October 23, 2014 · Written by Andrew S
For a while now, it’s been apparent that Snapchat would eventually be getting advertisements. Though the value of the company has been incredibly high, having turned down a $3 billion offer from Facebook (although some claims value the company at $10 billion), the company has not been generating a whole lot of revenue. Rumblings came a couple of weeks ago stating that Evan Spiegel, the owner of Snapchat, had decided that ads would be coming to the popular mobile application soon. It seems that time has finally come.
The ads, which were implemented for the first time this weekend, appear in the Snapchat Stories section of the app, rather than appearing intrusively in personal snaps that have been sent from user to user. The advertisements will only play if a user chooses to activate them from the app and — like other Snapchat Stories — they disappear after being viewed or after 24 hours. The company has been fairly straightforward about the reason behind the ads: they need to make money.
Snapchat does not intend to target their ads towards users, hoping instead to include ads that are merely fun and informative. The first ad that has been launched through this medium has been a 20-second trailer for the horror movie Ouija, which is due to be released tomorrow. It is not yet clear how frequently Snapchat will be rotating out new advertisements, but it’s likely that Snapchat users will be seeing a number of new ways to view ads through Snapchat as they continue to experiment.Tags: Social Bookmarking,Social Media,Social Media News Brief,Social Networking,Viral Marketing,Web 2.0