Gadgetory

snapchat worth 30 billion dollars wolf multiple news outlets are reporting that snap the parent company behind the app has confidentially filed paperwork for an initial public offering so can trade on the stock market the New York Times spoke with sources saying the company could be valued at more than 30 billion dollars Reuters in the wall street journal reported it could be 25 billion this would be the largest tech company IPO since Facebook back in 2012 and that was more than 80 1 billion dollars but we don't know much about snapchats financials it makes money off sponsored filters like this one put in snapshot currently has 150 million active daily users worldwide last month it unveiled spectacles the sunglasses with a built-in video camera that lets you upload point of view videos right to snapchat snapchat began as a simple way to send disappearing messages and now it's a smash hit with a social sharing generation as a wacky way to use video until stories and express yourself with these augmented reality filters big challenges are coming from rival networks like Instagram which recently rolled out its own version of snapchat stories and Facebook is putting in silly face masks in its live videos too I'm Bridget Carey you can keep up with the biggest tech stories at cnet com / update