Snapchat Parts Ways With COO

In what has been a constant, Snapchat-all-the-time news week, the Venice, California-based messaging company has apparently cut loose its COO, Emily White, as CEO and co-founder Evan Spiegel has decided to take a more hand-on role at the company. White had only joined Snapchat in 2013, having formerly been Instagram's Director of Business Operations. The news comes only a day after leaks of a $200M investment in Snapchat by Alibaba, which reportedly values Snapchat at $15 billion.