Who owns Snapchat?
SNAPCHAT is one of America's most popular social media websites and has been around since 2011.
As of 2021, the social media app is owned by two men, who are also the founders.
What is Snapchat?
Snapchat is a multimedia instant messaging app and service that allows users to send messages or pictures to others that are usually only available for a short time before they disappear.
The app also features stories which allow users to post pictures or videos for all their followers to see for 24 hours.
As the popularity started to grow, the company introduced discover and lenses, also known as filters, in January 2015.
In November 2021, the social media app made headlines after it reportedly crashed.
Who owns Snapchat?
Snapchat is owned by Evan Spiegel, 31, and Bobby Murphy, 33.
Along with owning the platform, Spiegel is also the acting CEO and owns 13% of the company while Murphy serves as the chief technology officer and owns 15% of the company.
The two entrepreneurs developed the idea alongside Reggie Brown while they were students at Stanford University.
In 2015, Spiegel was the youngest billionaire in the world and has a net worth of $10.2 billion as of 2021, according to Forbes.
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Murphy is also a self-made billionaire and has a net worth of $10.9 billion as of 2021.
While Brown was involved in the creation of the app, he was reportedly forced out of the company in 2013 and later filed a lawsuit against his former business partners which resulted in a $157.5 million settlement.
At this time, it remains unclear what Brown does now.
How much is Snapchat worth?
Snapchat has come a long way since its 2011 debut.
As of January 2024, the company is reportedly valued at approximately $26 billion.
In 2013, Facebook offered to buy Snapchat for $3 billion but Spiegel declined the offer.