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Snap Keeps Snapping Up Companies
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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.

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