SnapChat Paid Him $158 Million To Disappear

Snapchat paid its third cofounder $158 million in cash to disappear                                 

Snap cofounders Evan Spiegel and Bobby Murphy will become billionaires overnight when their company goes public at a potential $25 billion valuation.

One person who will not share in their glory is Reggie Brown, who went to Stanford with both men and claimed he came up with Snapchat's core idea of disappearing photos.

Brown filed a lawsuit against Spiegel and Murphy in 2013 after he was forced out of the company and not given equity. On Thursday, Snap disclosed for the first time that it paid a total of $157.5 million to settle with Brown.

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Ritch Cassidy

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