Evan Spiegel and Robert Cornelius Murphy are the co-founders and respectively, CEO and CTO of Snapchat. Evan Spiegel owns 5.9% of Class A stocks, 23.9% of Class B stocks, and 53.9% of Class C stocks for a 53.6% voting power where Robert Murphy owns 7.9% of Class A stocks, 23.9% of Class B stocks, and 46.7% of Class C stocks for a 46.5% voting power. Snapchat runs an advertising-based business model.

Read Also: Snapchat Business Model, Facebook Business Model, Instagram Business Model, YouTube Business Model, Twitter Business Model, Digital Business Models, Platform Business Models, Attention-Based Business Models.