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Snapchat Launches Payment Service With Square

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Venice-based Snapchat said Monday that it has launched a new feature, which lets users pay their friends using the company''s mobile app. According to Snapchat, it partnered with payment firm Square, which lets you type a dollar sign and amount to send to a friend''s bank account, using a user''s debit card. READ MORE>>.

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Report: No Snapchat Series On Quibi

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Los Angeles-based mobile streaming video startup Quibi will not be launching a series about Venice, Californi-based Snapchat , according to a report from Variety. Quibi raised a huge, $350M funding round back in January for the streaming service. Variety did not say why Quibi decided to drop its plans for the series.

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Snapchat Hit By Spam Attack

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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. According to posts on Twitter, a large number of posts of a "naked lady" were sent to users on the service. snapchat spam attack spammer security chat social mobile'

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Report: Snapchat Raising $100M

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Venice-based photo messaging service Snapchat is reportedly raising $100M in funding, at a valuation of half a billion dollars, according to a report Friday. Snapchat--which operates a mobile photo messaging service which is very popular with the teenage set--is backed by Benchmark Capital, and had previously raised $12.5M

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Snapchat In Major Security Breach

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Venice-based social photo messaging service Snapchat had a major security breach over the holidays, when at least 4.6 million user names and phone numbers on the service were publicly published to the Internet. Snapchat has not yet responded to the reports on the leaked data. READ MORE>>.

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Snapchat Settles With FTC

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The FTC charges came out both the agency''s dis-satisfaction with the way Snapchat represented how difficult it was to pull screenshots and video from the app, as well as the widely publicized security breach where hackers pulled 4.6 million Snapchat usernames and phone numbers from the service. READ MORE>>.

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Snapchat Announces $60M Funding

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Los Angeles-based Snapchat has officially announced its Series B funding, raising $60M in a round led by Institutional Venture Partners. The company said its users are sharing about 200 million chats every day on the service. snapchat venture capital photo messaging mobile sharing social' READ MORE>>.

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