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To the 310 million monthly active Snapchat users, many of whom are in their teens and early 20s: Sorry, but old people are about to crash your party. And that is exactly why the app is exploding in use, even recently overtaking Twitter in terms of daily users.

(I'm not even 40, and I'm one of them.) To the hip kids who have grown up with the four-year-old short video sharing app: It is with regrets that admittedly I may even incorrectly explain some of how this service—with its myriad of odd features—works. A social network where people share photos and short videos for just 24 hours, Snapchat is the answer to the Internet's problem of never forgetting.

Sometime after that story, Facebook CEO Mark Zuckerberg got wind of Snow and contacted Naver Chairman Hae-Jin Lee over the phone with an offer to acquire it.

Naver saw Line raise over $1 billion in a dual Japan-U. IPO in July of this year, and Lee rejected Facebook’s overtures because he believes Snow has the potential to become a similar success.

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Last modified 25-Aug-2019 08:23