Twitter CEO Says Snapchat’s $10 Billion Valuation Is ‘Not Absurd’

Spiegel

Snapchat has routinely been the subject of jokes about the meteoric rise of its valuation. Tuesday’s report that a new funding round would value the messaging company at $10 billion only served to add to the snickers.

Snapchat’s worth $20b; Uber is reenacting The Wire with limos; & Microsoft is right about something. I stepped off in wrong dimension today.

— Paul Kedrosky (@pkedrosky) August 26, 2014

Snapchat valued at $10 billion .. the creator still lives with his dad

— Zora Suleman (@ZoraSuleman) August 27, 2014

Snapchat now valued at $10 billion; world contemplates whether numbers are just symbolshttp://t.co/sTdttXqbtY

— Annie Lowrey (@AnnieLowrey) August 27, 2014 Read more…

More about Twitter, Business, Startups, and Snapchat

via Mashable http://ift.tt/1pHhvTT

Jason Abbruzzese

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