Snapchat continues to pick up steam as it is now being reported that Yahoo will become one of the app's upcoming investing. Already valued at an estimated $10 billion, Yahoo is rumored invest a total of $20 million to Snapchat, which is currently seeking solidified capital. With over 100 million users, Snapchat is one of the premier apps, and an investment from Yahoo, although risky, could end up being profitable for both sides. Stay tuned.
Source: Wall Street Journal