Snap Chat Is 56 Billion Worth

It is popular to use Snap chat, and there seems to be money in the app, which has millions of users.

Snap chat has rejected offers from Facebook and Google to be purchased for respectively 3 and 4 billion dollars, and though it may sound daft to say no to the offer, then it was maybe a good idea. In any case is Snap chat been assessed to be worth 10 billion dollars.

For comparison, Instagram bought by Facebook for 1 billion dollars, representing one-tenth of what the Snap chat should be worth.

Just over a year ago was Snap chat estimated at 800 million worth, and since the June of 2013 is the value thus increased to more than 10 times that in just over a year.

A spokeswoman for Snap chat, however, has said that valuing Snap chats business is the least interesting aspect of Snap chat. The high valuation is done despite the fact that Snap chat does not yet have any real plan for making money, and it helps to make the 10 billion dollars or good 56 billion Danish kroner is even more impressive.

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