Yahoo is one of the backers that’s ready to throw out a funding round that values Snapchat at $10 billion, according to reports. The Wall Street Journal quotes the all-knowing and omnipresent “people familiar with the matter”, who claim that…
Snapchat Quietly Settles Ownership Dispute – Very, Very Quietly
While everyone was at least trying to watch Apple’s big iPhone 6 and Apple Watch announcement Tuesday afternoon, Snapchat dropped the news that the company had settled a lawsuit pertaining to the ownership of the loftily-valued ephemeral messaging app. Literally,…
Snapchat’s $10 Billion Valuation ‘Not Absurd’ Says Twitter CEO
Reacting to the news that ephemeral messaging app Snapchat was moving fast toward a $20 million investment from Kleiner Perkins at a $10 billion valuation, Twitter CEO Dick Costolo is defending it – calling it “not absurd.” “Crazy growth, clear…
Snapchat Said To Be Adding Content And Ad Business Called ‘Snapchat Discovery’
Snapchat is said to be readying a new content and advertising business under the banner Snapchat Discovery. This would provide users with news and advertisements that, like the messages Snapchat has built a name for itself upon, disappear after viewing.…
Snapchat Is Apparently Worth $10 Billion
Snapchat has been reported as the fastest-growing social app. It’s inspired an absolutely pointless ripoff from a huge international company. It’s so popular among teens that it’s making them lose their frickin’ minds. But is it really worth $10 billion?…