Snapchat – is a mobile application intended for the exchange of messages with photos attached to them.
According to Statista, in April 2016 the number of daily views of Snapchat videos from mobile devices reached 10 billion daily.
In September 2016, the company was renamed Snap Inc. and released spectacles for recording short videos with the possibility of publishing the content on social networks.
The spectacles are equipped with two cameras and an LED record indicator. The price of this product is 130 USD.
The company’s estimated market cap varies from 10 to 20 Billion USD according to different sources.