TechCrunch: Should cash-strapped Snapchat sell out? To Netflix?

TechCrunch: Should cash-strapped Snapchat sell out? To Netflix? . “Snapchat needs a sugar daddy. Its cash reserves dwindling from giant quarterly losses. Poor morale from a battered share price and cost-cutting measures sap momentum. And intense competition from Facebook is preventing rapid growth. With just $1.4 billion in assets remaining at the end of a brutal Q3 2018 and analysts estimating it will lose $1.5 billion in 2019 alone, Snapchat could run out of money well before it’s projected to break even in 2020 or 2021. So what are Snap’s options?”

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