{"id":39556,"date":"2013-12-12T08:08:24","date_gmt":"2013-12-12T13:08:24","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=39556"},"modified":"2013-12-12T12:54:19","modified_gmt":"2013-12-12T17:54:19","slug":"california-hedge-fund-invests-50-million-in-snapchat","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/12\/2013\/california-hedge-fund-invests-50-million-in-snapchat.html","title":{"rendered":"California Hedge Fund Invests $50 Million In Snapchat"},"content":{"rendered":"<p><a href=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2013\/12\/snapchat_ghost.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-39557\" alt=\"snapchat-1\" src=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2013\/12\/snapchat_ghost-300x224.jpg\" width=\"300\" height=\"224\" srcset=\"https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2013\/12\/snapchat_ghost-300x224.jpg 300w, https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2013\/12\/snapchat_ghost.jpg 467w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>New York (HedgeCo.Net) &#8211; California-based hedge fund Coatue Management\u00a0has invested $50 million in\u00a0Snapchat, the\u00a0photo messaging\u00a0application developed by\u00a0Stanford University students\u00a0Evan Spiegel\u00a0and Robert Murphy.<\/p>\n<p>The hedge fund is run by brothers Phillipe and Thomas Laffont, who\u00a0recently released incorporation documents suggesting Snapchat may be worth up to $2 billion.\u00a0The hedge fund already manages approximately $8.5 billion in assets.<\/p>\n<p>\u201cThey have already reached an incredible scale,\u201d Thomas Laffont said in an interview with Forbes,\u00a0\u201cAnd what you do on Snapchat is not something you can do on any other communication platform. We think they\u2019re revolutionizing how people communicate in a mobile-centric world.\u201d<\/p>\n<p>The Snapchat founders say the app is intended to counteract the trend of users being compelled to manage an idealized\u00a0online identity\u00a0of themselves, which he says has &#8220;taken all of the fun out of communicating.&#8221; Users can take photos, record videos, add text and drawings, also setting a time limit for how long recipients can view their Snaps, after which they will be hidden from the recipient&#8217;s device and deleted from Snapchat&#8217;s servers.<\/p>\n<p>Alex Akesson<br \/>\nEditor for\u00a0<a title=\"hedge funds\" href=\"http:\/\/www.hedgeco.net\/\">HedgeCo.net<\/a><br \/>\n<a href=\"mailto:alex@hedgeco.net\">alex@hedgeco.net<\/a><br \/>\n<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\/\">HedgeCo.Net<\/a>\u00a0is a premier\u00a0<a title=\"hedge fund database\" href=\"http:\/\/www.hedgeco.net\/\">hedge fund database<\/a>\u00a0and community for qualified and accredited investors only. Membership in\u00a0<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\/\">HedgeCo.net<\/a>\u00a0is FREE and EASY. We also offer FREE LISTINGS for\u00a0<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\/\">Hedge Funds<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (HedgeCo.Net) &#8211; California-based hedge fund Coatue Management\u00a0has invested $50 million in\u00a0Snapchat, the\u00a0photo messaging\u00a0application developed by\u00a0Stanford University students\u00a0Evan Spiegel\u00a0and Robert Murphy. The hedge fund is run by brothers Phillipe and Thomas Laffont, who\u00a0recently released incorporation documents suggesting Snapchat may [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16044,16043,3],"tags":[],"class_list":["post-39556","post","type-post","status-publish","format-standard","hentry","category-hedge-fund-strategies-2","category-hedge-fund-technology","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/39556","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=39556"}],"version-history":[{"count":3,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/39556\/revisions"}],"predecessor-version":[{"id":39560,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/39556\/revisions\/39560"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=39556"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=39556"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=39556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}