According to a Wall Street Journal report, Fidelity Investments provided the funding, paying the same US$30.72 per-share price that it did last March.
Separately Reuters reported that the US$175 million came from Fidelity and other investors and was an extension of Snapchat’s Series F funding round, which it began raising last year.
Earlier this week Snapchat CEO Evan Spiegel reportedly told delegates at the Morgan Stanley Technology, Media & Telecom Conference in San Francisco that Snapchat users now watch eight billion videos on the service each day.
22 September 2020 @ 12:21:02 UTC
Industry veteran Ivins in at TVSquared as CSO digitaltveurope.com/2020/09/22/ind… https://t.co/mcpXew65oo
22 September 2020 @ 11:49:17 UTC