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Snapchat Hit By Spam Attack

socalTECH

Snapchat , the hot Venice-based startup which lets users send self-destructing photos to each other, has been hit by a spam attack, the firm said this morning. Snapchat said that it believes an individual created multiple accounts and sent snaps to Snapchatters with public accounts. READ MORE>>.

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Report: Snapchat Turns Down $3 Billion Offer From Facebook

socalTECH

In a very bold move, Venice-based Snapchat has apparently turned down a $3 billion acquisition offer from Facebook , according to a report today from the Wall Street Journal. snapchat merger acquisition exit facebook tencent mobile' READ MORE>>.

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Snapchat Confirms $50M Series C Round

socalTECH

Los Angeles-based Snapchat confirmed it has raised $50M in a Series C funding Wednesday, as the hot, instant photo messaging app developer reportedly turned down a $3 billion offer from Facebook and has decided to continue on as an independent company. Snapchat has now raised $125.0M Snapchat has now raised $125.0M in funding.

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The Silent Killer – The Company Your Community Never Created

Both Sides of the Table

Of course this can be done and of course I am a big proponent of the rise of startup centers across the country as the Internet has moved from the “infrastructure phase” to the “application phase” dominated by the three C’s: content, communications and commerce. Locally we call it “the Snapchat effect.”

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Snapchat In Major Security Breach

socalTECH

Venice-based social photo messaging service Snapchat had a major security breach over the holidays, when at least 4.6 Snapchat has not yet responded to the reports on the leaked data. snapchat social mobile startup instant photo messaging security' The breached data was apparently published via a post to Reddit.

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Lawsuit Targets Snapchat Founders, Venture Investors

socalTECH

A new lawsuit, targeting Venice, California-based Snapchat --the hottest company to emerge out of the area''s high tech startup cluster in recent years--says that the company''s founders stole the idea for the company from him after forcing him out of the company early on in its history. READ MORE>>.

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Snapchat Seeks More Funding At Up To $3.6 Billion Valuation

socalTECH

Los Angeles-based mobile app developer Snapchat is in the midst of a new funding round, which values the company at more than $3.6 AllThingsD reports that the firm--which just raised $60M in June --is looking for more money, upping its valuation from $800M to $3.6 billion, according to a report Friday. READ MORE>>.

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