Snap is a next generation camera company that enables people to express themselves, live in the moment, learn about the world and have fun together. The Company’s mobile application has evolved from disappearing photos and videos to now offering products such as Snap Ads, Sponsored Geofilters and Lenses, Stories, and Discover. Today, their image capturing and messaging mobile application enables over 158 million people daily to send over 2.5 billion snaps to one another, making it the most connected camera in the world. Snapchatters watch over 10 billion videos per day and on average engage with the application over 25 minutes per day. The Company recently leveraged its massive user audience to launch its first hardware product, Spectacles, which are sunglasses that enable users to take pictures and videos that synch with the Company’s core app, without the use of their hands and from the same perspective the user sees.