Snapchat raises an extra $1.8 billion, despite low profits
May 27, 2016
Snapchat has raised $1.8billion in its latest funding round, despite continuing difficulty in attracting advertisers and revenues of of only $59m in 2015, even with 110m active daily users.
The fast growing instant and ephemeral messaging service did not disclose its valuation, which TechCrunch estimates at $20billion.
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