Snapchat, valued at $25bn, but no profit...This video can not be playedTo play this video you need to enable JavaScript in your browser.Snapchat, valued at $25bn, but no profit...CloseThe BBC's Rachel Horne explains why it's worth so much even though it doesn't make a profit.SubsectionBusinessPublished3 February 2017Shareclose panelShare pageCopy linkAbout sharingRead description