Snapchat still doesn’t make any actual revenue off it 100 million active users, but that hasn’t stopped other companies from valuing the messaging app at several billion dollars. Now it looks like Snapchat could be headed to a valuation of $10 billion with a little help from Yahoo, according to a new report from The Wall Street Journal.
Yahoo Inc. plans to reinvest a small portion of the cash it made from an early bet on Alibaba Group Holding Ltd. in another fast-growing startup: Snapchat Inc. The Internet portal has committed to an investment in Snapchat at a $10 billion valuation, people familiar with the matter said. One of the people said Yahoo is investing about $20 million. Over the past few months, the mobile-messaging startup has been working to secure capital from a mix of venture-capital firms, money managers and companies.
NOTE: TECHi Two-Takes are the stories we have chosen from the web along with a little bit of our opinion in a paragraph. Please check the original story in the Source Button below.
TECHi weighs both sides before reaching a conclusion.
TECHi’s editorial take above outlines the reasoning that supports this position.
Abridge's 93% valuation jump in four months tells us that something bigger than typical startup growth is cooking. It's a…
The man that was leading Apple's ultra-secret electric vehicle project has decided to leave the company, according to the Wall…
When it comes to respecting the privacy of its users and rejecting profligate government surveillance, few companies have as bad…
Whenever you hear about the ridiculous amounts of money that mobile games like Candy Crush Sage and Clash of Clans make,…
