Snapchat has become very popular and successful due to its personal, exclusive, and temporary nature. Over 50 million Snapchats are sent daily among its large user base of over 26 million Americans and 77% of college students. In 2013, Facebook offered $3 billion to purchase Snapchat due to its fast growth and unique ephemeral messaging features that encourage intimate sharing between contacts unlike other social media platforms.
20. ¡°Snapchat isn¡¯t about capturing the traditional
Kodak moment. It¡¯s about communicating with the
full range of human emotion¡ªnot just what appears
to be pretty or perfect.¡± ¨CEvan Spiegel, Snapchat CEO