Yahoo plans to invest $ 10 billion for Snapchat

Yahoo may soon invest an amount of up to $ 20 million in Snapchat as part of a massive $ 10 billion investment project.

Yahoo plans to invest $ 10 billion for Snapchat Picture 1

Snapchat has always received the attention of investment companies over the years. The company once made a reputation in the technology industry by rejecting billions of dollars of offers to buy from giants like Facebook or Google. However, this messaging service still lacks tangible revenue sources, so the only source of income to maintain operations is from investors like Yahoo and various venture capital companies.

Currently Snapchat is very successful in the field of text messaging services, making large companies like Facebook and Microsoft turn to launch their services to compete. Therefore, a non-revenue service like Snapchat will be very difficult in today's increasingly fierce competition.

According to a recent report, Snapchat will " bumper " future advertising - based on the number of more than 100 million active users. For a large investor like Yahoo, there may be a mutually beneficial partnership, which also increases Yahoo's competitiveness with its major competitor Google, and will allow Snapchat to expand its influence. I am in the messaging service market.