Thread: SnapChat starts trading 3/2/2017
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11-09-2017, 10:53 AM
The Chinese internet company Tencent has acquired a 12 percent stake in Snap, with the social media company struggling to boost user growth.
Tencent runs the WeChat messaging app, as well as online payment platforms and games. Earlier this year, it bought a 5 percent stake in Tesla.
Snap is the parent company of Snapchat, a camera app that lets people send short videos and images.
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It's been a long road and not all of it was paved.
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