Snapchat Branches Out

Turning to a different Silicon Valley story, Snapchat is seeking another round of funding from venture capital firms. The company is reportedly valued at $19 billion: a lot of money for an app that’s ephemeral, literally. Snapchat lets you share pictures and short videos that disappear once they’re watched. Now, however, it’s trying to extend its impact by branching out into news and other media content.