Snapchat has acquired Zenly, a French startup that makes a social map so people can see where their friends are hanging out, for $200m in cash plus additional stock awards. Zenly’s app lets users see where their friends currently are on a map using constant GPS in the background. People can then message these friends in the app to make plans to hang out. Snap Inc. will however allow Zenly to run somewhat autonomously. Zenly has said that its product updates will be the main drivers of user growth, which slowed…
Read MoreSnapchat acquires social map app Zenly to allow users to track their friends
