A new round of funding being sought by Snapchat could value the company as high as $19 billion, according to a new report.
“A person with knowledge of the matter” told Bloomberg that the company is hoping to raise as much as $500 million, with execs “in advanced discussions” with fund managers.
This round could potentially land Snapchat a valuation of between $16 billion and $19 billion, making it one of the top three VC-backed startups—behind Uber and Xiaomi.
Snapchat declined to comment on this story.
In 2013, Facebook placed a $3 billion bid to acquire Snapchat, which the company declined.
Encrypted messaging services like WhatsApp and Snapchat are under fire in Britain. Prime Minister David Cameron said Monday that he plans to push for a ban on the messaging services if he wins this year’s general election.
The move would be the result of new surveillance plans proposed following the recent terror attacks in Paris. Cameron said: “In our country, do we want to allow a means of communication between people which…we cannot read?”
Cameron wants to ban the use of any communications that cannot be read by security officials even with a warrant. This includes services like WhatsApp, Snapchat, and iMessage because they encrypt [...]
Surgically implanted NFC chips, U.S. spy program, SnapCash by Snapchat and Square, changes to Facebook’s terms, the Anonymous takeover of the KKK’s Twitter account, Skype for Web, and sexism ratings for games.
Panel: Brad Merrill, Will Reynolds YoungShow Notes VentureBreak Newsletter WearableNow Man has NFC chips injected into his hands to store cold Bitcoin wallet U.S. Spy Program Gathers Phone Data From The Sky Snapchat to Let You Send Money to Friends, Thanks to Square Facebook Proposes Changes To Its Terms, Simplifies Privacy Anonymous responds to KKK’s twitter taunts by hacking, taking over their account Skype Introduces Skype For Web, Bringing Calls And [...]
Following its acquisition of Tumblr, Yahoo may be chasing after another largely teen-focused service, according to the Wall Street Journal: Snapchat.
WSJ’s sources say that Yahoo is currently in talks to lead Snapchat’s next funding round, which could value the startup at a whopping $10 billion.
Will Reynolds Young joins Brad Merrill to talk about Foursquare, Time Warner Cable, Facebook’s new Snapchat competitor, 16 new rules of business, and a TED talk by Britt Reints.
Hosts: Brad Merrill, Will Reynolds YoungShow Notes Will’s Time Warner Story Facebook accidentally launches, then pulls Snapchat competitor Slingshot 16 New Rules of Business Creating Your Owner’s Manual for a Happy Life: Britt Reints at TEDxGrandviewAve App of the Week: EverAlbum
The VentureBreak Weekly theme music is courtesy of Derek K. Miller.
Ted Lyons joins Will Reynolds Young to discuss the NSA’s database of faces, Apple’s $3 billion acquisition of Beats, Evan Spiegel’s leaked fraternity emails, Quora, and more.
Hosts: Brad Merrill, Ted Lyons, Will Reynolds YoungShow Notes Report: The NSA Has Collected Millions Of Faces From The Web Apple Confirms $3 Billion Acquisition Of Beats Snapchat CEO ‘Mortified’ by Leaked Stanford Frat E-Mails “Fuck Bitches Get Leid,” the Sleazy Frat Emails of Snapchat’s CEO Why Quora Is My Favorite Social Media Service Someone Stuck A GoPro Inside A Running Dishwasher Google Blocks Extensions Not In The Chrome Web Store For Windows Users
The VentureBreak [...]
Snapchat today announced Chat, a new feature of the vanishing-messages app. You can now swipe right on a friend’s name in your Snapchat inbox to send instant text messages, and even chat face-to-face when you’re both in the app. When you leave the Chat screen, messages viewed by both parties will disappear—but now you have the option of saving anything you want to keep with a single tap (or, of course, a screenshot).
“Building Snapchat has taught us a lot about what makes conversation special,” the company wrote in a blog post. “When we first started working on an application for sharing disappearing pictures, we had no idea how much we [...]
Ted Lyons joins Will Reynolds Young and Brad Merrill to discuss entrepreneurial failure, Square’s losses, Aereo’s advocacy site, Flickr’s latest app update, Comcast scammers, Facebook mobile ads, urBin, Couch to 5k, Timehop, and more.
Hosts: Brad Merrill, Ted Lyons, Will Reynolds YoungShow Notes What Snapchat Teaches Us About The Way Teens Define Privacy George Watsky: Letter to My 16-year-old Self Thoughts On Failure From Entrepreneurs Who Have Been There Square Is Losing Millions And Wants To Sell Aereo Opens Lobbying And Advocacy Site Flickr’s Latest App Update Looks A Lot Like Instagram Comcast Bills Lowered $2.4 Million By Scammers Facebook To [...]
If you’re smart, you know it’s a bad idea to share incriminating photos you wouldn’t want the world to see. But alas, people continue to do it, often with Snapchat. The assumption is that you can send something over Snapchat, the recipient can view it, and it will be gone forever. However, according to this video, that may not be the case.
Facebook has announced that it’s rolling out an app called Poke, a competitor to the popular photo sharing app Snapchat, which allows users to send photos that disappear seconds after they’re sent. The Poke app allows users to send messages, pictures, or videos to Facebook friends and have that content disappear shortly thereafter.