Snapchat Parent Seeks Profits As It Raises $1B In Debt Securities
PYMNTS
AUGUST 7, 2019
Snap , the money-losing parent company of Snapchat, is issuing $1 billion in convertible debt for working capital and future acquisitions, CNBC reported Tuesday (Aug. The social media platform is also courting big pharma companies to advertise on Snapchat, reportedly pitching itself as a friendlier alternative to Twitter and Facebook.
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