Snapchat Makes Bad News Disappear in Six Seconds

So did you hear Snapchat‘s big announcement yesterday? No? You’re not the only one — and there’s a good reason for that.

History’s frattiest startup confirmed yesterday that its third founding partner did, in fact, play a significant role in creating its app. By settling with “Reggie” Brown for what we can only assume was a multi-million dollar sum, the company effectively admitted that it had cut him out of the loop before hitting the big time and dissing Mark Zuckerberg.

The official statement from CEO Evan Spiegel goes against Snapchat’s years of official denials, in which it claimed that Brown had little to do with the company’s creation, launch and subsequent success:

“We are pleased that we have been able to resolve this matter in a manner that is satisfactory to Mr.