Google Capital, the late-stage growth venture capital fund supported by Alphabet Inc., has silently added the Snapchat parent company, Snap Inc. to its group of assets.
Snapchat Inc.
Snapchat business is new, still evolving and advertiser interest is also experimental. But the app service provider has recorded revenue of $100 million during October last year. The company has set goal for up to $350 million revenue during the current year.
Snapchat Inc. reported that its video views hit 7 billion per day on Monday. The mobile based social media company with just 100 million active users are expected to rival Facebook's daily video views anytime soon.
Yahoo Inc has bought Blink, a mobile messaging startup whose app lets users send messages that will self-destruct at a time set by the sender.
Messaging startup Snapchat has settled charges with U.S. regulators accusing it of deceiving consumers by promising that photos sent on its service disappeared forever after a certain period of time.
Subscribe to VCpost newsletter
Most Popular
- China Hits 2 U.S. Defense Companies With Sanctions For Selling Military Weapons to Taiwan
- SSDI Payment April 2024: Who Will Receive Social Security Benefits Today?
- American Airlines Pilots Union Issues Urgent Safety Alert Over Maintenance Issues
- Trump Media’s First Auditor Quits After Just a Few Months on the Job: Report
- Social Security Benefits: 2025 COLA Predicted to Increase Amid Rising Inflation
- Convicted Fraudster Accused of Killing Wealthy Heiress Wife in Swimming Pool to Cash in on Over $4 Million Fortune
- Innocent Female Uber Driver, 61, Shot Dead by 81-Year-Old Ohio Man Who Was Targeted by Scammers
- Spirit Airlines Staff at Florida Airport Filmed Cursing a 'Karen' Passenger After Moaning About Her Flight