Snapchat values itself at $19bn

App manufacturer hopes to raise $500m in venture capital investment in deal that would make founder Evan Spiegel’s stake worth $2.85bn
Snapchat is attempting to raise fresh funds that would value the less than four-year-old company at up to $19bn, according to Bloomberg. The Los Angeles-based company, which makes mobile apps that allow users to send photos and videos which self-delete after a few seconds, is reportedly trying to raise $500m of venture capital investment that would value the fi