![]() ![]() In short, the blink-and-you'll-miss it chat service is probably here for the long haul. It raised cash last year on the assumption that it was worth $10 billion, and even a more established name like Twitter "only" racked up $1.4 billion in revenue last year. With an update rolling out today for iOS and Android, you are no longer required to hold a finger down to view snaps and Stories. Assuming it goes through, however, the investment would suggest that Snapchat is growing very quickly. Snapchat is changing its own game yet again. Neither Snapchat nor Alibaba is speaking up about the deal. Snapchat is considered one of the best mobile camera applications, It is used to Snap with families, share stories with friends & view events around the globe, It is a great way to market your business, you can share a Snap picture or video maximum of 10 seconds, You can take Snaps & stack them to create a flick-book of memories which lasts for 24 hours which is called Story. The company wants to promote mobile shopping and otherwise get a foothold on your phone, and services like Snapcash would go a long way toward making that happen. It's not certain why Alibaba is so interested in the service, although its stake in smartphones is probably a big clue. That doesn't even include separate talks that are reportedly bent on raising another $500 million. Bloomberg sources claim that Alibaba, China's online shopping behemoth, plans to invest $200 million into Snapchat on the assumption that it's worth $15 billion. Think you get a lot of value out of Snapchat's disappearing messages, payments and stories? You're not the only one. ![]()
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