TechTaffy

tech:

taffy

Snapchat Raises $50 Million

By TechTaffy Desk

snapchat

Photo-messaging service Snapchat has raised a $50 million round of funding from Coatue Managment. The company had declined a $3 billion acquisition offer from Facebook in November this year.

Coatue Management is a global investment manager focused on public and private companies in the technology, media and telecommunications space. Investments made by the firm include HotelTonight and Box.

[Image courtesy: Snapchat]

You may also be interested in:

Just in

Around the web

Trump announces $20 billion foreign investment to build new U.S. data centers — CNBC

Emirati billionaire Hussain Sajwani, a Trump associate and founder...
Automotive

Honda, AWS to develop software-defined electric vehicles

Honda Motor Company is leveraging Amazon Web Services (AWS)...
Around the web

Meta ending fact-checking program: Zuckerberg — The Hill

Social media giant Meta announced a series of changes...
Around the web

How Elon Musk’s X became the global right’s supercharged front page — The Guardian

Every week, the platform seems to supercharge a news issue that comes to dominate conservative discourse – and often mainstream discourse, as well – with real political repercussions; writes J Oliver Conroy.
Around the web

Court strikes down US net neutrality rules — BBC

A US court has rejected the Biden administration's bid to restore "net neutrality" rules, finding that the federal government does not have the authority to regulate internet providers like utilities; writes Natalie Sherman.