Snapchat parent looks to raise $1B in debt offering

Snapchat parent looks to raise $1B in debt offering. Snap says it will use the funds to invest in the growth of the business in the form of working capital, operating expenses, and capital expenditures. But it added that it may use some of the funds to acquire outside companies or products. Snap’s rebound on Wall Street and its user growth announced in its most recent quarter all lend a positive outlook that supports raising more funds to reach profitability and goose user and revenue growth. Tubefilter