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What exactly is Snapchat?

Snapchat is reportedly preparing to float on the New York stock exchange with a value of 拢25 billion, a huge amount for a company started only five years ago.

But what exactly is Snapchat, and what is it used for?

Students from the University of Northampton gave 5 live Money鈥檚 Tony Bonsignore the low down on the photo and video sharing app.

This clip is originally from 5 live Drive on 16 November 2016.

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2 minutes

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