Snapchat becomes latest social media platform to roll out advertising
Friday, October 10, 2014/
Popular smartphone message app Snapchat is set to introduce advertising.
Snapchat’s free smartphone app is used by millions of people to send disappearing messages to each other.
Co-founder and chief executive officer Evan Spiegel said the company will debut its first ads “soon”, following a similar move by photo-sharing platform Instagram.
Spiegel said the advertisements will appear within the Snapchat Stories feature, in between photos and videos shared by users, and will not be targeted to individual users based on their tastes.
“We’re cutting through a lot of the new technology stuff around ads to sort of get to the core of it, which I think has always been telling a story that leaves people with a new feeling,” Spiegel said.
“They’re not fancy. You just look at it if you want to look at it, and you don’t if you don’t.”
While advertising will be the startup’s first revenue stream, that hasn’t put off investors, who valued the company recently at $US10 billion ($11.4 billion).
Snapchat has also been holding talks with marketers and a number of media companies about a new serviced for disappearing content and ads called Snapchat Discovery.