Snapchat Worth An Estimated 10-Billion Dollars

Snapchat Worth An Estimated 10-Billion Dollars
(Undated) -- Snapchat is becoming one of the most highly-valued technology companies, despite the fact it doesn't have a solid revenue stream. ReCode reports Snapchat is about to raise funds through a venture capital firm that values the start-up at ten-billion dollars. Most analysts thought Snapchat should have accepted a three-billion dollar offer from Facebook last year. The latest value estimate seems to justify the company's willingness to hold out.
Snapchat allows users to send texts, photos, video and drawings that are automatically deleted and wiped off the company's servers seconds after they are sent.