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SnapChat Heading Towards Monetization and a Potential $1 Billion Valuation

To say that SnapChat has taken off would be an understatement. When we first wrote about the app in December of last year, we were impressed that the (not entirely) self-destructing photo messaging app had managed to raise over $10 million at a $70 million valuation. Now, if we add a zero to each of those numbers we'd still fall short of what several sources are expecting from the SnapChat's latest round of funding.