CapitalG first invested in Snap back in 2016, roughly a year before the company went public. For most of the years since, it has had to watch as Facebook pummeled Snap’s business with Instagram clones of Snap features. Recently, Snap has emerged as a force to be reckoned with as customers flock to the social media platform.
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The company has a strong market-leading position in the US iGaming market. The online betting industry in the US could multi-fold as more states legalize betting. While it is still not allowed at the federal level, eventually we could see the US also legalize online betting. The analyst says Flutter is the best-placed UK gaming company in the US.
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