• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

2

'Skills nobody can take': Meet a 20-year-old with a 4.5 GPA who skipped college for technical school to land an 'AI-proof' career

3

Meet a 71-year-old who retired as a radiologist and professor, and now runs a banana-skewer business: ‘I never want to retire. Why would you do that?’

1

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

2

'Skills nobody can take': Meet a 20-year-old with a 4.5 GPA who skipped college for technical school to land an 'AI-proof' career

3

Meet a 71-year-old who retired as a radiologist and professor, and now runs a banana-skewer business: ‘I never want to retire. Why would you do that?’
TechSnapchat

Snapchat Might Be Quietly Getting Into the Wearable Tech Game

By
Valentina Zarya
Valentina Zarya
Down Arrow Button Icon
By
Valentina Zarya
Valentina Zarya
Down Arrow Button Icon
March 14, 2016, 1:57 PM ET
Snapchat Raising Money That Could Value Company At Up To $19 Billion
Photograph by Andrew Harrer—Bloomberg via Getty Images
Google source logo
Add Fortune on Google for similar content.

Snapchat’s recent hires hint that the unicorn’s next move may be into hardware.

According to tech website CNET, the company—which is currently valued at $16 billion—has recently hired a number of wearable tech and eyewear experts. These include: Mark Dixon, a former Microsoft (MSFT) recruiter for the HoloLens headset; Eitan Pilipski, who spent five years on Qualcomm’s Vuforia team (which makes augmented reality-related software); and Lauryn Morris, an eyewear designer who created frames for Michael Kors and Zac Posen.

The move into hardware is a surprising one given that Snapchat’s current—and pretty much only—product is an app that’s based on the concept of ephemerality: Users send photos to each other that disappear in a matter of seconds.

Yet the five-year old startup is already punching above its weight in terms of users: According to Nielsen, 41% of Americans under age 35 go on Snapchat at least once a day. Earlier this month, analysts found that the app had caught up to much older, and ten times larger social networking site Facebook (FB) in terms of daily video traffic.

As angel investor Gary Vaynerchuk said to Bloomberg, “The vast majority of people reading this article will have a Snapchat account within 36 months.”

Perhaps that’s what Snapchat’s advantage above the dorky Google Glass is: It’s cool.

Snapchat did not respond to Fortune’s request for comment.

About the Author
By Valentina Zarya
See full bioRight Arrow Button Icon

Latest in Tech


Most Popular

Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

    Latest in Tech


    Most Popular

    © 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
    FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.