Twitter has discussed acquisition of Shots
Twitter, Inc. (NYSE: TWTR) has considered acquiring San Francisco, California-based Shots, CNBC reported.
Shots, an app where users post and share "selfie" photos, has raised USD 2.7m to date from investors including Floyd Mayweather and Justin Bieber. The company was founded by brothers John and Sam Shahidi. As of last month, Shots had 3 million users, 73% of which are "active users," according to re/code.
The CNBC report cited a source close to Shots for the information.
As reported, Twitter CFO Anthony Noto inadvertently tweeted his support for an acquisition earlier today (Tuesday), in a tweet apparently intended as a private message. The company Noto was referring to is not known, and the CNBC report does not claim that it is Shots.
CNBC