Snap said it has paid $124.4 million for its takeover in March of Fit Analytics, a German sizing technology company that powers solutions for retailers and brands, The American social media company gave the information in a 10-Q form filed with the U.S. Securities and Exchange Commission. Snap added that it spent $204.5 million in acquisitions in 2020, without elaborating. They are expected to help the U.S. company to boost the e-commerce features of its Snapchat application, which boasts 280 million daily active users.
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