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Snapchat Looking for $20 Billion Valuation

Discussion in 'Article Discussion' started by Melody Bot, May 24, 2016.

  1. Melody Bot

    Your friendly little forum bot. Staff Member

    This article has been imported from for discussion. All of the forum rules still apply.

    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.

  2. bmir14

    Trusted Supporter

    I slammed this app until i started using it. Then it clicked for me. Instagram/Facebook is very glossed over with people picking the perfect picture to share... Snapchat is more "this is my actual life"
  3. amorningofsleep

    No-rope barbed wire Jones

    I feel like I uninstall Snapchat at least once a month. I just get fucking bored with it.
  4. Agreed, I remember people telling me to download Snapchat three years ago. I passed for so long, saying it was dumb, etc. Finally downloaded it a couple months ago and it's a lot of fun.
    Jason Tate likes this.
  5. jpmalone4

    Stay Lucky Supporter

    They've come a long way from just disappearing pictures, that's for sure.
  6. StevenW92


    I don't really know all that happens on snapchat but I couldn't think of anything more embarrassing then sending people a picture of myself.
  7. ncarrab

    Prestigious Supporter

    I downloaded Snapchat back in 2012, had it for like 3 days and then deleted it. Then it became SUPER popular within what, the past 6 or so months? My wife is annoyingly OBSESSED with it and it's somewhat bothersome because she literally has to 'snap' everything all the time, especially with our son and dog.

    It's like no more living in the moment. Everything has to be documented.
  8. DarkHotline

    Proud To Bathe With A Rag On A Stick Prestigious

    I have a love/hate relationship with it. I like just being able to spontaneously send picture of my life to people but on the other hand, I feel like a pest doing so. Plus, fuck those long ass stories of people just being in like Rhode Island or whatever, I don't care. Stop it.
  9. Jonathan

    ¯\_(ツ)_/¯ Verified

    You guys summed up my feelings – I forever considered this app for kids, but my gosh it's so fun. And yeah @Jason Tate I totally watch your snaps.
    Jason Tate likes this.
  10. Jonathan

    ¯\_(ツ)_/¯ Verified

    I can also relate with this, sometimes it's a chore to go through everyone's stories, but it's nice to know they disappear eventually anyways so I'm mostly viewing fresh content.
  11. Dumpweed182

    Shut Up

    Snapchat is probably my favorite app. It's a lot of fun.
  12. jorbjorb

    7 rings

    Snapchat is annoying as hell. Glad I got rid of it
  13. tyler2tall

    Trusted Supporter

    I remember bashing them so bad when they turned down Facebook's offer of 3 billion a couple years ago.
  14. heymattrick

    Sending my love

    That's crazy. But it's also crazy when I realize I've been using Snapchat daily for almost 4 years.
  15. MattNCheeze


    Facebook for news article sharing. Twitter for drunk thoughts/ramblings. Instagram for the Hot Dog I ate for lunch. Snapchat for when I'm killin car karoake.
    Quin Stack likes this.
  16. supernovagirl

    Poetic and noble land mermaid

    Snapchat is killing the social media game, honestly
  17. fyebes

    Regular Prestigious

    exactly this. every update they do makes it better and better, it seems.
    supernovagirl likes this.
  18. ncarrab

    Prestigious Supporter

    I'm just good with Twitter. To me, Twitter is the best invention of all-time. When I was in college, I used to bookmark like 50 websites and go to each one of them every single day to catch up on news, entertainment, sports, movies, etc. Now, it's all in once place and you can get everything you need to know in 5 seconds. I guess Twitter doesn't really have entertainment value (as a Snapchat), but if you want info fast and quick, it's easily the best place to go.
  19. Dumpweed182

    Shut Up

    Twitter is excellent, but they offer vastly different experiences. I use and greatly enjoy both daily.
    supernovagirl likes this.
  20. supernovagirl

    Poetic and noble land mermaid

    As stated above they are definitely totally different experiences. Like you said, snapchat has excellent entertainment value. Their filters changed the game, regardless of what anyone says.