For a newly-public company facing intense pressure to grow its ad revenue, Snap has no problem spending lots of money on acquisitions.
The six-year-old company has spent a total of $352.4 million in cash on acquisitions from the beginning of 2017 to the end of September, according to a recent filing with the Securities Exchange Commission. For reference, that number is roughly 5 times greater than the cash Snap spent on buying companies within the same period of 2016.
Read more at Business Insider