If you’re curious about who owns Snapchat, you’re not alone.

The social media platform has become incredibly popular in recent years, with millions of users sharing photos and videos with friends and followers around the world.

So, who actually owns this app?

Snapchat is owned by a company called Snap Inc.

This company was founded in 2011 by Evan Spiegel, Bobby Murphy, and Reggie Brown, and it’s based in Santa Monica, California.

Since its creation, Snapchat has become one of the most popular social media platforms in the world, with millions of users sharing photos and videos every day.

Evan Spiegel is currently the CEO of Snap Inc., and he also owns a significant portion of the company.

Bobby Murphy serves as the chief technology officer and also owns a significant stake in the company.

While the ownership of Snapchat has changed hands over the years, it’s clear that Spiegel and Murphy are the driving forces behind the app’s continued success.

Who Owns Snapchat

If you’re curious about who owns Snapchat, you’ve come to the right place.

Snapchat is owned by Snap Inc., a camera and social media company founded in 2011 by Evan Spiegel, Bobby Murphy, and Reggie Brown.

Here’s what you need to know about the ownership of Snapchat.

Evan Spiegel

Evan Spiegel is one of the co-founders of Snapchat and currently serves as the CEO of Snap Inc.

He was born in 1990 in California and attended Stanford University, where he met Bobby Murphy, his future co-founder.

Spiegel dropped out of college shortly before completing his degree to focus on building Snapchat.

As of 2023, Spiegel owns approximately 13% of Snap Inc.

Bobby Murphy

Bobby Murphy is another co-founder of Snapchat and currently serves as the Chief Technology Officer of Snap Inc.

He was born in 1988 in California and attended Stanford University, where he met Evan Spiegel.

Murphy graduated from Stanford with a degree in mathematical and computational science.

As of 2023, Murphy owns approximately 15% of Snap Inc.

Reggie Brown

Reggie Brown is a co-founder of Snapchat but was later ousted from the company.

Brown was also a fraternity brother of Evan Spiegel and Bobby Murphy at Stanford University.

Brown came up with the idea for Snapchat and was responsible for its original concept.

However, he was forced out of the company before it became successful and did not receive any ownership stake in Snap Inc.

Snap Inc.

Snap Inc. is an American camera and social media company that was founded in 2011 by Evan Spiegel, Bobby Murphy, and Reggie Brown.

The company is based in Santa Monica, California, and is responsible for developing and maintaining technological products and services.

Here are some of the products and services that Snap Inc. offers:

Snapchat App

Snapchat App

Snapchat is the most well-known product that Snap Inc. offers.

It is a social media app that allows users to send disappearing photos and videos to friends and family.

As of 2023, Snapchat has around 293 million daily active users.

The app also offers various features such as filters, lenses, and Snap Map, which allows users to see where their friends are located.

Other Products and Services

In addition to the Snapchat app, Snap Inc. also offers other products and services such as Spectacles and Bitmoji.

Spectacles are sunglasses that have a built-in camera that allows users to take photos and videos from their perspective.

They were first released in 2016 and have since undergone several updates.

Spectacles are available in various colors and styles and can be purchased on the Snap Inc. website.

Bitmoji is a personal emoji app that allows users to create an avatar of themselves.

The app offers various customization options, including hairstyles, clothing, and accessories.

Users can then use their Bitmoji in various messaging apps and social media platforms.

Snap Inc. is also responsible for developing and maintaining other technological products and services, such as Snap Map and My AI Chatbot.

Snap Map allows users to see where their friends are located on a map, while My AI Chatbot is a chatbot that uses artificial intelligence to converse with users.

Ownership and Control

Snap Inc. is the parent company of Snapchat, and it was founded in 2011 by Evan Spiegel, Bobby Murphy, and Reggie Brown.

As of 2023, Evan Spiegel is the CEO of Snap Inc. and owns approximately 4% of the company’s voting shares.

In this section, we’ll take a closer look at who owns Snap Inc. and how the company is controlled.

Voting Rights

Snap Inc. has two classes of common stock: Class A and Class B.

Class A shares are held by the public and have no voting rights, while Class B shares are held by insiders and have 10 votes per share.

