Snapchat responds to the outcry
At this year's Sohn Investment Conference, Dan Sundheim, the founder and CIO of D1 Capital Partners, spoke with John Collison, the co-founder of Stripe. Q1 2021 hedge fund letters, conferences and more D1 manages $20 billion. Of this, $10 billion is invested in fast-growing private businesses such as Stripe. Stripe is currently valued at around Read More
“The Snaps and Chats you send your friends remain as private today as they were before the update,” the statement said. However, the company did have to tell its users that it could do nothing about screenshots taken of texts and photos by the recipient of those messages.
The former policy said: “In most cases, once we detect that all recipients have viewed a message, we automatically delete it from our servers. Essentially delete was Snapchat’s default.
“Snapchat is not — and has never been — stockpiling your private snaps and chats,” the company continued.
Snapchat is being unfairly treated?
“You grant Snapchat a worldwide, perpetual, royalty-free, sublicensable, and transferable license to host, store, use, display, reproduce, modify, adapt, edit, publish, create derivative works from, publicly perform, broadcast, distribute, syndicate, promote, exhibit, and publicly display that content in any form,” the full term reads. It’s pretty clear that “host” and “store” were responsible for the rumors over the weekend.
Snapchat users “talk” with photos
Evan Spiegel the co-founder and CEO of Snapchat earlier in the company’s history addressed this phenomenon,
“Historically photographs have been used to save really important memories, major life moments, but today, with the advent of the mobile phone and the connected camera, pictures are being used for talking.
“Now photographs are really used for talking, that’s why people are taking and sending so many photos on Snapchat.”