Katie O'Brien
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Katie O'Brien in Senior Content Editor,

Snapchat Valued at $15 Billion

Popular photo sharing app Snapchat (NYSE: BABA) is now tied for third place on Fortune’s Unicorn List. The application has recently been valued at $15 billion, according to Fortune.

Recently, Chinese Ecommerce Company Alibaba invested $200 million in Snapchat funding, Fortune reported. In a new series of funding, Series F, Snapchat will sell 21 million new shares of the company and, further, the company sold $485 worth fo shares in Series F just last month.