Snapchat Could Be Valued at $19 Billion…
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.<!–/*
* The backup image section of this tag has been generated for use on a
* non-SSL page. If this tag is to be placed on an SSL page, change the
* ‘http://72.52.81.231/revive/www/delivery/…’
* to
* ‘https://72.52.81.231/revive/www/delivery/…’
*
* This noscript section of this tag only shows image banners. There
* is no width or height in these banners, so if you want these tags to
* allocate space for the ad before it shows, you will need to add this
* information to the tag.
*
* If you do not want to deal with the intricities of the noscript
* section, delete the tag (from … to ). On
* average, the noscript tag is called from less than 1% of internet
* users.
*/–>
// <![CDATA[
var m3_u = (location.protocol=='https:'?'https://72.52.81.231/revive/www/delivery/r9.php':'http://72.52.81.231/revive/www/delivery/r9.php');
var m3_r = Math.floor(Math.random()*99999999999);
if (!document.MAX_used) document.MAX_used = ',';
document.write ("”);
// ]]>Are all these new features worth $19 billion?
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
Leave a Reply
Want to join the discussion?Feel free to contribute!