Scalper1 News
Chinese e-commerce giant Alibaba (BABA) will invest $200 million in Snapchat, the mobile app that lets people send short-lived messages, at a $15 billion valuation, according to a Bloomberg report, citing sources. Los Angeles-based Snapchat lets users send friends messages that erase themselves within 10 seconds, has been growing rapidly in the last several years. The Internet upstart rejected a $3 billion from Facebook (FB) in 2013. Scalper1 News
Scalper1 News