The Wall Street Journal is reporting that the Silicon Valley venture capital firm Kleiner Perkins Caufield & Byers has agreed to invest in Snapchat at a valuation of around $10 billion.
Derek Thompson of The Atlantic joins Here & Now’s Sacha Pfeiffer to take a look at why the photo messaging app is valued so high, even though it has very little revenue.
Guest
- Derek Thompson, senior editor at The Atlantic. He tweets @DKThomp.
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