Let's Talk About This Snapchat Valuation
A new Bloomberg report claims Snapchat is seeking another round of funding that could put its valuation at between $16 billion and $19 billion.By Mikah Sargent | February 18, 2015
Snapchat's decision to turn down Facebook's $3 billion acquisition makes more and more sense each day.
Especially now, given a report from Bloomberg which claims the messaging service is seeking another round of funding — one that could put the company's valuation at between $16 billion and $19 billion.
Bloomberg puts those enormous numbers in context by comparing it to other high-valuation startups. Snapchat — a messaging service — ranks third behind popular car-hailing service Uber and darling smartphone creator Xiaomi. (Videos via Uber, Xiaomi)