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Snap post

Monday, 6 March, 2017

Snap (formerly Snapchat) went public last week and raised a huge $3.4 billion that valued the company at over $24 billion. On its minimalist homepage, the business describes itself for a quick-read generation thus: “Snap Inc. is a camera company.”

What we’re witnessing in early 2017 is the transformation of photography into visual computing via the things we still call phones. And next? “We believe that reinventing the camera represents our greatest opportunity to improve the way people live and communicate,” says Snap. There’s nothing that fuels ambition like a $24 billion-dollar valuation, but to “improve the way people live” will require more than self-destructing images. Or will it? Where we’re going, we don’t need roads is the attitude of the young Snap founders and that’s why adults should read the Economist explainer on “How to make sense of Snapchat.” It’s never too late to be young.

Update: “The optimism for Snap’s stock seems to be fading nearly as quickly as the average message on Snapchat.” Quartz


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