Snapchat Just Bought a Drone Startup With Hollywood Connections (Report)

Snap, the company behind Snapchat, has acquired a small Venice, Calif.-based drone startup, Buzzfeed reported Friday afternoon. The company in question, dubbed Ctrl Me, counted some Hollywood studios among its clients. Buzzzfeed reported that the acquisition was a small-scale acquihire, with Snap spending $1 million or less to hire Ctrl Me’s founder Simon Nielsen. Snap... Read more » Janko Roettgers