Source: Yahoo Is Investing $20 Million In Snapchat

Nitasha Tiku · 10/03/14 03:20PM

Earlier today, the Wall Street Journal broke the news that Yahoo, the corporate equivalent of Remember the 90's is "close" to investing in Snapchat, the fratty harbinger of our ephemeral future, at a $10 billion valuation. A source told Valleywag the amount Yahoo is investing is only $20 million and that the deal has closed.

Kevin Montgomery · 08/26/14 06:22PM

Snapchat is joining the ranks of startups "worth" $10 billion. According to the Wall Street Journal, Kleiner Perkins is investing $20 million into the ephemeral messaging app. That cash infusion gives the company a new 11-digit valuation, despite lacking "a clear business model."

Nitasha Tiku · 09/03/13 12:38PM

First they came for the perks. Quirky, the product development startup that raised $68 million last September, just sent out a memo delaying the week off it promised employees in October until Thanksgiving. Between that and laying off its chief revenue officer, we're sure the "damn good party (and talent show!)" consolation prize will be a boozy affair.