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Guess How Much Money SnapChat is Now Reportedly Worth

By / 07.31.14

snapchat-sexbot

Ten. Billion. Dollars.

No. I am not kidding.

Yes. Fuck everything.

According to” href=”http://www.bloomberg.com/news/2014-07-30/snapchat-said-in-funding-talks-with-alibaba-at-10-billion-value.html” 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.


TAGSSnapchatvaluations
J. Camm
About J. Camm... J. Camm is the Managing Editor of BroBible. He is a graduate of the University of Miami thanks mostly in part to a world-class short-term memory. When not writing drivel on the Internet, J.Camm enjoys golf and the inexplicable satisfaction that comes with forgetting a person's name the exact instant he meets them.

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