Coatue Invests $50M In Snapchat

Dec 12 2013 | 1:06pm ET

Coatue Management is the newest investor in photo-messaging service Snapchat.

Snapchat, which allows users to send pictures that are deleted after only a few seconds, announced a new $50 million round of fundraising this week. New York-based Coatue provided the whole amount.

The investment comes just a month after Snapchat reportedly turned down a $3 billion cash offer from Facebook Inc. It was the second time the company rejected an acquisition bid from the social-networking giant.


In Depth

Electronifie: Better Bond Trading

May 11 2016 | 3:03pm ET

Technology has revolutionized countless aspects of investing and trading, but the...

Lifestyle

From Modern Trader: Stephen Curry is a Black Swan

May 18 2016 | 7:43pm ET

What do the rise of the Internet, the sinking of the Titanic, 9/11, and Stephen...

Guest Contributor

LendingClub and the Question of Internal Hedge Funds

May 19 2016 | 8:42pm ET

Peer-to-peer lending platform LendingClub Corp. has been in the news since the firm...