• Home
  • News
  • Fortune 500
  • Tech
  • Finance
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
TechDrones

Snap Reportedly Has Worked on a Selfie Drone

By
Reuters
Reuters
By
Reuters
Reuters
March 1, 2017, 8:19 AM ET
Snap Seeks To Raise As Much As $3.2 Billion In U.S. IPO
Photograph by Michael Nagle—Bloomberg/Getty Images

Snapchat’s owner Snap has worked on a drone that could help users take overhead videos and photographs and then feed that visual data to the company, the New York Timesreported on Tuesday.

It was unclear when or if Snap’s drones would become available to consumers, New York Times said.

Snap could not be immediately reached for comment.

Earlier, GoPro (GPRO) launched its own drone camera called Karma with not much success yet. The company recalled Karma in November to resolve a performance issue related to a loss of power during operation and relaunched it in February.

Snap, which rebranded itself as a camera company last year, debuted video-camera sunglasses called ‘Spectacles’ as its first product in November. The product recorded short videos that could be directly shared on its disappearing messaging app Snapchat.

In its usual quirky style, Snap had set up big yellow vending machines at various places where fans could plop down $130 for the “Spectacles” glasses. The vending machines popped up at new locations for about a day, and that location was shared just 24 hours in advance.

Until recently, the machines were the only way to buy the glasses directly.

Many investors are eager to know Snap’s future course of action, as concerns over its growth prospects, valuation and corporate governance still remain.

In a highly anticipated run up to its IPO, Snap on Wednesday said it expects investors buying up to a quarter of the shares in its $3.2 billion public offering this week to agree not to sell them for a year. It is targeting a valuation of between $19.5 billion and $22.3 billion from its New York Stock Exchange listing.

About the Author
By Reuters
See full bioRight Arrow Button Icon
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.