The private social network Snapchat has been valued at $4m despite reporting no earnings. A 9 per cent of phone owners use it and 350 million of snaps are sent every day.
Find out how the social app works in the video below:
Subscribe to Independent Premium to bookmark this article
Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today.
Already subscribed? Log in
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies