Snapchat has raised $485.6 million in the latest round of funding. The ephemeral messaging service has secured the funds from a total of 23 investors whose identity is not revealed.
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Snapchat has teamed up with payment service Square to launch a new friend to friend money transfer service. Dubbed as Snapcash, the service will allow Snapchat users to send money with a swipe of a finger.
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In a bid to boost user privacy even further, Snapchat is undertaking a new measure. The ephemeral messaging service will now start issuing warnings to users on such apps and asking them to change their passwords to protect their privacy.
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Yahoo is planning to invest in ephemeral messaging app Snapchat, according to a latest report from The Wall Street Journal. The investment will value Snapchat at $10 billion, said the report.
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Snapchat has added a new feature to its Android and iOS app that special image filters depending on your location. The ‘geofilters’ add a custom sticker to your photo and are unlocked only when you are in a specific place or city.
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Last month reports suggested that Facebook is working on a Snapchat competitor Slingshot. The ephemeral messaging app enables users to send disappearing photo and video messages.Facebook launched Slingshot today on the Apple App store but then took it down after some time.
Continue reading “Facebook accidentally rolls out Slingshot app, takes it down from Apple App Store”
Facebook is planning to take on popular ephemeral messaging app Snapchat by developing its own video and photo messaging app. According to the Financial Times, the social network is calling the app Slingshot that will let user share videos and photos that are self destructing.
Continue reading “Facebook reportedly developing video chat tool Slingshot to compete with Snapchat”
