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Snapchat was created by Evan Spiegel, Bobby Murphy, and Reggie Brown, [6] former students at Stanford University. It is known for representing a mobile-first direction for social media, and places significant emphasis on users interacting with virtual stickers and augmented reality objects. In 2023, Snapchat had over 300 million monthly active ...
The company was named Snapchat Inc. at its inception, but it was rebranded Snap Inc. on September 24, 2016, in order to include the Spectacles product under the company name. [12] Snap is co-owned by Tencent (which holds a 45.43% stake) and NBCUniversal , a division of Comcast (whose stake is undisclosed).
The share price rises to a little over $24 by the end of the day, corresponding to a market cap of $33 billion. [132] The price rises by another 10% on Friday, March 3, but as of March 3, Snap Inc. still has no buy ratings from analysts. [10] [133] 2017 June 21 Product Snapchat launches location sharing with a new feature called Snap Map.
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