2015 Forbes’ billionaires list: Bill Gates joined by Facebook’s Mark Zuckerberg, Uber’s Travis Kalanick and Snapchat’s Evan Spiegel March 2, 2015 While Forbes’ list of billionaires is topped by the usual suspects – Microsoft founder Bill Gates, business magnate Carlos Slim and investment guru Warren Buffett – young tech entrepreneurs are hot on their heels. Facebook founder Mark Zuckerberg joined the top 20 for the first time with an estimated fortune of $33.4bn (£21.7bn), placing him [...]
How much is Snapchat worth? Four charts showing just how big Snapchat’s $19bn valuation is February 18, 2015 Everyone’s favourite disappearing messaging app, Snapchat, has raised a new round of funding which values the firm as high as $19bn (£12.3bn). It’s a vote of confidence for the four-year-old app, which has just introduced a host of content- driven advertising features in a bid to start generating some revenue. The app is looking to [...]
Snapchat picks up Credit Suisse banker who led Alibaba’s float December 9, 2014 SNAPCHAT made its money-making intentions clear yesterday with the appointment of a major investment banker from Credit Suisse. Evan Spiegel, the 24-year-old founder of the hugely popular messaging app, has brought in heavy-hitter Imran Khan, formerly the head of investment at Credit Suisse who led the bank’s team on Alibaba’s $25bn (£15.9bn) float this year. [...]
Snapchat hires Credit Suisse banker Imran Khan to lead strategy after billion dollar valuation December 9, 2014 Snapchat has made its money-making intentions clear with the hire of a major investment banker from Credit Suisse. Evan Spiegel, the 24-year-old founder of the hugely popular messaging app, has brought in heavy hitter Imran Khan, formerly the head of investment at Credit Suisse who led the bank’s work on the Alibaba IPO earlier this [...]
Snapchat moves into mobile banking with the launch of Snapcash: Will it rival Facebook, Twitter? November 18, 2014 Snapchat is taking the plunge into the mobile payments market, with the announcement of a new app that lets users transfer cash at the hit of a button. The photo messaging service, which lets users send photos vanish after a maximum of 10 seconds, unveiled Snapcash in a blog post yesterday: The product you’re [...]
Snapchat develops Snapcash feature for user-to-user payments November 17, 2014 A new Snapchat feature will allow users to send money to friends alongside disappearing doodles. The instant messaging app has teamed up with payments processing firm Square to develop Snapcash; a new feature which allows users to send money directly into a friend’s bank account. Snapchat says users’ debit card details will be “securely [...]
The Snappening: Snapchat might see app snap after nude pictures leaked – Brand Index October 21, 2014 It was called the “Snappening” – the vast leak of Snapchat pictures, including thousands of nude images, some of them of under-17s – the app’s main demographic. Hackers said they had been able to intercept Snapchat photographs for years. Due to the age of many of the photo messaging app’s users, there had been concerns [...]
Yahoo in talks to invest in Snapchat app October 5, 2014 Yahoo is in talks to use part of its war chest from selling down its stake in Alibaba to invest in photo messaging app Snapchat. The start-up, which was launched in 2011 by three Stanford University students, is in the process of raising a new round of investment valuing it at around $10bn (£6bn). Yahoo [...]
Snapchat now fundraising with a $10bn valuation August 27, 2014 Ephemeral photo messaging app Snapchat is reportedly in the process of raising a new round of investment valuing the mobile messaging app at $10bn (£6bn), far above Facebook’s $3bn takeover offer last year. According to the Wall Street Journal, prolific Silicon Valley venture capital firm Kleiner Perkins Caufield & Byer is said to have invested [...]
Snapchat valued at $10 billion with new investment as monthly users reach 100m August 27, 2014 Evan Spiegel, the 24-year-old founder of Snapchat, must finally feel some vindication in his decision to turn down Facebook’s hefty $3bn (£1.8bn) offer for the hugely popular app last year. Snapchat is in the process of raising a new round of investment valuing the mobile messaging app at $10bn (£6bn), the Wall Street Journal reports, [...]