Snapchat is currently in talks with investors over a round of funding that could value the company at a mind-blowing $10 billion, according to sources for Bloomberg. That’s a little over half the $19 billion Facebook paid for WhatsApp, but double the $5 billion market cap currently held by BlackBerry.
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Instagram has accidentally leaked that it’s planning to launch a thunder strike against Snapchat with a new “one tap photo messaging” app of its own called Bolt.
A banner announcing the new messaging app was accidentally posted for some users on Android to see last night, but was taken down about 15 minutes after it appeared. The Free link button on the banner directed users to the Google Play Store, but the page was not available.
Today Snapchat introduced Geofilters, which are location-based stickers that can be quickly applied to a snap by swiping once to the left after you take a picture. The feature could finally provide a revenue model for the startup that turned down a $3 billion offer from Facebook.
Facebook’s new Slingshot app takes aim at Snapchat by putting a new spin on photo-messaging. Instead of simply relying on disappearing pictures and videos, Slingshot promotes back-and-forth conversations.
How does it work? You must unlock “slings” you receive before you can look at them. You do this by sending your own sling to the sender. See how the just-released Slingshot app works in today’s quick-look video.
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Snapchat’s pivot from a sleazy app for naughty pics to an actual messaging platform to rival WhatsApp is happening faster than its scandalous photos can disappear and its newest feature is going to make the party even bigger.
Today Snapchat announced its adding a new “Our Story” feature that will allow users who are at the same location to share snaps with each other, or view an event from afar so you can feel like you were totally there with your friends, 10 seconds at a time.
Arnold Schwarzenegger’s love affair with his iPad hasn’t been as well documented as some of his other lusts but Conan the Governor loves his Apple tablet so damn much he takes it everywhere, which makes it the perfect tool for capturing the Austrian Oak’s greatest love – his deteriorating guns.
Here’s Arnold’s iPad selfie from another angle:
Facebook vs. Snapchat: round 2… fight!
After turning down a $3 billion acquisition offer late last year, Facebook is reportedly working on out-Snapchatting Snapchat with a new video messaging app, referred to internally as “Slingshot.”
The service — which lets user send short messages to one another with just a few taps — could be launched as early as this month, although as of yet Facebook has not signed off on it.
There are few companies you can trust with your private data ever since the revelations leaked by Edward Snowden shook the tech world last year, but according to the latest report from the Electronic Frontier Foundation, our iPhone-making friends in Cupertino have gone from being a privacy chump to the people’s champ in just a year.
Protecting user privacy and sensitive information might drive Snapchat’s disappearing messages, but the Federal Trade Commission is keeping its eye on the company just in case!
The FTC has announced that it is settling with Snapchat after an investigation into the company’s privacy practices. The reason? The number of work arounds that allow photos and videos sent via Snapchat to be covertly captured.
“If a company markets privacy and security as key selling points in pitching its service to consumers, it is critical that it keep those promises,” FTC Chairwoman Edith Ramirez says. “Any company that makes misrepresentations to consumers about its privacy and security practices risks FTC action.”
A week full of news has passed and your host Joshua Smith is here to give you a wrap-up on some of the biggest features. Warrants to search cell phones, leaked iPhone cases and the latest Snapchat update are among just some of the featured stories in today’s rundown. Take a look at the video and be sure to return next week for another.
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