Connect with us

Hi, what are you looking for?

Jewish Business News

Business

Snapchat’s Spiegel to Investors: We Have 8 Billion Video Views a Day

Evan Spiegel Snapchat

Snapchat’s Evan Spiegel has a message for investors: the app is growing quickly, and young people love it.

People using the application for disappearing photos view 8 billion videos a day, the same number that Facebook reports, the CEO told an audience at the Morgan Stanley technology conference on Monday, according to people who saw the presentation.

Video views are up more than five times from a year earlier, Spiegel told the gathering of bankers and investors, according to the people, who asked not to be identified because the information is private. Snapchat’s app has more than 100 million daily users who spend an average of 25 to 30 minutes on the app each day, Spiegel told the audience.

It was his first keynote presentation in front of public-market investors. Spiegel, whose company last raised funds at a $16 billion valuation, is making sure bankers understand Snapchat’s growth trajectory as it builds out an advertising business before an eventual initial public offering.

Read the full story at Bloomberg 

 

Newsletter



Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.