Who Owns Snapchat? (Everything to Know)

Snapchat is a young, fun-loving social networking site where you can communicate with and keep up with your pals.

You can publish where you and your friends are hanging out, send messages that vanish, and keep track of who you talk to the most.

Most other social media networks lack the sense of community that this well-liked platform does.

Who Owns Snapchat?

Evan Spiegel and Bobby Murphy, two of Snapchat‘s creators, own the company. Murphy and Spiegel each hold 15% of the business, while Spiegel owns 13%. Murphy owns a little bit more than Spiegel because he also serves as the company’s chief technology officer.

Both men have had enormous success as a result of the social media company. Bobby Murphy prefers to keep his profession a secret, occasionally stepping out into the open for interviews about technology.

As the company’s public face, Evan Spiegel frequently handles more of the PR work. At Stanford University, they first connected as Kappa Sigma fraternity members. Spiegel had two years on Murphy. He ultimately decided to leave Stanford to pursue a career in politics.

Find Out Snapchat’s User Privacy Problems

How Snapchat Started

Evan Spiegel, Bobby Murphy, and Reggie Brown founded Snapchat in 2011. The original concept behind Snapchat was developed by Brown, who envisioned a social media network where users could upload photographs or videos that would quickly vanish from the site.

Spiegel, who Brown approached with his concept, concurred that it would be fantastic, particularly for students with curious parents or friends. Brown and Spiegel brought their idea to Murphy since they knew he could code and thought it may be popular with young internet users.

“Picaboo” was released by the group prior to the launch of Snapchat. Reggie Brown, though, didn’t seem to be pulling his weight or putting in nearly as much effort as Spiegel and Murphy did. After a few months, Brown was fired from the project by the other two founders.

Murphy and Spiegel repackaged “Picaboo” and introduced Snapchat in September 2011. The original trio agreed to pay Reggie Brown $157 million for his contributions and formally list him as a co-founder of Snapchat three years after the social media network was launched.

Learn More about the Uncertain Future of Snapchat

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Originally published at https://currentschoolnews.com on November 11, 2022.