By Staff Writer

Snapchat’s advertising revenue is expected to reach almost $1bn next year according to a number of reports, including Tech Crunch. Analysis from eMarketer estimates that the business will make $366.69m in 2016 and almost triple that next year with $935.46m as a result of its millennial audience.

Meanwhile, Snapchat is also reportedly developing a Google-glass style augmented reality headset. Speculation about the technology was heightened further when the company joined wireless technology body, the Bluetooth Special Interest Group.

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Source: The Drum