Companies That We Believed To Be American, But They Are Really Not!

Published on 10/05/2021
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Snapchat

Without Snapchat, we don’t believe the habit of adding wacky filters to our photographs would have taken off. Bobby Murphy and Evan Spiegel started the app in 2011 with no idea how big it would become. Snap Inc., Snapchat’s parent company, is currently valued at more than $20 billion. Tencent, a Chinese internet titan, increased its market share in 2017 through a partnership with Snapchat. In the hope of reaping a nice profit, this internet titan paid nearly $2 billion for a 10% stake in the social networking company. Apart from assisting with the development of augmented reality, Tencent also contributed technical expertise to assist Snapchat with its augmented reality capabilities.

Snapchat

Snapchat

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Ingram Micro

Ingram Micro began as a small reseller of high-tech items in 1979. As a result of this, a multibillion-dollar company was founded. In the early 1990s, it was able to acquire Softinvest in Belgium. Ingram can now distribute HP products and further extend its market share. Ingram Micro was acquired by Tianjin Tianhai Investment, a subsidiary of the HNA Group, for $6 billion in 2016. As a result, it became one of the parent corporation’s top revenue generators. On the other hand, this expanded Ingram’s global reach.

Ingram Micro

Ingram Micro

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