Snap doubled its acquisitions in 2016 as it builds toward IPO

As much of the world was welcoming Santa Claus down their chimneys, news emerged this week that Snap, the company behind perennially popular social network Snapchat, had acquired augmented reality (AR) startup Cimagine Media for “up to” $40 million.
Founded in 2012, Cimagine works on computer vision and real-time image-processing technologies, which is entirely in line with Snap’s mission to be a “camera company” that pushes far beyond its ephemeral photo-sharing ro