Snapchat, formerly known as Picaboo, has done really well since its July 2011 launch
Evan Spiegel, co-founder and CEO, and Bobby Murphy, co-founder and CTO, somehow found themselves just as famous for creating the revolutionary disappearing-image app as they are for turning down a $3 billion offer from Facebook. And they're not even 30 years old
We'll have to wait and see whether the $123 million in funding and the more than 400 million snaps sent every day will pan out for the co-founders — despite Spiegel's rich-kid reputation, a security breach that compromised 4.6 million users' personal information and no profit. Read more...
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