Last Updated 08 May 2020

Snapchat Raises $1.81 Billion in New Funding Round

Category Essay Examples
Essay type Research
Words 133 (1 page)
Views 66

Messaging app Snapchat Inc. has raised $1.81 billion in an equity offering, indicating strong investor interest in the company despite concerns that it is struggling to attract advertisers.

Snapchat did not disclose its valuation in the latest round of funding on Thursday.

However, technology website TechCrunch reported on Monday, citing sources, that the company could be valued at about $20 billion.

Don't use plagiarized sources. Get Your Custom Essay on

Snapchat Raises $1.81 Billion in New Funding Round

just from $13,9 / page

get custom paper

Snapchat, which makes a free mobile app that allows users to send videos, photos and messages that vanish in seconds, has faced concerns that the company's estimated valuation is not justified because of its uneven revenue stream.

Investors in this round included General Atlantic, Sequoia Capital, T. Rowe Price, Lone Pine and Fidelity, among others, reported on Thursday, citing sources.

Snapchat was not immediately available for comment.

(Reporting by Anya George Tharakan in Bengaluru; Editing by Anil D'Silva)

Remember. This is just a sample.
You can get your custom paper from our expert writers

get custom paper

Cite this page

Snapchat Raises $1.81 Billion in New Funding Round. (2018, Aug 09). Retrieved from https://phdessay.com/snapchat-raises-1-81-billion-in-new-funding-round/

Not Finding What You Need?

Search for essay samples now

We use cookies to give you the best experience possible. By continuing we’ll assume you’re on board with our cookie policy

Your Deadline is Too Short?  Let Professional Writer Help You

Get Help From Writers