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back to article Snapchat wants $19 BEEELLION for your selfies

Photo-sharing service Snapchat is reportedly seeking funding that would value the company at US$19bn. A report from Bloomberg cites sources familiar in claiming that the disappearing pic specialist wants to raise $500m in funding based on the hefty $19bn valuation. That round of funding would, to say the least, represent a …

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  1. solo

    Valuation

    I never, as a coder, understood the quantification. Did they show how vanishing their acts are?

    0 0 Reply
    1. Anonymous Coward
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      Anonymous Coward

      Re: Valuation

      However they justify this, I'm pretty sure they will be gingerly avoiding the mention of Uber's valuation now ..

      0 0 Reply

  2. This post has been deleted by its author

    1. goldcd
      Reply Icon

      Whatsapp had one

      Free for a year, then a dollar a year per user after that - no ads ever.

      Seemed a genius business model - everybody more than happy.

      Just that it crumbles to dust when Facebook rocks up in your reception with a sack of billions to drop off.

      0 0 Reply
    2. silent_count
      Reply Icon

      Re: So...

      @Def: If they got $60 mil one year and $500 mil the next, why, oh God why, would they want to turn a profit? They clearly haven't run out of suckers investors for their scam no doubt soon-to-be-profitable business.

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    3. Tim Almond
      Reply Icon

      Re: So...

      if the $500m investments keep coming....

      That said, if I'd built a zero-revenue photo sharing app and someone offered me $3bn, I think I'd put the deal off by laughing at what idiots they were.

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      1. Mark 85
        Reply Icon
        Trollface

        Re: So... "The Zuck Lesson"

        As long as no one calls the investors "dumb f*cks" instead of the users, all will be well.

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  3. Anonymous Coward
    Anonymous Coward

    valuation

    perhaps some of the more 'revealing' pictures don't vanish

    1 0 Reply
  4. Al_21

    "While $19bn may indeed seem like an eye-watering asking price for a photo-sharing app, it wouldn't come close to cracking the mark set by Uber last year. The ride-sharing service was able to convince investors that it was worth $41bn in its latest round of fundraising."...

    Incomparable... Uber's generating lots of revenue and has potential for lots more... the other isn't.

    2 0 Reply
    1. BigAndos
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      That popped into my mind - Uber is an actual cash generating business, whereas Snapchat's valuation is probably based on the hope Facebook will buy it out at some point.

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