That $200,000,000 is now valuing snapchat at $15,000,000,000, boy oh boy are we in fucking trouble, a texting app worth $15,000,000,000, Thats with a B, not an H or T, but a B, say it with me, $15,000,000,000 BILLION, for a company with nothing but an app, its only 4 years old and more valuable then KOHLS, yes you know that big box department store that has over head, employees they have to pay, an actual product to sell to consumers, it was started in 1962, they have over 1,158 stores across the US, they are worth $15 Billion, oh and they did $19,000,000,000 in revenue for 2014.....snapchat has a value worth as much as kohls, a stupid lame messaging app for tweens and teens where there little notes and pictures disappear, this market is a fucking joke to value any app in the billions of dollars....lets see who gives snapchat there last round of investments before all of the privately held start ups burst. IF these companies are so valuable and have all this coolness factor to them why do they need hundreds of millions of dollars......... (Reuters) - Alibaba Group Holding Ltd (BABA.N) is investing $200 million in photo-messaging app Snapchat, a source familiar with the deal said, striking its latest Silicon Valley deal as the Chinese ecommerce company builds up mobile services. The investment values the Los Angeles-based company at around $15 billion, according to Bloomberg, citing people familiar with the situation. This places the four-year-old company into the top ranks of privately held startups. http://www.reuters.com/article/2015/03/12/us-alibaba-snapchat-idUSKBN0M72L320150312
But if you want to see private parts while sexting, I hear it's truely the tops, Never actually used it, What's app for me and keeping the pics It has over heads, 2 programmers count right ?? maybe even a small office. NUTS!!!