The Wall Street Journal on Friday reports that Yahoo plans to reinvest a portion of the earnings it made from an early investment in Alibaba in the fast-growing startup Snapchat. The ephemeral app allows iOS and Android users to send photos and videos to others that only last for a matter of seconds before permanently disappearing.
Snapchat has emerged as one of the most popular social networks on iPhone, allowing users to send photos, videos and instant messages that disappear after a predetermined number of seconds. Snapchat aficionados looking for an improved experience while using the app should check out a new jailbreak tweak called GhostPrefs, which is a complete preferences menu that greatly enhances the social network.
Couple of weeks back, Facebook accidentally rolled out its Snapchat competitor Slingshot, and quickly pulled it from the App Store.
In late 2012, Facebook released the Poke app to compete with Snapchat, whose ephemeral messaging model had made the app a hit amongst teens. Poke, however didn’t turn out to be a success, and Facebook pulled it off the App Store earlier this month.
Snapchat update brings new ‘Chat’ text messaging and ‘Here’ video calling features [Updated: Available]
On New Year’s Eve, hackers released the partially redacted phone numbers and user names of 4.6 million Snapchat users.