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Snapchat

Snapchat

Snapchat, a product of Snap Inc., is a free image messaging application and augmented reality platform.

OverviewStructured DataIssuesContributors

Contents

snapchat.com
Is a
Company
Company
Product
Product
Organization
Organization

Company attributes

Industry
Technology
Technology
Chat (industry)
Chat (industry)
Streaming media
Streaming media
Social media
Social media
Digital media
Digital media
Augmented reality
Augmented reality
Video production
Video production
Synthetic Media
Synthetic Media
...
Location
Santa Monica, California
Santa Monica, California
B2X
B2B
B2B
0
B2B2C
B2B2C
CEO
Evan Spiegel
Evan Spiegel
Founder
Reggie Brown (entrepreneur)
Reggie Brown (entrepreneur)
Evan Spiegel
Evan Spiegel
Bobby Murphy (businessman)
Bobby Murphy (businessman)
Pitchbook URL
pitchbook.com/profiles.../55765-18
Parent Organization
Snap Inc.
Snap Inc.
Number of Employees (Ranges)
1,001 – 5,0000
Full Address
2772 Donald Douglas Loop North Venice Santa Monica, CA 90405 United States
Investors
Glade Brook Capital Partners
Glade Brook Capital Partners
0
Alto Partners Multi-Family Office
Alto Partners Multi-Family Office
ADM Ventures
ADM Ventures
0
Smile Group (company)
Smile Group (company)
0
Benchmark (venture capital)
Benchmark (venture capital)
DUNS Number
007805067
Founded Date
2011
0
Total Funding Amount (USD)
73,500,000
Latest Funding Round Date
May 2016
Competitors
Discord
Discord
WeChat
WeChat
Mastodon (software)
Mastodon (software)
0
Omlet Arcade
Omlet Arcade
TikTok
TikTok
Reddit
Reddit
0
Zenly
Zenly
Pinterest
Pinterest
...
Business Model
Advertising
Stock Symbol
SNAP
Glassdoor ID
671946
CTO
‌
Robert Murphy
0
CFO
‌
Derek Andersen
0
Also Known As
Picaboo
Snap
Latest Funding Type
‌
Series F
Latest Postmoney Valuation
70,000,000
Patents Assigned (Count)
28
Motto/Tagline
Kind. Smart. Creative.
Country
‌
Morocco, Indiana
United States
United States

Product attributes

Launch Date
September 16, 2011
Product Parent Company
Snap Inc.
Snap Inc.

Other attributes

Blog
blog.snapchat.com
Company Operating Status
Active
Creator
Evan Spiegel
Evan Spiegel
Snap Inc.
Snap Inc.
Bobby Murphy (businessman)
Bobby Murphy (businessman)
Agadir
Agadir
Genre
Social media
Social media
‌
Peer-to-peer video sharing
‌
Image sharing
Latest Funding Round Amount (USD)
60,000,000
Partner Organizations
Electric Daisy Carnival
Electric Daisy Carnival
Platform
iOS
iOS
Android
Android
Published Date
September 16, 2011
Wikidata ID
Q333618
Overview

Snapchat, a product of Snap Inc., is a free image messaging application headquartered in Venice, California. Photos sent through the app are only available for a certain amount of time (decided by the sender) before they disappear. There is also an instant messaging interface, which allows users to send messages, photos, and money. Users can decorate their photos with filters, stickers, and augmented reality objects. Snapchat's Stories platform enables users to share a photo with all of their contacts for twenty-four hours, before it disappears. Snapchat's Discover feature showcases short-form vertical videos from brands such as The Daily Mail, Mashable, and Cosmopolitan.

Snapchat had approximately 265 million daily active users, as of December 2020. Snap generates nearly all of its revenue from advertising, with 88% coming from the US. According to the company's year-end report, over 90% of the US Gen Z population had watched Shows and publisher content on the platform in the fourth quarter of 2020.

History

Snapchat was launched as Picaboo, an app exclusively for iOS, in July 2011 by Evan Spiegel, Reggie Brown, and Bobby Murphy while they were students at Stanford University. It was rebranded as Snapchat in November of that year. In 2012, video snaps were introduced to the platform, and a version of the app was released for Android.

During 2014, Snapchat refused offers of acquisition, including offers from Facebook. In the same year, Snapchat introduced video chat and acquired AddLive and Vergence Labs. In the case of Vergence Labs, the acquisition was for $15 million in cash and stocks. Vergence Labs was the developer of Epiphany Eyewear and a mobile application, Scan. Snapchat also reached an agreement with the FTC following misinterpretations on storage of user data and the accessibility of their "expired" messages.

Analytics and marketing data app Annie announced in December 2019 that Snapchat was the fifth most downloaded mobile app of the 2010s, based on iOS and Android download figures.

On November 23, 2020, Snapchat announced the introduction of Spotlight, a feature that allows users to post public short videos—the company's alternative to TikTok and Instagram Reels. The service did not include advertisements at launch, but is expected to introduce them in the future. Spotlight will not include public comments, in contrast to competing services.

Functions

Snapchat hosts a number of functions for users and brands to share content, including disappearing photos, direct messaging chat, stories that last twenty-four hours, video and audio chat, and more.

