Snapchat gets $250M investment from Saudi prince for 2.3%

Snap Inc got a fresh infusion of cash from the Saudi royal family to help it survive despite losing $353 million this quarter. Prince Al-Waleed Talal tweeted a video of him and Snap CEO Evan Spiegel, noting that he’s invested $250 million in exchange for a 2.3 percent stake in Snap Inc. The investment raises […] https://ift.tt/2MbJtJr support@endlesssupplies.ca (Endless Supplies .Ca) August 07, 2018 at 04:31PM