Snapchat uses Apple’s big day as a diversion to hide some dramatic news

See the original posting on The Verge

Snapchat announced today that it had settled out of court with Reggie Brown, the Snapchat founders’ fraternity brother who claimed to have invented the app’s trademark disappearing messages. While Snapchat wouldn’t disclose exactly how large the settlement was, Brown’s lawyers previously stated to Forbes that they were hoping for one third of the company — which now equates to more than a billion dollars in value. Here’s the wording of the official statement, which admits Brown’s invention of Snapchat’s ephemeral messaging idea:

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