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Re:Snapchat raised $1.8B in a Series F round by richardking on Thursday May 26, 2016 @04:13PM (#11781121)
There were lots of question on whether they could monetize on mobile when they IPO'd. I think their stock went down 33-50% from their IPO price until they showed they could make the transition.

http://www.forbes.com/sites/greatspeculations/2012/07/27/fac...

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