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Snapchat Snags $175M From Fidelity

  • Variety, Friday, March 4, 2016 10:21 AM

 Snapchat raised $175 million from Fidelity Investments, bringing the youth-skewing vanishing-message service to more than $1.3 billion raised to date. It maintains its $16 billion valuation. The infusion is nice change but the flat valuation may be telling.

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