Heavy rains caused unprecedented delays in planting this year and contributed to record floods across the central United States.Agricultureread more
Although Cook did not mention companies by name, his commencement speech in Silicon Valley's backyard mentioned data breaches, privacy violations, and even made reference to...Technologyread more
U.S. ambassador to Israel David Friedman called the gesture a "birthday present" to Trump, who turned 73 on Friday.Politicsread more
Organizers claimed that nearly 2 million Hong Kong protesters took to the streets Sunday in a rally to demand the city's top official resign a day after she suspended — but...China Politicsread more
Target's registers were down on Saturday for several hours preventing customers from checking out.Retailread more
In the survey, 66% of Democratic primary voters say they'd be enthusiastic or comfortable about Biden as their nominee to take on President Trump in the 2020 election. Just...Politicsread more
The newspaper wrote that Goldman's executive are hoping CEO David Solomon's changes to a firm that historically thrived in investment banking and trading will boost its...US Marketsread more
The Fed is not likely to make a move on interest rates when it meets next week, but it should clear the way for a rate cut later in the summer.Market Insiderread more
Representatives from the Chinese side say they think it likely that Chinese President Xi Jinping will attend the G-20 meeting later this month. But in order to reach a trade...China Economyread more
With uncertainty keeping a lid on U.S. stocks, Ed Clissold of Ned Davis Research says the rest of 2019 is likely to be a "choppy," but somewhat opportunistic, ride for...Futures Nowread more
You can save money by doing a quick check and unsubscribing from apps you no longer use.Technologyread more
Snapchat is well-known for its ephemeral style of messaging, where users' posts expire after a given amount of time. But apparently the company's co-founders, Evan Spiegel and Bobby Murphy, are taking this concept to rival platforms.
On Tuesday, after posting a YouTube video explaining the app's success with millennials, the pair—in typical Snapchat fashion—deleted all of their tweets.
Spiegel, the young company's CEO, highlighted how the mobile phone has "empowered" the idea of instant expression. When social media was once an accumulation of various important moments that make up your personality, instant expression shifts that concept. "Instant expression says that 'my identity is who I am right now,' it says 'I'm the result of everything I've ever done but I'm not really an accumulation of all that stuff.'"
Both the video and the deleted tweets quickly got people buzzing about what it all might mean. In a written statement to CNBC regarding the deleted tweets, a Snapchat spokeswoman said, "Evan has a penchant for living in the present :)."
Some users saw this as a potential signal that Snapchat may be interested in messaging with a deeper focus on disappearing text over vanishing visuals.
"I think it would be a smart move for Snapchat to break out into a separate app if the new app still has some uniqueness," said Matthew Knell, vice president of social for About.com.
"I think one of the growth issues Snapchat has is that 'people don't get it,' or don't think their lives are interesting enough," Knell explained. "[Snapchat's] growth is limited to people who have a desire to broadcast their lives on the regular, and opening up a more traditional chat app could grow their install base to include people who are more conditioned to using text/emoji chat more as a utility, and increase their [monthly active users] noticeably among people who don't want to bother learning the existing Snapchat ecosystem."
Still, this stunt could just be Spiegel and Murphy showing their clear enthusiasm for ephemeral messaging.
Last year, Facebook reportedly attempted to acquire Snapchat for $3 billion, but Spiegel turned down the offer. In February, the mobile messaging app was said to be seeking funding at a $19 billion valuation, according to a Bloomberg report.