Alibaba Snapchat Investment Looks Too Rich

Alibaba announced early yesterday that it would invest $200 million in private photo messaging firm Snapchat. Estimates have the infusion of Alibaba Group Holding Ltd (NYSE: BABA ) capital boosting the overall valuation of Snapchat to $15 billion. The post Alibaba Snapchat Investment Looks Too Rich appeared first on Money Morning - We Make Investing Profitable .