Thursday, November 14, 2013

10 things you need to know about Snapchat

Sexting, lawsuits, multi-billion dollar valuations – a warts-and-all primer on the planet's hottest social app

What is Snapchat? It's the social app that's currently seeing more than 350m photos shared every day. The startup with no revenues that's received nearly $94m of funding so far, and is reportedly valued at $3.5bn.

1. Snapchat wasn't its founders' first product

2. Snapchat has grown like the clappers

3. Investors love it as much as teenagers do

4. Snapchat is being sued by one of its co-founders

5. Snapchat controversies include sexting, bullying and privacy

6. Actually, sexting isn't Snapchat's appeal for teenagers

7. Snapchat has fended off Facebook already

8. Snapchat is evolving ...

9. ... including figuring out how to make money

10. The competition is gathering