Around the Net
Snapchat Becomes A Top Five Unicorn
- The Times, Friday, May 27, 2016 6:21 AM
Snapchat has raised $1.8 billion in a funding round that is likely to make it the world’s fifth most valuable so-called unicorn. The cash injection, which is more than double the $850 million it raised in previous funding rounds, was disclosed yesterday in a regulatory filing. About 110 million people use the app for disappearing photo and video messages every day, including 35 million in Europe.
