Showing posts with label snapchat valued. Show all posts
Showing posts with label snapchat valued. Show all posts

Wednesday, 27 August 2014

Snapchat valued at $10bn by Californian investment firm

The popular messaging app Snapchat has reportedly been valued at $10bn (£6bn) by one of Silicon Valley's most established investment firms.
The evaluation, detailed by the Wall Street Journal, puts the start-up in the same bracket as young tech titans Dropbox and AirBnB.
The newspaper also reported that Snapchat now has more than 100 million monthly users, approximately half of its rival Instagram.
Snapchat was founded in 2011.
The mobile app, which is the brainchild of