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Snapchat — now just ‘Snap’ — is widely reported to be gearing up for an IPO next year that could value the company at around billion.The latest suggestion is that it could raise billion from a listing.By using our services (the "Services") or by completing the registration process to obtain and use a Qpid Network Account, you agree to be bound by this Agreement for as long as you continue to be a member.
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That growth has also encouraged acquisition interest from Tencent — the maker of blockbuster chat app We Chat — Alibaba and others, Tech Crunch understands.
“It’s true that Snow is receiving love calls from various companies,” a representative from Naver told us in a statement.
For now, Facebook is trying to turn its own properties into Snapchat-like competitors using heavy doses of ‘product inspiration’.
Instagram Stories, a feature that the company admits is inspired by Snapchat, reached a very respectable 100 million users within two months, while Facebook has launched smaller projects that include a social video app that’s just for teens, a Snapchat-like camera feature, and a fairly blatant Snapchat clone that is being tested in Poland.
Here’s fuel to the fire for those who believe that Facebook will buy anything that looks, smells or moves like Snapchat. Snow has around 80 million downloads, and it is adding around 10 million more each month, according to the source.