Guess How Much Money SnapChat is Now Reportedly Worth

by 5 years ago


Ten. Billion. Dollars.

No. I am not kidding.

Yes. Fuck everything.

According to” href=”” target=”_blank”>Bloomberg News, SnapChat is in funding talks with Alibaba Holding Group at a valuation of $10 billion. Seeing as how SnapChat is just booming with revenue –exactly ZERO dollars worth of it — this just goes to prove YET AGAIN that users are the real currency of the Internet, not actual currency. 

According to Bloomberg:

Snapchat Inc., the company that makes a mobile application for disappearing photo messages, is in talks with investors includingAlibaba Group Holding Ltd.for a round of financing that may value the company at $10 billion, people with knowledge of the situation said.

If the funding is completed, Snapchat would join a small group of technology startups that are valued in the eleven-digit range. Amid a Silicon Valley financing boom, companies including house-sharing app Airbnb Inc. and file-sharing company Dropbox Inc. have raised money at $10 billion valuations. In June, car-booking app Uber Technolgies Inc. raised $1.2 billion at a record-breaking valuation of $17 billion.

Literally, fuck everything. Take it out back and fuck it. Fuck it to death.

I’m not jealous or anything. Feel like I should mention that just in case anyone took my super casual tone out of context.