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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

2

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

3

Ex-Google engineer says Larry Page, Sergey Brin and Sundar Pichai share the same trait—it's the lesson he swears by as a $7.2 billion AI CEO
TechSnapchat

Snapchat’s design tweak highlights branded content

By
Tom Huddleston Jr.
Tom Huddleston Jr.
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By
Tom Huddleston Jr.
Tom Huddleston Jr.
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July 13, 2015, 4:16 PM ET
Headquarters Of Photo And Video Sharing Application Snapchat
People take pictures in front of the Snapchat Inc. headquarters on the strand at Venice Beach in Los Angeles, California, U.S., on Wednesday, Aug. 14, 2013. Snapchat is a photo and video sharing application that allows the user to pre-set a period of time, no more than ten seconds, for the receiver to view the content before it disappears from the screen. Photographer: Patrick Fallon/Bloomberg via Getty ImagesPhotograph by Patrick Fallon — Bloomberg/Getty Images
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A new change to Snapchat’s layout design offers a pretty clear sign the ephemeral messaging service wants to direct more eyes to promoted content from its media partners.

The Wall Street Journal notes that Snapchat tweaked its layout Monday, putting its “Discover” section in a more prominent spot where it can be viewed more easily by the service’s growing user base — Snapchat says it has 100 million daily active users and counting. The Discover section — which features promoted content from media partners such as CNN, ESPN, and Comedy Central — is now displayed at the top of each user’s “Stories” list, whereas users once needed an extra swipe to access the section.

The change prioritizes the Discover section, and its branded content and advertisements, above some content from users’ own personal contacts. WSJ reports the layout redesign comes after Snapchat recently renegotiated its agreements with some of its media partners.

The Discover section launched earlier this year with 11 media partners, who also include Vice, Cosmopolitan and People (which, like Fortune, is owned by Time Inc.). The media platform is part of Snapchat’s plan to turn its popular messaging service into a moneymaker that can justify the company’s recent $16 billion valuation.

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