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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.
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.
According to Snapchat's published statistics, as of May 2015, the app's users were viewing 2 billion videos per day, reaching 6 billion by November. [26] By 2016, Snapchat had hit 10 billion daily video views. [27] In May 2016, Snapchat raised $1.81 billion in equity offering, suggesting strong investor interest in the company. [28]
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Snapchat is a mobile application created by Stanford graduates Evan Spiegel and Bobby Murphy in September 2011. [159] Snapchat's main feature is that the application allows users to send a photo or video, referred to as a "snap", to recipients of choice for up to ten seconds before it disappears. [160]
Snapchat might seem like a good option because the photos disappear, but the option to screenshot creates a problem. Instead, download apps like Signal or WhatsApp , which are good for protecting ...
[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]