Friday, 3 February 2017

Snapchat's IPO reveals how much it cost to make a man disappear

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You can't make 500 million friends without making a few enemies. So goes the tagline of the The Social Network, summing up the tension between Facebook CEO Mark Zuckerberg and his cofounder (and at one point, close friend) Eduardo Saverin, who got booted from the company on its way to global domination.

But Snap Inc., Facebook's foe with fewer friends, also has a similar character in its past: Reggie Brown, one of cofounders Evan Spiegel and Bobby Murphy's classmates at Stanford where they originally built the app. Brown was apparently forced out of the company without equity—despite, according to Brown, coming up with the concept of the disappearing messaging app.  Read more...

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