An app worth $19,000,000,00? These are ludicrous valuations being placed on something worth no more than a couple of million of dollars. Thats a large market cap than
KOHLS @ $13.91B
GME @ $4.05B
JNPR @ $10.20B
NVDA @ $12.18B
GPRO @ $6.46B
RIG @ $6.90B
SNDK @ $17.51B
I can name another 100+ companies with market caps under $20,000,000,000, how could snapchat, an app be worth $19 BILLION DOLLARS? BUBBLE ben bernanke is the reason why investors believe its worth $19 billion, he created this so called fantasy like wealth effect that is nothing but smoke and mirrors, with tens of trillions of dollars running through the system its created values on companies that shouldn't be worth 1/100th of what they are actually valuing them at, why doesn't anyone see this? Why is it after the collapse that everyone will notice this, People need to wake the fuck up and realize what is actually going on in this economy and market, this is well beyond the norm of anything anyone has ever seen before......
Snapchat raising funding round at $19 billion valuation: Report
Cadie Thompson | @CadieThompson
15 Hours AgoCNBC.com
127
SHARES
The mobile messaging app Snapchat is said to be seeking funding at a $19 billion valuation, according to a report, citing a person with knowledge of the matter.
Bloomberg is reporting that the Los Angeles-based company is aiming to raise $500 million at a valuation of $16 billion to $19 billion, making it the third most highly valued tech start-up backed by venture capitalists. The Chinese handset maker Xiaomi is valued at $45 billion, while Uber is estimated to be valued at about $40 billion, according to data from CB Insights.
Read MoreVC investment hits $86B thanks to Uber, Xiaomi
Snapchat was valued at $10 billion in August, according to a Dow Jones report.
Some of its investors from previous rounds include Benchmark, Lightspeed Venture Partners and Kleiner Perkins Caufield & Byers.
The popular app, which allows users to share video and picture messages that disappear after a short period of time, has shown impressive growth over the past year.
The number of unique visitors using the app has risen 44 percent since January 2014, according to data from Comscore.
KOHLS @ $13.91B
GME @ $4.05B
JNPR @ $10.20B
NVDA @ $12.18B
GPRO @ $6.46B
RIG @ $6.90B
SNDK @ $17.51B
I can name another 100+ companies with market caps under $20,000,000,000, how could snapchat, an app be worth $19 BILLION DOLLARS? BUBBLE ben bernanke is the reason why investors believe its worth $19 billion, he created this so called fantasy like wealth effect that is nothing but smoke and mirrors, with tens of trillions of dollars running through the system its created values on companies that shouldn't be worth 1/100th of what they are actually valuing them at, why doesn't anyone see this? Why is it after the collapse that everyone will notice this, People need to wake the fuck up and realize what is actually going on in this economy and market, this is well beyond the norm of anything anyone has ever seen before......
Snapchat raising funding round at $19 billion valuation: Report
Cadie Thompson | @CadieThompson
15 Hours AgoCNBC.com
127
SHARES
The mobile messaging app Snapchat is said to be seeking funding at a $19 billion valuation, according to a report, citing a person with knowledge of the matter.
Bloomberg is reporting that the Los Angeles-based company is aiming to raise $500 million at a valuation of $16 billion to $19 billion, making it the third most highly valued tech start-up backed by venture capitalists. The Chinese handset maker Xiaomi is valued at $45 billion, while Uber is estimated to be valued at about $40 billion, according to data from CB Insights.
Read MoreVC investment hits $86B thanks to Uber, Xiaomi
Snapchat was valued at $10 billion in August, according to a Dow Jones report.
Some of its investors from previous rounds include Benchmark, Lightspeed Venture Partners and Kleiner Perkins Caufield & Byers.
The popular app, which allows users to share video and picture messages that disappear after a short period of time, has shown impressive growth over the past year.
The number of unique visitors using the app has risen 44 percent since January 2014, according to data from Comscore.