Snapchat net worth

Spiegel was the youngest billionaire in the world in

Its unique selling point was that photos and videos sent to friends would only be viewable for a set duration of 1 to 10 seconds, although Snapchat has removed these limitations. A number of additional features have also been added, the first of which was Stories. This allowed users to post photos and videos to a feed for 24 hours. When an image is saved or uploaded to Stories, the user is reminded of the event a year later. Part of the reason for adding new features was to find ways of generating revenue.

Snapchat net worth

Additional Information. Skip to main content. In the fourth quarter of , Snap's net loss stood at million U. In the fourth quarter of , Snap Inc reported a record worldwide revenue of 1. Loading statistic Show source. Download for free. Show detailed source information? Register for free Already a member? Log in.

Accessed: March 07,

Additional Information. The company was originally named Snapchat Inc. Skip to main content. Snap Inc generated a global annual net loss of 1. Additionally, in , the camera and social media company incurred losses of over 3. Snapchat generated an annual revenue of 2. Loading statistic

CEO Evan Spiegel cites "significant headwinds" for company; app's daily active users increase to million. By Todd Spangler. NY Digital Editor. The results translated into adjusted earnings per share of 14 cents. Through Jan. Last year, Snap wound down several initiatives, including ending its funding of nearly all Snapchat original series. Amid the weak financial results, the company touted as a bright spot that overall time spent watching content globally in Q4 grew on a year-over-year basis, with total time spent watching user-generated Spotlight content more than doubling year-over-year. In addition, Snap said that 17 content partners reached over 50 million global viewers each in Q4 Snap has scheduled an Investor Day on Feb.

Snapchat net worth

Snap Inc. The company developed and maintains technological products and services, namely Snapchat , Spectacles , and Bitmoji. The company was named Snapchat Inc. The company was founded on September 16, , by Evan Spiegel and Bobby Murphy upon the relaunch of the photo sharing app Picaboo as Snapchat. On December 31, , the application was hacked and 4. In May , the company acquired the software company AddLive to provide needed technology to create a new video chat feature. Federal Trade Commission FTC charges over its having misled users regarding its collection of their address book data and transmission of their locations without notice or consent , and regarding its claim that user messages disappeared after their expiration rather than remaining accessible, as they had. In May , the company moved from its original headquarters to a 47, ft 2 4, m 2 office complex near Venice Beach and signed a year lease. In September , Snapchat acquired Looksery to develop Lenses for its mobile app, a feature based on Looksery's facial recognition software.

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Archived from the original on August 14, Spiegel instead described Brown as an unpaid intern who had been providing valuable experience, and although Murphy claimed that he had not fully understood what Brown's role was supposed to have been, he too characterized Brown's involvement as having been that of an internship. In other projects. Retrieved 21 December — via AOL. Archived from the original on September 8, Spiegel and Melissa Ann Thomas. To access this feature you need a Statista Account. Murphy and Spiegel are hardly the only corporate leaders to see their net worth nose-dive in the past year. Retrieved February 20, Traded as. Other statistics that may interest you Snapchat Overview 4. Retrieved 1 March

Snapchat: usage penetration in selected countries and territories Social media platforms used by marketers worldwide Snapchat: distribution of global audiences , by age and gender.

Retrieved September 3, Show detailed source information? Over million Snapchat users are from outside the US and Europe. Retrieved December 16, We acknowledge Reggie's contribution to the creation of Snapchat and appreciate his work in getting the application off the ground. Retrieved November 14, It has also shut down its Web3 team in the past month, along with several projects including a social mapping app; an app that would have allowed people to write songs collaboratively; and a drone selfie camera. Retrieved 21 December The Chronicle of Philanthropy. The ideal entry-level account for individual users. In other projects. Business Wire.