27, 2014, 3:00 AM 3
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.
posted on Aug 27, 2014, 1:57 AM 0
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