What People Need to Know About Poparazzi, a New Photo-Sharing App

If you’ve been on Twitter recently, you’ve probably seen individuals in the startup/venture capital sector discussing the new photo-sharing app Poparazzi.

What People Need to Know About Poparazzi, a New Photo-Sharing AppWhat Is Poparazzi?

Poparazzi is photo-sharing software that encourages users to photograph and share pictures of their pals. Selfies aren’t possible because there’s no front-facing camera. Instead, users take pictures of their friends and tag them as if they were paparazzi. Users can also control who can take pictures of them and which photos appear on their page.

In a post, the company that made Poparazzi wrote that they built it to take away the pressure to be perfect and they did so by not allowing users to post photos of themselves. This puts the emphasis where it should have been all along: on the people you are with. On the app, you are your close friend’s paparazzi and they are yours.

Poparazzi and Dispo are similar in that they both promote candid photos with a sharing component. Both are more about recording a moment as it is, rather than fine-tuning for Instagram.

The Newest and ‘Hottest’ on the Market

Woman scrolling through pictures on her phone When Dispo, co-founded by prominent YouTuber David Dobrik, raised a $20 million Series A lead by Spark Capital in February, it was the hottest new photo-sharing app. However, the app became embroiled in controversy the following month as rape charges were leveled against one of Dobrik’s former associates. Spark Capital then announced that it will no longer work with the company.

Poparazzi’s public launch coincides with the increasing availability of vaccines and the re-opening of society. According to SignalFire main investor and head of content Josh Constine, Poparazzi might be “the perfect app for hot vax summer.'”

Poparazzi creator TTYL, situated in Marina Del Rey, California, got $2 million in funding from investment firm Floodgate in 2018. TTYL, established by Alex and Austen Ma, has released many social apps, including TTYL.

Poparazzi is one of the new social media companies that have exploded in popularity in the last year, including Dispo and Clubhouse, an audio-based networking platform that has raised $110 million from Andreessen Horowitz.

According to data, photo-sharing companies have garnered $86 million in funding this year, up from $129 million the previous year. Last year, social media businesses raised more than $4 billion in fundraising, and so far this year, they have raised about $1.8 billion.

Tech Execs Top the Highest Paid CEO List Once Again

Bloomberg has revealed which CEOs made the most money in 2019, and there’s a clear trend at the top of the list. While Wall Street tycoons might once have thrived here, they’ve now been swept aside by the tech execs dominating the world with the latest and greatest products.

Taking The Top Spot

Sitting comfortably in the number one spot is Elon Musk, the man responsible for companies like Tesla and SpaceX. In 2019 alone, he made just shy of an unbelievable $600 million. The bulk of this came from his stock in Tesla, with a single share of this currently around the $1,500 mark. Musk’s car company is now the most valuable of its kind in the world, and as long as that remains the case, the CEO will be a wealthy man.

Settling For Second Place

Just behind Musk is Tim Cook, the CEO of Apple. The financial difference between the two men is significant, with Elon’s $600 million a huge leap ahead of Cook’s $133 million earnings. Of course, that figure is still nothing to laugh at, and it puts the man ahead of all the other CEOs out there. Much like Musk, Tim’s money mostly came from stocks and other perks, with his annual salary only equating to $3 million. Clearly, being at the helm of one of the world’s most popular smartphone manufacturers has its benefits.

Rounding Out The Top Ten

These two are far from the only tech execs to earn a place in Bloomberg’s top ten. Robert Swan from Intel landed at number seven, while Alphabet’s Sundar Pichai finished in eighth. Satya Nadella, who’s the CEO of Microsoft, was just behind them at nine. In 2019, these men earned $99 million, $86 million, and $77 million, respectively.

With companies like Tesla and Apple continuing to thrive, we expect 2020’s list will probably look very similar to this one.