Snap Inc.

Snap Inc. is a publicly traded technology company headquartered in Santa Monica, California. Founded in 2011 and originally named Snapchat, Inc., the company rebranded in 2016 to reflect a broader product portfolio. It trades on the New York Stock Exchange under the ticker symbol SNAP. For the full year 2023, Snap reported revenue of $4.6 billion, and as of early 2024, it employed over 5,000 people.

The company's primary business revolves around its flagship product, Snapchat, a visual messaging mobile application known for its ephemeral messages, filters, and augmented reality (AR) lenses. Snap also develops and sells hardware, most notably Spectacles, a line of smart glasses that integrate with the Snapchat app to capture photos and video. Its other major products include Bitmoji, an application for creating personal avatars, and an advertising platform that allows brands to reach Snapchat's user base through various ad formats.

Based on its litigation history, Snap Inc. is an operating company that defends itself against patent infringement claims. The provided data shows the company as a defendant in one tracked case and as a plaintiff in none. This pattern is typical of a technology company being targeted by patent assertion entities. The single lawsuit was filed in the U.S. District Court for the Eastern District of Texas, a jurisdiction frequently chosen by patent plaintiffs.

The one tracked case is Ingeniospec LLC v. Snap Inc., filed in late 2024. The plaintiff, Ingeniospec, describes itself as a company that licenses patents related to electronic eyewear. Public records and news reports characterize Ingeniospec as a non-practicing entity (NPE) that has also pursued patent litigation or licensing deals against other major technology companies, including Meta and HTC, over wearable technology patents. The litigation against Snap likely involves its Spectacles smart glasses.