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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.
[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]
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.
Snapchat was an acquisition target for Meta, but Spiegel turned down a reported $3 billion acquisition offer in 2013 and remained independent. Yet that didn’t stop Meta from releasing its own ...
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).
Snapchat was an early launch partner when OpenAI opened up access to ChatGPT to third-party businesses, with many more expected to follow. For more CNN news and newsletters create an account at ...
Daily active users of Snapchat increased 9% to 453 million, beating estimates of 450.8 million. The company forecasts first-quarter revenue of $1.33 billion to $1.36 billion, the mid-point of ...
She served as the COO from 2013 until March 2015. In 2014, she oversaw the rollout of Snapchat's first revenue stream, “Brand Story,” ads. A month later, Snapchat debuted a stream of posts from the American Music Awards, sponsored by Samsung. [15] In 2015, Snapchat acquired a $200 million investment from Alibaba Group and White stepped down ...