Snapchat is a popular social media platform that allows users to share photos, videos, and messages with friends and followers. The company behind Snapchat is called Snap Inc., which is a publicly-traded company. As a publicly traded company, Snap Inc. has a number of shareholders who own a portion of the company.
According to publicly available information, the largest shareholder of Snap Inc. is its co-founder and CEO, Evan Spiegel. As of 2021, Spiegel owned approximately 39 million shares of Snap Inc., which represents about 6.4% of the company’s outstanding shares. Spiegel is also the company’s largest individual shareholder, as no other executive or board member owns more than 1% of the company’s outstanding shares.
Other major shareholders of Snap Inc. include institutional investors such as mutual funds and hedge funds. According to regulatory filings, the largest institutional shareholders of Snap Inc. as of 2021 were Fidelity Management & Research Company, The Vanguard Group, and BlackRock, Inc. These companies held approximately 10%, 7%, and 6% of the outstanding shares of Snap Inc., respectively.
In addition to these major shareholders, Snap Inc. also has a number of smaller shareholders who collectively own a significant portion of the company’s outstanding shares. As of 2021, Snap Inc. had approximately 1.5 billion outstanding shares, which means that each individual shareholder owns a relatively small percentage of the company.
It is worth noting that the ownership structure of Snap Inc. has changed over time. When the company went public in 2017, it sold shares to the public through an initial public offering (IPO). At that time, Spiegel and his co-founder Bobby Murphy held a majority of the voting power in the company, due to a dual-class share structure that gave them control over the company’s direction. However, in 2019, Snap Inc. eliminated its dual-class share structure, which gave all shareholders equal voting rights.
In conclusion, Snap Inc., the company behind Snapchat, is a publicly traded company with a number of shareholders. The largest shareholder is the company’s co-founder and CEO, Evan Spiegel, who owns approximately 6.4% of the company’s outstanding shares. Other major shareholders include institutional investors such as Fidelity Management & Research Company, The Vanguard Group, and BlackRock, Inc. The ownership structure of Snap Inc. has evolved over time, with the elimination of the company’s dual-class share structure in 2019 giving all shareholders equal voting rights.