For t hose of you who do not know what Snapchat is, it is another form of social media where you post different pictures and videos, or snaps, on your account for people to see. Snapchat is a $16 billion company, with many major celebrities using the app to share what they do throughout their day. The more that Snapchat grows the more that they want to add new features and create new things for their users. Snap labs, which is Snapchats research team, is supposedly working on a new product, which is rumored to be some type or smart glasses or a wearable device to record what you're doing.
This may just be a rumor, but there are many leaks that show that Snap Labs is working on new ways to make their company more profitable. They are hiring new 3D visual engineers and app developers, which shows that they are looking to either improve their app or come out with a new product to sell to their users. Snapchat hasn't really come out with anything other than other new cool features on their app. Another rumor about Snapchat is that they are coming out with a live streaming app like Periscope or Twitch or something similar. Whether any of these rumors are true or not will not be known for quite a while, but if they are true then Snapchat is truly making some great progress!
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