Site Search
Google Search
Breaking News: At Least 16 Dead in Greece Flash Floods     - | -     Rapper Lil Peep dies at 21     - | -     Trump Administration Wants To allow Elephant Hunting Trophies In The U.S.     - | -     Surprising Rules About Your Passport You Should Know     - | -     Liberals Want Franken To Resign     - | -     Harvey Weinstein Picks Up Another Accuser     - | -     Sean Hannity Changes Tune and Asks Roy Moore to Drop Out of Race
Snap Keeps Snapping Up Companies
Get Business & Technology Alerts

13 Nov 2017 02:10 AM EST

Snap has spent at least $352.4 million in cash on acquisitions this year. The six-year-old app maker has purchased at least two dozen other companies since 2014 and shows no signs of slowing its spending. Snap has historically used acquisitions to build new products like Spectacles or its search functionality. For a newly-public company facing intense pressure to grow its ad revenue, Snap has no problem spending lots of money on acquisitions. The six-year-old company has spent a total of $352.4 million in cash on acquisitions from the beginning of 2017 to the end of September, according to a recent filing with the Securities Exchange Commission.

Post Your Comment
Excellent Very Good Good Fair Poor



Recently Posted Comments
FREE
AllMediaNY AllMediaNY AllMedaiNY