Snapchat processes 150 million images per day Vs Facebook’s Instagram posting 40 million photos per day

April 17, 2013 Leave a comment

Snapchat processes 150 million images per day

By Hayley Tsukayama, Published: April 16

Snapchat, the real-time photo-sharing service has seen a three-fold increase in just four months, according to co-founder and chief executive officer Evan Spiegel.

He said Monday that the company is now processing 150 million images per day — showing a strong demand for sending photo messages that delete themselves within 10 seconds.

By comparison, the most recent statistics from Facebook’s Instagram service show users posting 40 million photos per day.Snapchat has been gaining popularity with young people mostly between age 13 and 25, Spiegel said in an interview with All Things Digital. He said that users are attracted by the idea that deletion should be the default and that a picture they snap in middle school won’t live on the Internet for the rest of time. It’s a concept that several services popular with younger users have in common — a way to make posts anonymous or delete them quickly to keep them from being a permanent part of an online reputation, as The Washington Post reported.

Snapchat has been the most prominent of these services, though there is still some question about how the free and ad-free service can make money now that it’s proven it can grab users.

Spiegel also addressed questions about monetization in the interview, saying that the company may explore putting ads on its service in the future.

He said in his remarks at the D: Dive Into Mobile conference that the company is “playing around with a few prototypes,” but didn’t elaborate on how ads would fit with the service’s fleeting photos.

Filed under TMT Trends

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Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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