Thursday, August 20, 2015

Report: Snapchat Only Had $3M In Revenues Between January and November of 2014

Venice-based instant messaging startup Snapchat, arguably Southern California's highest visibility "unicorn" startups, had a mere $3M in revenues between January and November of 2014, according to leaked documents published on Gawker. According to documents posted by the online publication, Snapchat lost $128M in the period, on only $3M in revenues. Snapchat was most recently reported to have a valuation north of $16 billion.