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Facebook, Twitter and Snap all want rights to World Cup highlights
Three of the biggest social networks are trying to make a major move ahead of the 2018 FIFA World Cup, which is set to take place in Russia. According to Bloomberg, Facebook, Twitter and Snap Inc. (Snapchat's owner) are looking to acquire rights for highlights from the tournament, offering "tens of millions" of dollars to Fox, the content owner in the US for the next three World Cups. Fox reportedly hasn't decided whether any potential deal could be exclusive, but the company does relish the idea of Facebook, Twitter and Snap being able to reach audiences beyond the football (aka soccer) junkies.
The Snap Map is another way to stalk your pals in real time
In addition to being the place you share evidence of all the fun you're having and potentially where you land a job with McDonald's, Snapchat also wants to be the app you use to find cool stuff to do. Its latest feature, called the Snap Map, shows collections of public Stories from events around you so you can go straight to the site of that super awesome-looking concert or street fair after seeing posts about it.
What Snap's IPO tells us about Spectacles' future
When Snap Inc. officially filed its IPO last week, we finally got our clearest look yet at its operations. In addition to learning that its co-founders will be donating as many as 13,000,000 shares of their stock to a philanthropic organization the company quietly set up, we also found out just how much Snap paid for its acquisitions of Bitstrips and Vurb.
Snap Inc. quietly created a foundation to support arts and education
We've known for a while that Snap Inc. confidentially filed for an IPO, but the official paperwork (also known as the S-1) is out and full of juicy new details. In addition to insight on how many people use Snapchat on the daily and how much ad revenue the company has brought in, the document also confirmed the company's philanthropic ambitions.
Snap Inc. officially files for IPO
Snapchat's parent company Snap Inc. has officially filed for its initial public offering Thursday, giving a rare insight into what makes the ephemeral messaging service tick. Although Snap did not lay out the terms of the filing, the Wall Street Journal places the company's value between $20 billion and $25 billion. That would make Snap the biggest IPO since Alibaba hit the market in 2014 and well in excess of the $3 billion it reportedly turned down from Facebook in 2013.
Snap's newest Lenses could make any surface a billboard
The next evolution of Snapchat's Lenses could add more than just a flower crown to your selfies. According to a new report from The Information, Snap Inc. is working on a smarter version of its cartoonish filters and world lenses that could overlay images -- and advertisements -- onto a variety of real-world objects.
Sony Entertainment CEO Michael Lynton is stepping down
Michael Lynton is moving on from Sony, to focus on being the chairman of Snap, Inc., the parent company of Snapchat. Lynton has been at the top of Sony Pictures for 13 years, a span which included the massive 2014 hacking incident that saw unreleased films, emails and other studio information released on the internet. At the time, his co-chair at Sony Pictures was Amy Pascal, she left the company in 2015. He's also been the CEO of Sony America since 2012, and Sony says that his departure will extend over the next six months as it works to find a replacement. In the meantime, Sony CEO Kaz Hirai will take over the title of Chairman and co-CEO of Sony Entertainment, and maintain a second office at Sony Pictures' headquarters in California.
Report: Snap Inc. spent millions to get better at augmented reality
The creators of Snapchat are running toward an IPO at full speed, but it seems to have nabbed itself a neat holiday gift along the way. According to a report from The Calcalist (as interpreted by The Times of Israel), Snap Inc. recently acquired an Israeli augmented reality firm called Cimagine for somewhere between $30 million and $40 million. The team will supposedly stay put and become Snapchat's latest R&D division, which no doubt made their holiday plans just a little more festive.
Snap Inc. is expanding its presence in China
Snapchat is officially banned by the Chinese government, but its parent company Snap Inc. is looking to expand its presence in the country's tech and manufacturing hub of Shenzen. According to a CNN, Snap Inc.'s Shenzen office will work on research and development related to Spectacles, the company's only hardware device, which is already being manufactured in China.
ICYMI: Snap's Spectacles are being used to broadcast surgery
try{document.getElementById("aol-cms-player-1").style.display="none";}catch(e){}Today on In Case You Missed It: A surgeon who goes by the name virtualsurgeon on Snapchat used Spectacles to broadcast a hernia surgery. Meanwhile the Office of Naval Research demoed its prototype autonomous swarm watercraft, that no joke travel in packs and investigate other boats. There was so much big news this week but we recommend reading up on how scientists are duplicating climate change data before a Trump presidency. As always, please share any interesting tech or science videos you find by using the #ICYMI hashtag on Twitter for @mskerryd.
