Report: Snapchat Valuation $19 Billion, Based Upon Latest Funding Round

[engine]

If that valuation is correct, it's accelerated since the earlier valuation. I still don't get how it could be worth as much as $19 Billion.

Snapchat Inc. is seeking a new round of funding that would value the company as high as $19 billion, a person with knowledge of the matter said, making it the third-most valuable venture-backed company in the world. Report: Snapchat Valuation $19Billion, Based Upon Latest Funding Round [bloomberg.com]

The Los Angeles-based company would be valued at $16 billion to $19 billion in the financing round, the person said. At that level, Snapchat would be ranked behind only mobile car-booking application Uber Technologies Inc. and Chinese smartphone maker Xiaomi Corp. in the top three startups backed by venture capital firms, according to data compiled by researcher CB Insights. Xiaomi is valued at $45 billion, while Uber’s latest round pegged its value at $40 billion.

Earlier Snapchat stories
Snapchat Introduces "Discover" For Creatives [webmasterworld.com]

FTC Orders Snapchat To Communicate User Privacy and Confidentiality [webmasterworld.com]

Snapchat Valued at $10 Billion, Raising Almost $486 Million Funding [webmasterworld.com]

[bill]

All I can say is "bubble". It makes no sense to me either. A service that serves up ephemeral messages with little chance of advertising whose main market is teenagers. I must be getting old...

[toidi]

whose main market is teenagers.

teenagers who all ran away from fb as soon as fb started to monetise.