The Perfect Mixture Of Video And Text: Welcome Snapchat

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The next hot new app is is here and its called Snapchat. Snapchat rose to popularity because of its seamless interface which allows you to use an effortless mixture of video and text within the application. This app commands 30 million users and shares 700 million photos per day, according to Digiday.com; take that Instagram! who only shares a smaller amount of 55 million photos per day. “Snapchat-nation” is comprised of a majority teen and young adult (18-24 ages) demographic which makes up 80% of the Snapchat users (According to Digiday.com). The “selfie” -sensation has helped  booster Snapchat as the next big giant. From taking countless  selfies to sharing inside jokes among friends snapchat is the premier destination  for sharing online content.

 

Everyone wants a piece of Snapchat, Google and Facebook included. They all want a share of the Snapchat pie. According to Wall Street Journal, Facebook offered 3 billion and Google offered 4 billion to acquire the new pop phenomenon. However, the young CEO Even Spiegel declined the offers. His decision was wisely decided because according to Forbes, Snapchat is evaluated at a price of 10 billion, yes 10 Billion.

 

Some of the hottest features in Snapchat includes the storyline feature which share videos and pictures among friends for an extended amount of time. However, the prime feature of Snapchat is the 10 second self-destruct pics. This feature allow pictures to be shared but will disappear forever after 10 seconds.

 

 

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Ricardo Taylor

Finance Contributor at Hutchbydesign
Ricardo Taylor is a Professional Day Trader. He conducts various trades with the US financial instruments (ETFs Index, etc). For over 3 years, he as conducted analysis on the financial market . He have also received is BA in Economics at Hofstra University.
Ricardo Taylor is a Professional Day Trader. He conducts various trades with the US financial instruments (ETFs Index, etc). For over 3 years, he as conducted analysis on the financial market . He have also received is BA in Economics at Hofstra University.

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