Remember back when everyone thought Evan Spiegel was insane for turning down Facebook’s $3 billion offer to acquire Snapchat? Well, I’m sure Spiegel is laughing as he counts the money that Snapchat is reportedly raising right now that will value the company at a whopping $19 billion. Considering how the app itself brings in virtually no revenue, why the hell are investors so happy to throw money at Snapchat? The answer may surprise you.
How the hell is Snapchat worth more than $19 billion?
Keep reading
More Two Takes
