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Wed August 27, 2014
Snapchat Reportedly Valued At $10 Billion
The Wall Street Journal is reporting that the Silicon Valley venture capital firm Kleiner Perkins Caufield & Byers has agreed to invest in Snapchat at a valuation of around $10 billion.
Derek Thompson of The Atlantic joins Here & Now’s Sacha Pfeiffer to take a look at why the photo messaging app is valued so high, even though it has very little revenue.