Companies That Are Not American Made, But Everyone Believes They Are!

Published on 10/05/2021
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Snapchat

We don’t think the trend of applying weird effects to our photos would have taken off if Snapchat didn’t exist. Bobby Murphy and Evan Spiegel founded the app in 2011 with no idea how successful it would become. Snapchat’s parent firm, Snap Inc., is currently valued at more than $20 billion. Tencent, a Chinese internet behemoth, gained its market share in 2017 thanks to a collaboration with Snapchat. This internet behemoth paid nearly $2 billion for a 10% interest in the social networking startup in the intention of making a tidy profit. Tencent supplied technological skills to help Snapchat with its augmented reality capabilities in addition to assisting with the creation of augmented reality.

Snapchat

Snapchat

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Ingram Micro

In 1979, Ingram Micro began as a tiny reseller of high-tech equipment. As a result, a multibillion-dollar corporation was established. It was able to buy Softinvest in Belgium in the early 1990s. Ingram may now distribute HP products, increasing its market share. Ingram Micro was purchased for $6 billion in 2016 by Tianjin Tianhai Investment, an unit of the HNA Group. As a result, it became one of the top revenue generators for the parent corporation. On the other side, this broadened Ingram’s global footprint.

Ingram Micro

Ingram Micro

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