Twitter in talks to buy Justin Bieber-backed selfie photo-sharing start-up Shots
26 Nov 2014
Microblogging site Twitter Inc is in talks to buy Shots, a start-up selfie photo-sharing app, CNBC today reported, citing an unnamed source close to Shots.
Shots, based in San Francisco was launched in November last year and is backed by teenage singer Justin Bieber. It has more than 3 million users, nearly two-thirds of them women under 24, according to CNBC.
Bieber had last year invested $1.1 million in the app, which is available on Android and IOS.
Shots held its first round of funding in 2012 and raised around $1.5 million from top Silicon Valley and Los Angeles investors, including Shervin Pishevar, Floyd Mayweather, Omar Epps, NALA investments, and Tom McInerney.
Shots, founded by Sam Shahidi, John Shahidi, allow users to take selfie's from their front-facing camera, but others cannot comment or post public messages. It however allows users to directly message to other Shot members.
