Snapchat working on raising $500 million of funding at a $16 to $19 billion valuation

Want to know how real wealth is made? Consider the saga of Snapchat. First, some background for those unfamiliar with the messaging app. Snapchat is known for the way its users' pictures and videos 'self-destruct' ten seconds after being viewed. Trying to become more mainstream, the app recently hosted the first music video from Madonna's new album...

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