According to Snap’s S-1 filing for its IPO, 90% of the company's $400 million dollars in revenue that the company has had so far has been from selling geofilters.
Surprisingly enough, Snapchat (or Snap Inc. as their new parent company is now called) has not owned the patent for geofilters this entire time. Meaning, the now billion dollar company has been infringing on the patent this whole time.
Instead, a small startup from 6 years ago called "Mobli" actually patented the idea of geofilters in 2012.
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