What’s New at Snap.com

Michael Liedtke’s AP story: Snap.com Plans to Combat ‘Click Fraud’, offers a look at what Bill Gross and Snap.com are up to these days including news that the company has just secured more than $10 million in venture capital funding.

Quick takes from the article:

+ “We feel there is so much more innovation that can take place in search,” Gross said Monday. “It’s hard to say that little Snap will ever beat Google, but I think we can become a viable alternative.”

+ Gross is among those who believe click fraud is a big problem. He aims to change things with a “cost per action” system that only charges ad commission when a purchase is actually completed. “I believe the commercial side of search will evolve toward cost-per-action in the next five to 10 years,” Gross said.

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