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Snapchat nabs investment from Alibaba for $15B valuation

Snapchat dials up a $200 million investment from Alibaba. Peter Macdiarmid/Getty Images Chinese e-commerce giant Alibaba has made an investment in Snapchat that could value the ephemeral message service at $15 billion, sources confirmed Wednesday. Alibaba has invested $200 million in the startup, which specializes in messages that vanish after they are read, according to people with knowledge of the …

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Apple’s iTunes and App Stores back online after outage

iTunes and other Apple services are having a bad day so far. Screenshot by Lance Whitney/CNET Apple’s iTunes and App Stores and other online services experienced major hiccups throughout the day Wednesday, a rare occurrence for the world’s most valuable technology company. Apple’s major online stores — which include the Mac App Store and iBooks Store — became unavailable for …

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