Unsurprisingly. Weirdly popular social-media app “Snapchat” is designed to let users send text, pictures and video that viewed for a few seconds before self-destruct, has raised $13.5 million in venture funding. Quite an impressive valuation!!!
With about 60 million photo messages sent each day at Snapchat, Benchmark Capital has valued the company at $60 million to $70 million.
Do you think photo-sharing social-media app “Snapchat” will be the next big thing like Instagram and Pinterest?
Jenna Wortham wrote, because images sent through the application self-destruct seconds after they are opened, Snapchat is being embraced as an antidote to a world where nearly every feeling, celebration and life moment is captured to be shared, logged, liked, commented on, stored, searched and sold. For people who don’t want to worry about unflattering pictures or embarrassing status updates coming back to haunt them, the app’s appeal seems obvious.
According to them, Facebook CEO Mark Zuckerberg met with the startup in December, presumably just before the release of the Snapchat clone Facebook Poke.