![]() In August 2017, Business Insider reported that Google discussed an offer to buy the company for $30 billion in early 2016. The Zenly app will remain functional, but its concepts were incorporated into a Snapchat feature added in June 2017. In late May 2017, the company acquired the location sharing app Zenly in a cash and stock deal. In early March 2017, the company went public under the trading symbol SNAP, and raised almost $30 billion in market capitalization on the first day of trading. In early February 2017, the company confirmed their plans for an IPO in 2017 and its expectation to raise $3 billion. In January 2017, the company announced that it had established an international headquarters in Soho, London. A partnership issued in December 2016 with Turner Broadcasting System will allow integration of Turner properties on Snapchat, while cooperating with Snap Inc. In December 2016, the company opened research and development in Shenzhen and acquired advertising and technology company Flite and Israel-based augmented reality startup Cimagine Media for $30–40 million. In November 2016, the company filed documents for an initial public offering (IPO) with an estimated market value of $25–35 billion. In September 2016, the company officially named itself Snap Inc., and unveiled smartglasses known as Spectacles. The Vurb card-based engine removed the need to switch through multiple other applications on the device to perform a task. Vurb formerly developed the eponymous mobile search engine. In March, July, and August 2016, the company acquired Bitstrips for $100 million, Obvious Engineering, the developers of Seene, for an undisclosed amount and Vurb for $100 million. In September 2015, Snapchat acquired Looksery to develop Lenses for its mobile app, a feature based on Looksery's facial recognition software. They were one of the first prominent social media companies to establish themselves there, alongside others such as Whisper and Tinder, giving Venice the new title of " Silicon Beach." In February 2017, two weeks before the company's IPO, The New York Times published a feature about Snap's role in turning the area into a technology hub, noting that Snap, with a total of 1,900 employees, had "already changed the face of Venice." In May 2015, the company moved from its original headquarters to a 47,000 ft 2 (4,366 m 2) office complex near Venice Beach and signed a 10-year lease. In December, the company acquired Vergence Labs for $15 million in cash and stock, who were the developers of Epiphany Eyewear, and the mobile app Scan for $50 million, which was revealed during the Sony Pictures Entertainment hack. 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). #SNAPCHAT BOOSTING TO ROOT OUT DEALERS SOFTWARE#In May 2014, the company acquired the software company AddLive tp provide needed technology to create a new video chat feature. īy January 2014, the company had refused offers of acquisition, including overtures from Mark Zuckerberg, with Spiegel commenting that "trading that for some short-term gain isn’t very interesting." Her tenure with the company ended in March 2015. Also in December 2013, Emily White, who had been a high-profile executive with Facebook, Instagram, and Google, was hired as COO. On December 31, 2013, the application was hacked and 4.6 million usernames and phone numbers were leaked to the Internet. The company was founded on September 16, 2011, by Evan Spiegel and Bobby Murphy upon the relaunch of the photo sharing app Picaboo as Snapchat. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |