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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

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

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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
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Snapchat is Trying to Lure Political Ads

By
Victor Luckerson
Victor Luckerson
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By
Victor Luckerson
Victor Luckerson
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November 19, 2015, 10:05 AM 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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The messaging and social media app Snapchat is making a play for the heap of political ad money that’s going to be spent on the 2016 election. The company is touting its appeal to millennial voters as a big selling point to presidential candidates, many of whom already have Snapchat accounts. According to a survey commissioned by the company, two-thirds of its millennial users are likely to vote, reports Politico.

Snapchat has been investing heavily in Live Stories, a kind of crowdsourced broadcast in which user-submitted snaps are stitched together to show many different perspectives of an event. The company now has continuous Live Stories in New Hampshire and Iowa, two early election battlegrounds, and is trying to get candidates to buy ads that would be inserted between the user videos. So far only John Kasich, Rand Paul and Scott Walker have bought ads on the platform.

Snapchat now has 100 million daily active users who watch 6 billion videos per day. About one-third of millennials who are likely to vote are already using the app, according to the survey.

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