Snapchat COO Emily White Leaving Amid Funding, Revenue Plans

(Bloomberg) — Snapchat Inc., which has been raising funds as it starts to bring in revenue, is losing its chief operating officer. Emily White, who helped to build Instagram’s business before it was sold to Facebook Inc., was involved in doing the same for Snapchat, which makes a mobile application for sharing disappearing photos. The Los Angeles-based startup confirmed her departure. Re/code reported the news earlier Friday. “Emily is a talented executive and we thank her for her many contributions to Snapchat,” Snapchat said in an e-mailed statement. Snapchat is planning to receive a $200 million investment from Alibaba Group Holding Ltd. that values the startup at $15 billion, people familiar with the matter said earlier this week. White was hired at the end of 2013. She is the latest executive to depart, including human-resources director Sara Sperling and advertising executive Mike Randall, who the company had hired from Facebook.

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