Snaps

Photos or videos sent through Snapchat are called "snaps" and are designed to disappear once they have been opened. Snaps can be edited with captions, drawings, and filters, and senders can choose the duration of time they can be viewed before their posts disappear. Users can replay received snaps once, and while it is possible to screenshot snaps using their phone, the sender is notified. Video snaps were introduced on December 14, 2012 and could be recorded for up to ten seconds. On July 18, 2017 the time limit was raised to sixty seconds, with each ten-second interval of the recorded video sent as its own separate snap as opposed to a single seamless recording; this feature was called Multi-Snaps. Snapchat support now refers to this feature as Long Snap, and Multi Snap now refers to a new feature that allows users to take multiple pictures and videos in the same "session" and review and edit them individually.

Audio and video calls

Snapchat introduced video calls on May 1, 2014. The video call feature was first only able to be initiated when both users were in the chat window. Calls were made by holding down the blue video button for a few seconds, at which point the caller's video would automatically fill the chat screen on both users' screens. Users receiving the call could either opt into the call with video or just listen to the caller. Originally to keep the call active, the user was required to press and hold their finger on the screen; letting up on the screen ended the call. The front and rear facing cameras were able to be switched between during calls by swiping up and down on the screen, all while still holding a finger on the screen.

Snapchat's Chat 2.0 app update on March 29, 2016 removed the need to continuously hold the screen to keep the call going. The video function can now be turned on and off by tapping the green camera button, and the front and rear cameras can be swapped by either pressing the camera swap icon or double tapping the screen. Additionally, the app update allowed users to send messages, pictures, and stickers while video chatting. The update also introduced audio calls, and enabled users to call friends even without that user being active on the chat screen.

On April 3, 2018, Snapchat enabled group calling. Video calls can be made with up to fifteen friends for a total of sixteen users, and audio calls can be made with up to thirty-one friends for a total of thirty-two users.

Chat

The text chat feature enables users to send direct messages to friends within the app. Snapchat first introduced this feature on May 1, 2014. By default, the messages are ephemeral and self-destructing, and are erased after the user exits the chat page. Messages can easily be saved, however, by tapping the message in the chat, which then highlights the message in light gray. Messages from both the sender and recipient user can be saved. Stickers and photos from users' camera rolls were able to be sent in text chats after app updates in 2016.

Stories

Stories are posts that last for twenty-four hours and can be published to a user's profile, restricted lists of friends, or public location-based galleries. Stories were introduced in October 2013, and by June 2014 surpassed direct snaps in views to become the most frequently used function of the app. The Stories function surpassed one billion views per day in 2014. Snapchat incorporated a Live Stories feature that allows users to share photos and videos for public viewing.

Snapchat's Official Stories section was added in November 2015, allowing users to follow public figures and influencers. The application later added a Discover section that contains ad-supported content from publishers and advertisers, charging over $50,000 per ad per day, and has become the largest revenue-producer for Snapchat.

Lens

The Snapchat Lens feature was introduced in September 2015, giving users the ability to use real-time effects that utilize face detection technology. The feature expanded in April 2017 with World Lens, adding the ability for users to put 3D rendered objects or characters into their videos and photos using augmented reality technology.

The company released its Lens Studio in December 2017, a design studio used to create augmented reality (AR) lenses for the application. The studio gives individual users and advertisers the ability to create filters and lenses using two-and three-dimensional designs. While individuals are limited to World Lens filters, advertisers are allowed to create face filters and purchase ad slots to publish them on Snapchat.

The Information reported early 2021 that Snapchat is considering incorporating Snapchat Lens into their newest generation of Spectacles—smart-glasses capable of taking and sending snaps. The report states that Snap Inc. is developing the newest Spectacles to fully incorporate AR Lens technology, offering consumers a new way to use and publish Snapchat's lens filters and interact with augmented reality.

Snap Map
Image of Snap Map

Image of Snap Map

Snap Map is a geolocation feature released by Snapchat in June 2017. Snap Map is a separate section of the app that allows users to share their location and publish area-based stories, using Bitmojis as location markers. The feature was developed using intellectual property Snapchat acquired after purchasing social media map app Zenly. Map data for Snap Map is provided by OpenStreetMap and Mapbox, with DigitalGlobe providing satellite imagery.

Timeline

No Timeline data yet.

Funding Rounds

Products

Acquisitions

SBIR/STTR Awards

Patents

Further Resources

Title
Author
Link
Type
Date

How does Snapchat work and what's the point?

Maggie Tillman

https://www.pocket-lint.com/apps/news/snapchat/131313-what-is-snapchat-how-does-it-work-and-what-is-it-used-for

Web

April 6, 2020

How to Use Snapchat: A Guide for Beginners

Christina Newberry

https://blog.hootsuite.com/how-to-use-snapchat-beginners-guide/

Web

January 10, 2018

Snapchat is developing its own take on TikTok Duets with a new 'Remix' feature

Sarah Perez

https://techcrunch.com/2021/03/25/snapchat-is-developing-its-own-take-on-tiktok-duets-with-a-new-remix-feature/

Web

March 25, 2021

References

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