Snapchat, the ghost iconed app, may be very popular among teenagers. But in investors eyes, it is very serious valuation.
The company is standing tall with a raising venture capital that could value the company at $19 billion, according to New York Times. If the company is able to raise capital at that price, it will top the charts as one the highest-valued private company in the tech industry.
Only a few privately held companies are valued at end go billions go dollars today. Uber, the hailing start up, recently raised a breaking financing value at $40 billion. The Xiaomi Cooperation, a Chinese smartphones manufacture, is valued at $45 billion.
Snapchat is soon projected to be on the same level as WhatsApp, the mobile messaging start-up acquired by Facebook for a shy $22 billion last year.
Now your probably wondering, "How Snapchat makes their money?" Well recently the company made the first big step in higher revenue streams. With "Discover" on Snapchat companies like CNN, ESPN and Comedy Central can set up little snippets of what is trending. Based the Snapchat's revenue, these companies pay a lot to be on there