Below we have highlighted some of Snap’s most notable acquisitions. Snap's constant innovation wouldn't be possible without the companies it acquired overtime which helped it to launch new features in the areas of augmented reality, e-commerce, communication and more. Evan Spiegel was born in the ritzy Southern California city of Pacific Palisades. In 2016, Spiegel renamed the organization Snap and rebranded as a “ camera company.” Snap went public in March 2017 at a valuation of $33 billion. Later, Google also tried to purchase the company for $4 billion. Evan Spiegel Praises Miranda Kerr and Orlando Blooms Coparenting Skills Royal Baby Archies Birth Certificate Reveals Where Duchess Meghan Gave Birth. Snapchat's rapid growth caught the attention of Facebook’s Mark Zuckerberg, who attempted to acquire the company for $3 billion. The organization relocated to Venice, California and by 2013 it had a valuation of $800 million. At age 25, Evan Spiegel - the co-founder and CEO of Snapchat - is the worlds youngest billionaire. Join Facebook to connect with Evan Spiegel and others you may know. By 2012 Snapchat had already scaled rapidly, prompting Spiegel to drop out of Stanford credits shy of graduating to take over the business full time. View the profiles of people named Evan Spiegel. Later that same year, the app’s name changed to Snapchat. It would be a mobile app, he explained, where friends could share photos that. In 2011 the social media company widely known for its disappearing photos and videos launched under the name Picaboo. In April 2011 Evan Spiegel stood up in a Stanford product design class to present an idea for his final project. Snap is the umbrella company under which all of Spiegel’s acquired organizations sit.
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