The rise of Snapchat from a sexting app by Stanford frat bros to a $3 billion IPO
In Snapchat's case, it wasn't two ousted cofounders (the Winklevoss twins) against Mark Zuckerberg. But still, it featured the backdrop of an elite university - Stanford versus Harvard - and ended up in litigation, with Snapchat cofounders Evan Spiegel and Bobby Murphy against Reggie Brown.
At stake was the founding story of a social network to make photos disappear. Snapchat's founders ended up paying $157.5 million.
Snapchat survived its rocky starts to now be on the verge of a $20 billion IPO. Here's how Snapchat went from a million-dollar idea about disappearing photos to the giant social media company called Snap today:
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