Snap Inc.

Snap Inc. is a social media company whose flagship product Snapchat has been positioned as a newer, more open platform that gained share among younger users as Facebook's demographic aged. A 2021 FreeS Research analysis framed Snapchat as part of the generation of apps that eroded Facebook's dominance by appealing to younger users, noting that 2013 marked an inflection point when Facebook's North American growth stalled and alternatives like Snapchat and Instagram began eating its share . The company has also made strategic investments in the Indian market, participating alongside Tiger Global and Lightspeed in a $502 million funding round for Indian social media platform ShareChat at a $2.1 billion valuation in 2021 . DST Global, the firm founded by Yuri Milner, counts Snap among its portfolio of classic social-media bets, alongside Facebook, Twitter, and Zynga .