Saturday, 29 August 2015
Last updated 6 hours ago
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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…