It seems like only yesterday we wrote about snapchat being valued at $800 million, and now facebook have made a cash offer (take the money and run) worth $3 billion. There’s even a crazy rumour (“from a single source, and neither Snapchat nor Google has confirmed“) that google added an extra billion on and offered $4 billion.
Snapchat has around 100 million users that share around 350 million snaps every day. The company makes no profit, and just consists of the app. Obviously it doesn’t have a clear business model, apart from the old advertising chestnut. Quite how that is integrated in to pics of boobs and ass remains to be seen.