An internet revolution was going on, but all anyone wanted to talk about was sexting. Many people, particularly those over twenty-five, still thought of it as a sexting app or a toy. Snapchat struggled to be taken seriously. While it was intended to kill Snapchat for good, it may have saved it. Zuckerberg met with Spiegel and expressed interest in buying Snapchat but when Spiegel declined, Zuckerberg launched a clone of Snapchat, called Poke. We know most of you and your families shared the burden of student debt at a heavy price that you paid for an exceptional Otis college education.So we are please to announce that Evan and Miranda through their Spiegel Family Fund have made the largest single gift in the history of Otis college,' Charles Hirschhorn said in his speech.In 2012, Snapchat, when was little more than a year old, was struggling to shake a reputation that it was only popular for sending inappropriate photos. 'We have one more gift for the class of 2022. Otis President Charles Hirschhorn made the announcement during his commencement speech in a room full of students at a hotel in Los Angeles with graduating students hugging, crying and cheering for the Snapchat CEO and his wife after the announcement was made.

Snapchat CEO Evan Spiegel and his model wife Miranda Kerr paid off the entire student debt worth $10 million of 284 graduates of Otis College of Art and Design in Los Angeles, making it the largest donation in the college's history, Los Angeles Times reported.Įvan Spiegel, who once took summer class at the art college, attended the school's graduation commencement ceremony with his wife yesterday evening.

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