Snapchat Dances on Money to Unveil New Payment Feature

Kevin Montgomery · 11/17/14 04:20PM

Snapchat, an unprofitable company "worth" $10 billion, just unveiled a new feature called "Snapcash." It allows teen users send each other money, just like Venmo already does. Snapchat celebrated the feature by dressing actors up in suits with dollar signs and having them dance on showers of cash.

Teens Are Literally Crawling on the Floor For the New Snapchat

Nitasha Tiku · 05/02/14 10:15AM

The level of interest app-makers can command for adding new features is usually limited to a dutiful parroting of the press release on tech blogs. Maybe a mass privacy freakout, if you're lucky. (Sucks, but at least you know they care!) The bros at Snapchat, however, have lived a pretty blessed life.

Forbes: Snapchat CEO Lied to Us To Look Cool

Sam Biddle · 01/06/14 06:57PM

In a recent interview with Forbes as part of their "30 Under 30" bonanza, the mag sat down and talked Facebook diplomacy with Evan Spiegel, the young, sorta-sociopathic chief executive of Snapchat. He tried to look cocky-confident, but with the truth out, he just looks like a cock.

Snapchat CEO Won't Say Sorry for Hack

Sam Biddle · 01/03/14 04:40PM

The $3 billion boy, Evan Spiegel, had a very good New Year's Eve. He allegedly partied at a lavish L.A. company fete with Taylor Swift and coworkers, looking back on a meteoric 2013. His millions of users, however, had their phone numbers stolen—and so far, he doesn't think he owes anyone an apology.

Snapchat's Disappearing Valuation: Filing Says It's Worth $2 Billion

Nitasha Tiku · 12/05/13 04:50PM

According to a Business Insider report, a new regulatory filing unearthed by VCExperts, which measures data on private companies, shows that Snapchat will only raise $54 million, a steep drop from the rumored $200 million round. But the biggest nosedive is the ephemeral trendsetter's valuation. The filing says investors value Snapchat at $2 billion—not the $3 billion, or $3.5 billion, or $4 billion previously reported.