Snapchat Seeks to Raise as Much as $4B in IPO
When a company like Uber is raising insane amounts of money I think to myself - "ok, they're working on vehicle automation and other ambitious projects, it makes sense".<p>When a company like snapchat is looking for 4B in addition to existing funding I am left completely dumbfounded.<p>Can someone please explain why they would need this much cash?