2min chapter

Acquired cover image

Episode 32: The Snap Inc. IPO

Acquired

CHAPTER

Snapchat's Capital Infusion

Snapchat raised three to four billion dollars in its IPO. The company is now selling spectacles, which they've been doing for a while. Snapchat's infrastructure costs were higher than the revenue it was making from advertising. That's before even paying any of their payroll costs or hardware costs.

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