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Snapchat's Evan Spiegel: Fake News Is Social Media's Fault

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CEO Evan Spiegel blames social media --implying, indirectly, Facebook--for the phenomenon of "fake news", saying that personalized newsfeeds have revolutionized the way people share and consume content but at a "huge cost to facts, our minds and the entire media industry." In an editorial, posted this morning, Snap, Inc.

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Report: Snapchat Buys Cimagine Media

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the parent company of Snapchat, has reportedly acquired Israeli startup Cimagine Media. Cimaging Media develops augmented reality technology. Venice-based Snap, Inc. , The deal is reportedly worth between $30M and $40M. The acquisition was first reported by a local Israeli financial daily. Cimagine was founded in 2012.

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Snapchat Debuts Headspace Meditation Tool

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Venice, California-based Snapchat has debuted the new meditation features that it developed with Los Angeles-based Headspace this morning, the new meditation-with-friends feature that the company announced at its Partner Summit in June. Snapchat showed off how those "mini" features would work at its Partner Summit in June.

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Announcing The Socaltech 50: Southern California's Up-and-Comers

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We''re proud to announce the Socaltech 50 , our list of the 50, up-and-coming people in Southern California''s technology ecosystem. So, without further ado, here''s the list of this year''s 2013 Socaltech 50 : Basil Abifaker , Transaction Wireless (San Diego, digital gift cards). Evan Spiegel , SnapChat (Los Angeles, mobile app).

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Snapchat Sued Over Obscene Snapchat Discover Links

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Venice-based Snapchat has been sued in a class action lawsuit , over what the lawsuit says are obscene news stories published via Snapchat Discover. The lawsuit alleges "willful and intentional violations" of the Communications Decency Act by Snapchat in linking to media partners such as Buzzfeed, Vice, and MTV.

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Study: Tinder, Snapchat Users More Accepting Of Cosmetic Surgery

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Users of social media applications such as Tinder and Snapchat are far more willing to consider cosmetic surgery--a side effect of the popularity of "filters" on those apps--according to a new report from the JAMA Facial Plastic Surgery journal. The study was published on Thursday. READ MORE>>.

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Wave.tv Snags $32M For Sports Media

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Los Angeles-based Wave.tv , a sports media company focused on Instagram, Snapchat, Facebook, Youtube, and Tiktok, said this week that it raised $32M in its Series A funding round. The company said the funding will go to expand its portfolio of media brands. The company is led by CEO Brian Verne and President Ishaan Sutaria.

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