Snapchat Could Be Valued at $19 Billion…

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Snapchat is more than just disappearing photos now…

The app recently added editorial content, a feature called Snapchat Discover. They also introduced a mobile payment system and were recently considering a serious entry into the music space.<!–/*
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Bloomberg reports that Snapchat is seeking up to $500 million in funding. The company is being valued at $16 billion – $19 billion.

In November 2013, Snapchat turned down a $3 billion acquisition offer from Facebook. Then Facebook acquired Whatsapp for over $19 billion last year.

Bloomberg says venture capital funding is the highest its been in a decade.

 

Original image by Tax Credits, licensed under Creative Commons Attribution 2.0 Generic (CC by 2.0).

The post Snapchat Could Be Valued at $19 Billion… appeared first on Digital Music News.


Source: Industry News

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