It also debuted augmented reality glasses, known as Spectacles, in 2016. It added mobile payments in 2015 in the United States, in a partnership with Square. In 2014, Snapchat only made $3.4 million revenue, while losing over $500 million a year. ![]() Part of the reason for adding new features was to find ways of generating revenue. When an image is saved or uploaded to Stories, the user is reminded of the event a year later. Memories, launched in 2016, was another step towards saving images for longer.
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