A year ago, Snapchat was valued at $2 billion, which seemed high for a company with almost no revenue. Its profit margin has remained a solid zero, but that $2 billion valuation is now only a fraction of what investors see in Snapchat’s future.
Since the news of their last one didn’t go over so well, good guy Facebook has decided to recruit and pay people who actually desire to participate in their upcoming study.
The moms and dads at the West Midlands Police Department in Britain have banded together to create a Snapchat account.
Ever since they’ve gotten flack for their $3 billion valuation from Facebook, Snapchat has been doing everything from spamming ads to branded stickers to prove that they can play in the same sandbox as other web giants. But why sell stickers when you can simply move money around and collect a little transaction fee?
Not since Jay Z met Kanye has there been a collaboration that made so much sense.
Snapchat and Electric Daisy Carnival, the EDM music festival known for letting the good times roll especially hard, are teaming up this weekend to debut Snapchat’s new feature, Our Story. With Our Story, users who are at the same event can contribute snaps to the same story, Snapchat announced in a blog post.
It’s basically Snapchat Story (to which this reporter is now addicted after having derided it as stupid and self-indulgent), but for a huge group of people. Read More
If you were wondering whether Snapchat CEO and noted non-apologizer Evan Spiegel was a particularly humble guy, the answer is no, he is probably not.
Today, through a somewhat confusing interaction between Mr. Spiegel and Business Insider reporter Alyson Shontell, we learned that Mr. Spiegel maybe kind of snubbed an invitation from Mark Zuckerberg to come meet him at Facebook’s San Francisco headquarters in 2012. Mr. Zuckerberg reportedly wanted to speak with Mr. Spiegel prior to the launch of Facebook’s Snapchat wannabe app, Poke. Read More
Eton College, the all-boys British boarding school that has produced the likes of Prince Harry and Bear Grylls, has banned Snapchat out of fears that the boys were exposing too much of their union jacks with each other.
According to the Telegraph, the elite school has barred students from accessing the app over the school’s wifi out of fears of sexting. Students can still use Snapchat over their cellular network, but the school’s headmaster (obviously) said the ban is to diffuse some its frisky students from oversharing. Read More
Following a massive security breach that exposed the private information of millions of Snapchat users, CEO Evan Spiegel finally spoke out publicly on NBC’s Today this morning.
In the “exclusive interview,” conducted by star tech reporter Carson Daly, Mr. Spiegel said that despite prior warnings from a security company that its users’ information was vulnerable to a hack, he believed the company did enough to protect it users. Apparently “enough” has a fuzzy definition since hackers were able to expose the usernames and phone numbers using the app’s “Find Friends” feature on New Year’s Eve. Read More
In a display of drama that doesn’t come as much of a surprise knowing their track record, the certified bros at Snapchat reportedly filed for a temporary restraining order against one of their cofounders, TechCrunch reports.
The disappearing photo app’s three founders‐‐Reggie Brown, Evan Spiegel and Bobby Murphy‐‐are already embroiled in a lawsuit, with Mr. Brown alleging that he came up with the idea, then collaborated with Mr. Spiegel and Mr. Murphy before the latter two locked him out of access to building the app, which was then called Picaboo. Read More