Snapchat

Snapchat Looking for $20 Billion Valuation

Snapchat is currently raising more money at around a $20 billion valuation.

TechCrunch has learned from multiple sources that Snapchat is raising yet more financing at around a $20 billion valuation. Sources with knowledge of the deal say the social media giant is in the process of a round of about $200 million.

I didn’t really get Snapchat until I started to use it more. There’s something freeing about the app that separates it from the other social apps I use. I think knowing that things you post aren’t forcing themselves into your followers’ feeds (freeing you from being worried about spamming them), and knowing it’ll disappear within a day (freeing you from feeling embarrassed something is up forever), and being able to post quick random videos, makes the app oddly more sticky than I would have expected.

Jason Tate
Jason Tate Jason Tate is the founder and editor-in-chief of chorus.fm. He can also be found at @jason_tate on Twitter and on Facebook.