Snapchat Seeking Up To $19B Value In Funding Round

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Let me be the first to say that anyone that thinks Snapchat is worth $19 billion is high on dog food. :p

Snapchat Inc. is seeking a new round of funding that would value the company as high as $19 billion, a person with knowledge of the matter said, making it the third-most valuable venture-backed company in the world.
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VC games. Liberating cash from suckers who come in late since 1997.
 
To think that a company that is worth 19 billion would all of a sudden disappear the next day... no one would really care. How can you put such a high value on something so useless?
 
and yet the U.S is how much in debt, with all this money flying around i think the U.S government needs to come up with some apps and sell them off for a few billion..
 
This is simply a case of some people with the knowledge to know the entire financial system is built upon an illusion, the ability to prove it, and to gain from it.

Fiat currencies = 1% are rich for no great reasons other than (mostly) corruption, absurdness, and after they become rich using the enacted government to stop (red tape laws) the poor from taking it back thus never being able to level the playing field. Master/Slave relationship.

Just think about how greedy you've been at points in your life and then realize people born into wealth are even worse. There is never enough to go around and the poor just get in the way.

Even if they get half of what they want ask for right now, they've won.
 
Snapchat is a product that has been done over and over before. They just got lucky and hit the popularity wave, The next wave will leave it a ghost town. Remember MySpace? This will be like MySpace in 5 years. It doesn't do anything better than anyone else, it's just hit at the right time.
 
Quix said:
Snapchat is a product that has been done over and over before. They just got lucky and hit the popularity wave, The next wave will leave it a ghost town. Remember MySpace? This will be like MySpace in 5 years. It doesn't do anything better than anyone else, it's just hit at the right time.
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I thought the same thing about twitter but its taking a long time to die. You might want to revise your estimate to 10 years.
 
Anything whose sole revenue source is ad revenue isn't worth investing in (unless their name rhymes with noogle).
 
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