December 05, 2016 5:00 PM ET

Internet Software and Services

Company Overview of Snap Inc.

Company Overview

Snap Inc. develops a text and photo based messaging application for mobile phones. The company was formerly known as Snapchat, Inc. and changed its name to Snap Inc. in September 2016. Snap Inc. was founded in 2011 and is based in Venice, California.

63 Market Street

Venice, CA 90291

United States

Founded in 2011

Phone:

310-399-3339

Key Executives for Snap Inc.

Co-Founder, Chief Executive Officer, President and Director
Co-Founder and Director
Acting Chief Financial Officer and Vice President of Finance
Chief Strategy Officer
Vice President of Product
Age: 46
Compensation as of Fiscal Year 2016.

Snap Inc. Key Developments

SnapChat Reportedly Files For IPO

Snap Inc. (SnapChat) has reportedly filed for IPO. Snapchat has filed confidentially for an initial public offering (IPO), sources familiar with the situation said on November 15, 2016. SnapChat is in the process of planning one of the biggest technology IPOs in recent years, expected to come as early as March, 2017. Snapchat was not immediately available to comment.

Snapchat Unveils Cartoonish Machine to Sell Video Glasses

Snapchat has unveiled bright yellow vending machines that will sell its new line of video glasses. The machines, called Snapbots, feature a cartoon-like face and are topped with balloons. They'll sell Spectacles, which are glasses that can record video 10 seconds at a time and be uploaded to the Snapchat app. The glasses retail for $129. Each Snapbot allows users to virtually try on different colors of Spectacles before buying. Snapchat says the machines will stay in one location only for about a day. Consumers can find upcoming locations online about 24 hours before the machines arrive. The first location for the Snapbot is near Snapchat's headquarters in the Venice section of Los Angeles.

CapitalG Reportedly Invests In Snapchat

CapitalG, investment company of Alphabet Inc. (NasdaqGS:GOOGL) has reportedly invested in Snapchat, the instant messaging program, and the company has not yet made any official announcement.

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