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Snapchat is an American multimedia instant messaging app and service developed by Snap Inc., originally Snapchat Inc.One of the principal features of the multimedia Snapchat is that pictures and messages are usually available for only a short time before they become inaccessible to their recipients.
Snap Inc. is an American technology company, founded on September 16, 2011, by Evan Spiegel, Bobby Murphy, and Reggie Brown based in Santa Monica, California.The company developed and maintains technological products and services, namely Snapchat, Spectacles, and Bitmoji.
[8] [9] The app's popularity grew significantly and in 2012, Spiegel left Stanford to focus on Snapchat shortly before completing his degree. [1] [10] By the end of 2012, Spiegel's Snapchat app had reached 1 million daily active users. [8] He later completed his remaining credits and graduated in 2018. [11] [12]
The product works like Snapchat Stories: users can post 24-hour ephemeral photo and video slideshows that disappear. [119] Instagram CEO Kevin Systrom openly admits that the feature is copied from Snapchat, based on the success of Snapchat stories. [120] The feature is viewed as part of Instagram's goal of attracting users away from Snapchat ...
At Snapchat, Murphy has led the engineering and research teams. [12] Murphy has also worked with Snapchat's Snap Labs team, which produced Spectacles camera glasses in 2018. [13] [14] At the time of Snapchat's IPO in 2017, Murphy and Spiegel held over 45% of the company's total stock. They also held over 70% of the voting power.
Adweek noted that it chose Khan due to his work growing Snapchat including opening new offices for Snapchat; making several executive hires; and launching Snapchat Partners. [13] In March 2017, Snap Inc. went public, [14] with the company reaching a market cap high of $34 billion within two days of its IPO. [15] Proem Asset Management LP
Users could register accounts from numbers other than their own, giving users the ability to impersonate anyone they chose. [169] Snapchat had to release a public statement of apology to alert users of the misconducts and change their purpose to be a "fast and fun way to communicate with photos". [173]
Snapchat is now letting everyone on its platform share the number of subscribers to their accounts — a move designed to support creators who rely on building large followings to build their ...