ICYMI: Augment yourself with video glasses and exosuits
Today on In Case You Missed It: Between Snap Inc.'s more-buzz-than-Google-Glass sunglasses and exoskeleton suits for the workplace, we are officially future-living. Spectacles cost $130 and are dispensing in randomly placed vending machines. Meanwhile, SuitX, a robotics company from California, created three exosuit options designed to help physical laborers do their jobs and stay injury-free. Stanford researchers have a system that uses chemicals rather than electrons to send text messages, and Texas A&M's gymnastics team created an amazing mannequin challenge that must be seen to be believed. As always, please share any interesting tech or science videos you find by using the #ICYMI hashtag on Twitter for @mskerryd.
Report: Snapchat secretly, officially filed for its IPO
It's no secret that Snap Inc. (aka Snapchat) has been thinking about selling stock to the public, but it looks like it has officially -- and quietly -- pulled the trigger. According to a report from Reuters the messaging company confidentially filed for an initial public offering just before the US presidential election, a move that would keep its crucial financials away from its competitors' prying eyes for at least a little longer. That initial sale of stock could take place as early as next March, and if all goes well (according to Bloomberg, anyway) the company could raise up to $4 billion.
ICYMI: Snap Inc. knows people want its video sunglasses
try{document.getElementById("aol-cms-player-1").style.display="none";}catch(e){}Today on In Case You Missed It: Snap Inc. dropped a Spectacles vending machine in Southern California and the sunglasses were snapped up in no time. If you don't have the thousands of dollars handy that you'd need to pay for them on eBay, you can virtually try them on inside Snapchat by taking a photo of the ghost logo on the Spectacles site (which is what I did in today's photo. Ugh.). The video of the vending machine giggling to earth is here. The story about Samsung filing a patent for a smartphone that folds in half is here. The Nature study about monkeys being able to walk again after paralysis is here. And while there are many things to catch up on this week, we recommend reading up on President-elect Donald Trump's pick for the Environmental Protection Agency's transition team. As always, please share any interesting tech or science videos you find by using the #ICYMI hashtag on Twitter for @mskerryd.
Snapchat's Spectacles are a low-risk move into wearables
There's no question that Snapchat (now known as Snap Inc) is an experimental company. Some of those experiments fail wildly and insult its users at the same time, but the company has been extremely successful at introducing new ways of thinking about mobile messaging. Despite a tradition of pushing the envelope, it was still surprising to see Snapchat introduce Spectacles, its first hardware product. The $130 dollar glasses are designed to let you record 10 seconds of video at a time and sync it to your phone to post on Snapchat. Despite a limited initial launch, Spectacles actually represents the beginning of a pretty audacious goal for Snapchat: find the formula for a face wearable that people won't hate. The slow rollout suggests the company knows it needs to start small and slow. But Snapchat is in a unique position to find some traction here -- the company's young users are already comfortable recording and sharing everything around them. Even more importantly, they're used to being recorded and shared by their friends. In groups where people are initially using Spectacles, there likely won't be a big backlash to being filmed.
ICYMI: Roller coasters will be recommended by urologists
try{document.getElementById("aol-cms-player-1").style.display="none";}catch(e){}Today on In Case You Missed It: Researchers at Michigan State created a lifelike 3D model of a patient's kidney, with stones inside, and took it on a roller coaster after the man said the crystals cleared after riding Big Thunder Mountain. Turns out, the model backed it up and now, doctors will probably start recommending folks with smaller kidney stones ride roller coasters as treatment. The inner child of every adult just did a happy dance.
Snapchat to release $130 camera-equipped Spectacles this fall
Yes, the Snapchat Spectacles are real, and company chief Evan Spiegel presented them to a small group of people today. That's where he also revealed that the company has been rebranded and renamed to Snap Inc. According to The Wall Street Journal, Snap Inc.'s first wearable product comes armed with a camera that can record 10-second videos when you tap a button near the hinge. Every tap starts a new recording. The results don't look like typical* videos shot with phones or action cams, though -- not when it captures circular footage that mimics our own vision. Apparently, Spiegel believes that the rectangular format is "an unnecessary vestige of printing photos on sheets of paper." And since this is Snapchat we're talking about, the glasses can sync with your phone wirelessly, making anything it takes easy to share online.