As of 2023, Evan Spiegel and Bobby Murphy collectively own approximately 90% of the voting power of Snap Inc. through their ownership of Class C shares.

Class C shares do not have any economic rights but have 1 vote per share.

Public Stockholders

Snap Inc. went public in March 2017, and its shares are listed on the New York Stock Exchange (NYSE) under the ticker symbol SNAP.

As of 2023, Snap Inc. has approximately 1.5 billion outstanding shares of common stock.

The vast majority of these shares are Class A shares, which are held by public stockholders and do not have any voting rights.

Snap Inc. has a dual-class structure, which means that insiders like Evan Spiegel and Bobby Murphy have significantly more voting power than public stockholders.

This structure allows insiders to maintain control over the company even if they own a relatively small percentage of the economic value of the company.

Snapchat’s Journey

Snapchat’s journey began in 2011 when Evan Spiegel, Bobby Murphy, and Reggie Brown founded Picaboo, an app that allowed users to send photos that disappeared after a set amount of time.

After a few months, they renamed it Snapchat and launched it in September 2011.

From Picaboo to Snapchat

Picaboo was initially a flop, but the founders didn’t give up.

They rebranded it as Snapchat and focused on making it more user-friendly and fun.

The idea of disappearing photos was a hit, and the app quickly gained popularity among young people.

Snapchat’s unique features, such as filters and lenses, helped it stand out from other social media apps.

The app’s success also led to the creation of other products, such as Spectacles, which were smart glasses designed to capture photos and videos for Snapchat.

Snapchat’s Success

Snapchat’s success continued to grow, and in 2017, the company went public with an IPO.

The IPO valued the company at $24 billion, making it one of the largest tech IPOs in history.

However, Snapchat faced some setbacks, such as a decline in user growth and a controversial redesign in 2018.

The redesign was met with backlash from users, and the company had to make changes to address their concerns.

Snapchat also faced legal issues, such as a settlement with the Federal Trade Commission over allegations that it deceived users about the privacy of their data.

The settlement required Snapchat to implement a privacy program and submit to independent privacy audits for the next 20 years.

Despite these challenges, Snapchat remains a popular social media app, with an estimated 293 million daily active users as of 2021.

Its success can be attributed to its innovative features, user-friendly interface, and ability to appeal to younger generations.

Snapchat Features

Snapchat Features

Snapchat is a social media app that offers a unique set of features that distinguish it from other platforms. Here are some of the key features of Snapchat:

Filters and Lenses

One of the most popular features of Snapchat is its filters and lenses.

Filters are overlays that can be applied to your photos or videos to add special effects or change the appearance of your images.

Lenses, on the other hand, use augmented reality to add 3D animations to your face or the world around you.

These features are constantly updated and changed, so there’s always something new to try.

Stories

Snapchat’s Stories feature allows you to share your snaps with all of your friends for 24 hours.

You can add multiple snaps to a Story and even customize who can view it.

Stories are a great way to share your day-to-day life with your friends and keep up with theirs.

Discover

Snapchat’s Discover feature is a hub for curated content from publishers and brands.

Discover offers a variety of content, including news, entertainment, and lifestyle articles.

Discover content is updated daily, so there’s always something new to read and watch.

User Base and Revenue

Daily Active Users

Snapchat has over 375 million daily active users as of 2022, with 28% based in the United States.

The app’s user base has been steadily growing since its launch in 2011, and it is currently experiencing significant growth.

In Q4 of 2022, Snapchat added 13 million daily active users, which is the fastest growth rate it has seen since 2017.

Advertising Revenue

Snapchat’s revenue is primarily generated through advertising.

In 2022, the app generated $4.6 billion in revenue, which is a 12% increase year-on-year.

However, Snapchat has not yet recorded an annual profit, and it made a net loss of $1.4 billion in 2022.

Snapchat offers various advertising options, including sponsored lenses, filters, and ads that appear between stories.

The company has been continuously working to improve its advertising platform and has seen success with its self-serve advertising tool, which allows businesses of all sizes to create and manage their ad campaigns.

Competitors and Comparisons

Snapchat Vs Instagram

Snapchat Vs Instagram

When it comes to social media, Instagram is one of the biggest competitors of Snapchat.

Instagram has over 1.2 billion active users, which is more than Snapchat’s 280 million.

