Items tagged with Snapchat

A million dollars isn't cool, do you know what's cool? A billion dollars. Or so we were told by Justin Timberlake's portrayal of Sean Parker in the movie The Social Network, a docu-drama about Facebook. Ironically enough, Facebook reportedly offered $1 billion to acquire Snapchat, and then $3 billion after its initial bid was rebuked. It was pretty gutsy of Snapchat to turn down both offers without having any real revenue stream to speak of, along with a $4 billion offer from Google, though the lack of revenue is about to change with the introduction of ads. Beginning this weekend, Snapchat will... Read more...
Microsoft may have just figured out how to make short video messaging appealing to adults – and it might make headway with the teenage segment, too. Microsoft-owned Skype challenged the likes of Snapchat yesterday by releasing Skype Qik for Android, iOS, and Windows Phone. Like Snapchat, the app lets you record short videos and send them to your friends, but Skype Qik has some features that make it a different experience. Short video messages are huge with teenagers and millennials, but they’re gaining traction with all kinds of smartphone users because they make it so easy to carry... Read more...
There is some bad news for Snapchat users. About 13GB of private Snapchat photos and videos, which are supposed to be deleted after a certain amount of time, are being circulated through 4Chan. The affair has been dubbed The Snappening by 4Chan users and has prompted Snapchat to release a statement saying that it is not responsible for the leak. "We can confirm that Snapchat’s servers were never breached and were not the source of these leaks," a Snapchat representative said in a statement. "Snapchatters were victimized by their use of third-party apps to send and receive Snaps, a practice... Read more...
It's only a matter of time before the memes start rolling that read, "Brace yourself, ads are coming to Snapchat." It's an inevitability now that Snapchat CEO Evan Spiegel let the cat out of the bag regarding plans to finally generate revenue -- while speaking last night at a Vanity Fair event in San Francisco, he gave the heads up that ads are headed to the popular messaging service. "People are going to see the first ads on Snapchat soon," Spiegel said. "We think they're pretty cool." Evan Spiegel, CEO of Snapchat The question is whether or not Snapchat's users will find them cool or obtrusive.... Read more...
We imagine there's an inspirational poster hanging in Snapchat's offices that reads, "Fortune favors the bold." Certainly Snapchat's founders have been bold in reportedly turning down two seemingly obscene acquisition offers, the first for $1 billion and the second for $3 billion, both from Facebook. Rejecting such high priced bids couldn't have come easy, but in hindsight, Snapchat's gamble may have paid off with the service now valued at $10 billion. Yes, $10 billion, as hard as that is to fathom. According to a report in The Wall Street Journal, that valuation comes by way of a recent investment... Read more...
It's no guarantee that today's fads won't fizzle out tomorrow, especially in the rapidly evolving mobile space. That being the case, Snapchat took a monumental gamble by turning down two lucrative buyout offers by Facebook, one for $1 billion and a second one for $3 billion. Time will tell if those were wise decisions, but in the meantime, Snapchat's development team continues to find ways to keep its users engaged, most recently by adding geofilters. "We’ve had a lot of fun drawing up new filters for special locations in Los Angeles and New York. Swipe right on the preview screen to check... Read more...
Apparently fed up with being rejected by Snapchat, Facebook for the past several months has reportedly been working on a video sharing and chatting application of its own. It's called Slingshot, and like Snapchat, it allows users to send short video messages to recipients with just a few taps. However, it's not yet clear if Facebook will release the app. Citing "people familiar with its plans," Financial Times says Slingshot boasts a simple and responsive user interface, and if launched, it would stand on its own two feet separate from Facebook Messenger -- this would fall in line with Mark Zuckerberg's... Read more...
Watch out all you instant messaging applications, Snapchat just learned how to send texts in traditional form. What started off as a disappearing photo and video sharing service is now becoming a full-fledged communication platform that combines fun and functionality. Suddenly it starts to make sense why Snapchat rejected two separate (and obscenely priced) offers from Facebook -- one for $1 billion and a followup offer for $3 billion -- which itself went on to acquired WhatsApp. The WhatsApp acquisition is working out well for Facebook so far, but as Snapchat grows, team Zuckerberg may regret... Read more...
There was a moment there when the Snapchat guys were feeling pretty hot. Their mobile app was exploding in popularity, and Facebook practically begged to buy the service for a cool, but the company rejected the $1 billion offer--and then the $3 billion offer Facebook made thereafter. You could call it chutzpah or hubris, but hey, Mark Zuckerberg turned down insanely lucrative offers for Facebook when he was just a pup, and he went on to build an empire. So there’s some precedent there, but Snapchat probably wasn’t counting on the wildcard problem of being repeatedly hacked to smithereens,... Read more...
After SnapChat got hacked, exposing millions of usernames and phone numbers, the company said that it was taking steps to fix the problem, but it did not apologize, which rubbed a lot of folks the wrong way. In its latest blog post, though, the company finally issued a mea culpa. “We are sorry for any problems this issue may have caused you and we really appreciate your patience and support,” reads the end of the post. The note concludes with the affectionate “Love, Team Snapchat” closing, too. SnapChat said that it updated its iOS and Android apps this morning with the... Read more...
Earlier this week, news broke that a security exploit in Snapchat allowed hackers to claim some 4.6 million usernames and phone numbers from the service. The group responsible for the hack posted the list, with some information redacted, for all to see. Snapchat described the issue in a blog post, noting that it was the Find Friends feature that was at fault. The tool lets users check their friends’ phone numbers against the Snapchat database to see if they’re available on the site. It’s just a way for people to find each other on Snapchat, but as Snapchat described it, “Theoretically,... Read more...
Snapchat has become a sort of cultural phenomenon in the online community, one that has skyrocketed in popularity, especially among teens and young adults. Facebook is among those who believe Snapchat is more than just a passing fad, hence why the world's largest social network reportedly tried to acquire the picture and video sharing service for more than $3 billion, an offer that was rebuffed by Snapchat. No matter how you look at it, turning down a buyout offer in the neighborhood of $3 billion is risky business. That's not to say Snapchat isn't worth more, or couldn't be worth more in the long... Read more...
Snapchat is learning the hard way that success comes at a price. While the photo- and video-sharing service explodes with users and rejects mind-boggling buyout offers from the likes of Facebook, it has also attracted unwanted attention from security pros and hackers. Days ago, Gibson Security wrote a post about a security flaw in Snapchat that would allow a hacker to dig up users’ phone numbers. And now someone has done just that. In fact, that someone nabbed not just phone numbers, but usernames--some 4.6 million in total--and posted them (with the final two digits omitted for a shred of... Read more...
Security researchers at Gibson Security handed Snapchat what amounts to a lump of a coal on Christmas morning by exposing a security flaw that, when exploited, would grant hackers access to users' phone numbers without their permission. It's essentially a how-to guide for hackers with detailed instructions, and the reason Gibson Security made the information public is because the company claims Snapchat has known about the flaw for several months and has done nothing about it. Gibson Security says it first made Snapchat aware of the issue in August, nothing that none of the exploits revealed have... Read more...
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