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Snapchat rumored to be worth $10 billion after failed Facebook bid

Alibaba is reportedly talking with Snapchat, which could be valued at over $10 billion

Anthony Garreffa | Aug 4, 2014 at 04:14 am CDT (0 mins, 41 secs reading time)

It wasn't that long ago that rumors were circling that Facebook tried to acquire Snapchat for $3 billion, and then Google took a turn offering up $4 billion, but now it looks like we're finding out why Snapchat held off.

Snapchat rumored to be worth $10 billion after failed Facebook bid | TweakTown.com

Snapchat Inc. is reportedly in talks with investors including Alibaba Group Holding Ltd. for a round of funding that would see the company valued at $10 billion. This might not seem like that high of a number thanks to Snapchat seeing over 700 million "snaps" per day, and over 500 million stories viewed daily. Snapchat competes directly against Facebook, and even more so now that it was adding mobile messaging features to its service.

Snapchat's previous round of funding saw the company raise over $100 million with investors such as Lightspeed Venture Partners, Benchmark, Institutional Venture Partners, General Catalyst Partners and SV Angel.

Last updated: Dec 6, 2019 at 02:46 pm CST

Anthony Garreffa

ABOUT THE AUTHOR - Anthony Garreffa

Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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