Snapchat settles with U.S. regulators

Posted May 8, 2014 by Tim Sandle
The messaging service Snapchat has settled with U.S. regulators over charges it deceived users when it promised their messages would disappear.
Snapchat is a photo messaging application ("app"). Using the application, users can take photos, record videos, add text and drawings, and send them to a controlled list of recipients. These sent photographs and videos are known as "Snaps". Users set a time limit for how long recipients can view their Snaps (around 10 seconds).
The service has run into problems recently. The Federal Trade Commission (FTC) said Snapchat misled users over data collection and failed to inform them that their messages could be saved, according to the New York Times.
Snapchat, Inc | FindTheBest
Although Snapchat have not officially admitted any wrongdoing, the Financial Times notes that as part of the settlement Snapchat agreed to be monitored by the FTC for 20 years.
In a post, the company have gone as far to say: "While we were focused on building, some things didn't get the attention they could have."
This isn't the only recent issue to affect the company. In January 2014, a security breach allowed hackers to get the usernames and phone numbers of 4.6 million users.