They also offered insight into Snapchat's famous rejection of Facebook's acquisition offer, reportedly valued at $3 billion. The Snapchat emails revealed that startup had acquired, among others, a company focused on wearable tech similar to Google Glass and a QR code-scanning company. In response to hackers' threats to attack movie theaters, Sony canceled the movie's release Wednesday. The group apparently objected to the planned release of "The Interview," a comedy about two TV journalists who become embroiled in a plot to assassinate North Korean leader Kim Jong-Un. The privacy-focused app's roadmap was just one of the secrets compromised when a hacking group calling itself "Guardians of Peace" broke in to the entertainment unit's computer networks and leaked thousands of financial documents, emails and a handful of unreleased movies to file-sharing sites. "I even ran into one of my high school design teachers. "I felt like I was going to cry all morning, so I went on a walk and thought through a couple things," he wrote in a memo sent to Snapchat employees Wednesday and later posted on Twitter. The emails - apparently part of a massive cache of data obtained and leaked by hackers - offered a snapshot of the 3-year-old startup's ambitions, including previously quiet acquisitions. Its inception created a buzz among the users of bracket 18 to 34 years which is no longer the case, as the app has transcended the age barrier over time.The information was contained in archived mails between the chief of the ephemeral message service and Sony Pictures CEO Michael Lynton, who sits on Snapchat's board of directors. An average snap chatter spends around 25-30 minutes on this app every day. An estimated active user base of 150 million, it is one of the fastest growing social media platforms. I don't want to expand into poor countries like India and Spain." Earlier established as a platform for teens for merely sharing pictures and videos, this app has come a long way since its inception six years ago.
According to one of the employees, Spiegel had during a meeting said, "This app is only for rich people.
According to a report published in Variety, the CEO while discussing expansion plans in a meeting allegedly dismissed an employee's concern of the slow growth rate of the app in India, stating that the app was only meant for 'rich people'. New Delhi, Apr 16 (ANI): Amidst the growing popularity of social media platform 'Snapchat' in India, the company's CEO Evan Spiegel allegedly claimed that he is not interested in expanding the platform's user base in 'poor countries like India and Spain'.
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