Snapchat Co-Founders Spiegel and Murphy Lost Over $1 Billion Each
CEO Evan Spiegel and Bobby Murphy Snap Inc. co-founders lost more than $1 billion each after Shares fell 25 percent to a low of $17.12 Wednesday, Bloomberg reports. Snap Inc. reported earnings for first-quarter More...
Snap Inc. Committed to Spend $1 Billion on Web Services With Amazon
Snap Founder and CEO Evan Spiegel Snap Inc. has a deal to pay Amazon.com Inc. at least $1 billion for internet services over the next five years, adding to a $2 billion agreement it already has with Google. One More...
Snapchat buying Israeli augmented reality start-up Cimagine, report
Image messaging and multimedia mobile application Snapchat is buying Israeli augmented reality startup Cimagine Media for an estimated $30-$40 million, Israeli Calcalist reported on Sunday. This is More...
Forbes Names Mark Zuckerberg World’s Richest Jew, Larry Ellison Second
The Forbes’ 2016 list of the 400 richest people in America, “The Forbes 400” , has a record-breaking, combined total net worth of $2.4 trillion, up from $2.34 trillion in 2015. The average net More...
Snapchat to Start Showing Ads From Verizon, Warner in ‘Stories’
For the first time Snapchat has released an advertising API for its platform, called Snapchat Partners. The new Snap Ad format allows advertisers via third party collaborators, to show a 10-second video More...
Snapchat’s Spiegel to Investors: We Have 8 Billion Video Views a Day
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 More...
Could Snapchat be the future of sports?
As we steam ahead with networks experimenting with apps like Snapchat and Instagram to distribute their content, we note that some sports executives are bullish on the technology. For instance, Casey Wasserman, More...
Viacom, Snapchat Strike Exclusive Multi year Advertising Deal: Report
As Viacom CEO Philippe Dauman announces the company’s quarterly results Tuesday, he is also expected to unveil an advertising deal with messaging app Snapchat, the Wall Street Journal reported, More...
Young and filthy rich: 6 out of Top 10 billionaires under 35 are Jewish
These one-percenters really made the most of their youth. A roll call of billionaires under 35 complied by Wealth-X is dominated by male “technopreneurs” and features more than one college dropout. $41.6 More...
5 Facts About Evan Spiegel, Snapchat’s Often Controversial Co-Founder
At age 25, Evan Spiegel — the co-founder and CEO of Snapchat — is the world’s youngest billionaire. He’s also a divisive figure. Spiegel, whose leaked college emails revealed More...