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Snapchat confirms USD 1.8 bln funding round

2016-05-26 15:50:00| Telecompaper Headlines

(Telecompaper) Snapchat has confirmed a Series F financing round of USD 1.8 billion, in a filing with the SEC. Of the total, USD 1.158 billion was raised in the past five months, reliable sources tell TechCrunch. Investors in the round reportedly included General Atlantic, Sequoia Capital, T. Rowe Price, Lone Pine, Glade Brook Capital, IVP, Coatue Management and Fidelity, among others. The website also obtained details on Snapchat's revenue performance, showing its turnover was just USD 59 million last year. However, sales accelerated in the second half of the year after it started more monetisation efforts, growing from USD 4 million in Q1 to USD 33 million in Q4. 

Tags: round usd funding confirms

 

Report: Snapchat Users Watching Ridiculous Amount of Video

2016-04-29 18:04:43| PC Magazine Software Product Guide

Snapchat now sees 10 billion daily video viewsup from 8 billion in February, according to Bloomberg.

Tags: video report users amount

 
 

Swap Faces With Anyone in Your Camera Roll on Snapchat

2016-04-22 18:05:04| PC Magazine Software Product Guide

The latest update also ditches paid replays; now, every snap can be replayed only once.

Tags: on camera roll faces

 

Surprise: Teens Love Snapchat, Apple

2016-04-14 19:04:41| PC Magazine Software Product Guide

Among 6,500 kids surveyed, 28 percent said Snapchat was their favorite app, followed by Instagram.

Tags: love apple surprise teens

 

Periscope Taking Page From Snapchat With Doodles

2016-04-12 22:06:52| PC Magazine Software Product Guide

Twitter is "testing Sketching with a small group of people," the company said.

Tags: page taking page taking taking page

 

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