However, Snapchat has a younger audience, with 53% of its users under the age of 34, compared to Instagram’s 37%.

One of the main differences between the two platforms is the type of content that is shared.

Instagram is more focused on curated, edited, and polished photos and videos, while Snapchat is more about capturing and sharing raw, unfiltered moments.

Instagram has also added features such as Reels, which allows users to create short-form videos, similar to TikTok.

Another key difference is the way content is shared.

On Snapchat, content disappears after 24 hours, while on Instagram, it can remain on a user’s profile indefinitely.

Instagram also allows users to tag products in their posts, making it easier for businesses to sell products directly through the platform.

Snapchat Vs TikTok

Snapchat Vs TikTok

TikTok is another social media platform that has gained popularity in recent years and is often compared to Snapchat.

TikTok has over 1 billion active users, which is more than three times the number of Snapchat’s users.

Like Snapchat, TikTok has a younger audience, with 62% of its users under the age of 29.

One of the main similarities between the two platforms is the focus on short-form video content.

However, TikTok has more advanced editing tools, such as filters, effects, and transitions, which can make videos more engaging and entertaining.

TikTok also has a more algorithmic approach to content distribution, which means that videos can quickly go viral and reach a large audience.

Snapchat, on the other hand, has a more personal and private approach to content sharing.

Users can send snaps directly to their friends, and the content disappears after it has been viewed.

Snapchat also has a strong focus on augmented reality (AR) filters and lenses, which can be used to enhance the user’s experience and create fun and interactive content.

Privacy and Security

Snapchat takes privacy and security very seriously.

As stated in their privacy policy, Snap Inc. is committed to protecting the privacy of its users and their personal information.

Snapchat’s privacy policy is updated regularly to ensure that it aligns with the latest data protection laws and regulations.

The policy clearly outlines what personal information is collected, how it is used, and how it is protected.

Snapchat also provides users with a range of privacy settings that allow them to control who can view their content and contact them.

Snapchat uses a variety of security measures to protect user data, including encryption, two-factor authentication, and monitoring for suspicious activity.

They also have a dedicated team that works to identify and address any security vulnerabilities in their system.

It is important to note that while Snapchat takes measures to protect user data, no system is completely foolproof.

Users should always be cautious about the information they share on the platform and should regularly review their privacy settings to ensure they are comfortable with who can see their content.

Snapchat’s Future

Snapchat's Future

Snapchat has been a popular social media platform for many years, and it has continued to evolve over time.

The future of Snapchat looks bright, with the company having some bold expansion plans for the future.

One area where Snapchat is likely to focus its attention is on augmented reality (AR).

The company has already made significant strides in this area, with its AR lenses being a popular feature among users.

Snapchat’s parent company, Snap Inc., has also been investing heavily in AR technology, and this is likely to continue in the future.

Another area where Snapchat is likely to focus its attention is on artificial intelligence (AI).

The company has already made some progress in this area, with its AI-powered filters being a popular feature among users.

Snapchat is likely to continue to invest in AI technology, with the aim of making its platform more engaging and personalized for users.

Looking further into the future, Snapchat is likely to continue to innovate and introduce new features that keep users engaged.

The company has a track record of being able to adapt to changing trends and user behavior, and this is likely to continue in the future.

Key Takeaways

If you are interested in who owns Snapchat, here are the key takeaways you should know:

  • The co-founders of Snapchat, Evan Spiegel and Bobby Murphy, are the current owners of Snap Inc. which is the parent company of Snapchat.
  • Snap Inc. also owns Spectacles, a line of smart glasses created exclusively to capture photos and videos for Snapchat.
  • Advertising is the main source of revenue for Snapchat. The company generates substantially all of its income from advertising, particularly from sponsored Lenses and Filters.
  • Snapchat has three types of stocks, Class A, B, and C. As of 2022, the company has beneficial ownership of Snapchat.
  • The daily active users of Snapchat continues to grow, reaching 383 million in Q1 of 2023.

In summary, Snapchat is owned by Evan Spiegel and Bobby Murphy, who co-founded the company in 2011.

The company generates most of its revenue from advertising and owns other products like Spectacles.

Snapchat has also seen an increase in daily active users in recent years.