Published via T: 2015-08-20 14:04:38
One eye-popping number is the $13.7 million spent on “outside services”--almost as much as Snapchat spends on its payroll. It’s unclear what sort of spending that category includes--it often refers to professional expenses like consultants, accountants, and other advisers--or why it’s so high. Luckily for Snapchat, the company has well over $300 million in cash on hand:
One eye-popping number is the $13.7 million spent on “outside services”—almost as much as Snapchat spends on its payroll. It’s unclear what sort of spending that category includes—it often refers to professional expenses like consultants, accountants, and other advisers—or why it’s so high. Luckily for Snapchat, the company has well over $300 million in cash on hand:
