GNARBOX, a Santa Monica-based startup that develops a device that allows digital content creators to back up, edit and share their media from anywhere, revealed today it had raised $8.5 million in the wake of the startup’s long-awaited device landing on shelves.
After months of speculation, Snapchat CEO Evan Spiegal has announced plans to run advertisements on the disappearing photo app. Snapchat has reportedly been meeting with advertising firms and brands in preparation for the launch. To date Snapchat has not monetized any elements of its app, so these advertisements will be the company’s first revenue stream.
