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.
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