Yahoo CEO Marissa Mayer has apparently figured out what she wants to do with some of the billions her company made from the Alibaba IPO a couple of weeks ago.
There are reports today that Yahoo is going to take a stake in Snapchat, the app that lets users send messages that disappear after a couple of seconds.
No word on exactly how much, but it values the startup at $10 billion.
And yes, Yahoo is a company on the ropes, buying a company that makes things disappear... fill in the blank with your own joke here.
As a nonprofit news organization, our future depends on listeners like you who believe in the power of public service journalism.
Your investment in Marketplace helps us remain paywall-free and ensures everyone has access to trustworthy, unbiased news and information, regardless of their ability to pay.
Donate today — in any amount — to become a Marketplace Investor. Now more than ever, your commitment makes a difference.