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Further investments for Snapchat

by on13 December 2013 1388 times

Last month, a huge public attention was drawn when a successful start-up Snapchat made a decision to refuse billions from Google and Facebook and stay, at least for now, in the hands of its founder, who are students at Stanford.

Earlier this year their company collected 60 million from various investors and venture capital investment funds, and this week an announcement arrived saying that they have collected an additional $50 million. In total, therefore, this company since its creation two years ago, received 123 million dollars from investors, while not earning a single dollars from their own services.

The only real value of the company makes the users base - millions of users who daily exchange over 400 million photos and videos that are disappearing from their phone within a few seconds. According to data from the Pew Research Center in October, in the US as much as 9% of mobile phone users use Snapchat.

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Last modified on 13 December 2013
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