Another company to add to the teetering Deranged Valuations pile. Snapchat is in talks for a new round of funding that could see it top a $3.6bn valuation. The site, which shares 200m photos a day, could raise the new investment from Asian investors which hints at where its expansion plans lie. CEO Evan Spiegel suggested earlier this month that music could play a key part in its evolution. “In the future, we’d like to support upcoming artists, people that are trying to be actors,” he said at the TechCrunch Disrupt conference. “The social marketing teams of big companies will always figure out a way to advertise on Snapchat. I’d like to create a space for people who have a lot of talent but not a lot of reach.”

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