Bobby Murphy Biography
Bobby Murphy (Robert Cornelius Murphy) is an American entrepreneur and engineer. Bobby is the co-founder and the CTO of the American multinational technology and social media company Snap Inc.
He created it with Evan Spiegel and Reggie Brown while they were students at Stanford University.
Bobby was named as one of “100 Most Influential People in 2014” by Time. He was first listed and became the second-youngest billionaire in the world by Forbes in 2015.
Bobby Murphy Education
Murphy was educated at the school of Madeleine, a private Roman Catholic grade school in Berkeley, California. He then received his secondary education at Saint Mary’s College High School which is also a private high school in Berkeley.
Bobby graduated from Stanford University in Stanford, California in 2010 receiving a Bachelor of Science degree in Mathematical and Computational science. Murphy was also a member of the Kappa Sigma fraternity along with Evan Spiegel and also his former friend Reggie Brown.
Bobby Murphy Age
Robert Cornelius Murphy was born on July 19, 1988 in Berkeley, California, U.S. He is 30 years old as of 2018.
Bobby Murphy Family
Murphy was born to a Filipino-born mother, Rosie L. Go-Murphy, and a United States- born father, Richard Cornelius Murphy Jr. Bobby’s parents are both government employees in California. He has a Filipino descent on his maternal side and has Irish, Scottish, and English ancestry.
His mother grew up in Phillippines, and emigrated to the United States. He grew up in Berkeley, California.
Bobby Murphy Snapchat
Bobby is the co-founder of Snapchat and CTO of Snap Inc.
Evan Spiegel And Bobby Murphy
He was recruited by Spiegel after they had finished working on a failed startup called Future Freshman, a website that helped high school kids get advice and help with applying to colleges. His friendship with Spiegel began during their years at Stanford University. They also were fraternity brothers in Kappa Sigma. Murphy is famous for creating a disappearing-image messaging app called Picaboo, which later became Snapchat, in September 2011.
Bobby spent a year working as a software engineer at Revel Systems (an iPad point of sale system for restaurants) after graduating from Stanford. Until Snapchat could secure venture capital funding, Murphy used half of his paycheck to cover the cost of Snapchat’s server bills until Snapchat could secure venture capital funding.
He has led Snap’s engineering, product, and research teams including the recently launched Spectacles. The spectacles are wearable smart glasses that can capture video and photos and send them to the user’s Snapchat account. He once told Forbes “We weren’t cool. So we tried to build things to be cool,” referring to his college days. Murphy remains the author of much of the Snapchat app code to this day.
The Wall Street Journal has reported that after the predicted March 2017 IPO for Snap Inc., Bobby and Evan Spiegel would hold over “70% of the voting power” in the company, and also own around 45% of the total stock.
In February 2017, Bobby and Evan Spiegel have pledged to donate up to 13,000,000 shares of Class A common stock, for over the course of 15–20 years to their newly created Snap Foundation that will support the arts, education and youth non-profits. They took Snap Inc public in March 2017. The camera company reached a market cap high of $34 billion within two days of its IPO. The camera company reports a market cap of $13 billion in August 2017, according to Google finance.
Bobby Murphy Net Worth
Bobby has an estimated net worth of $1.4 billion.
Bobby Murphy House
Being a native of California, Murphy resides in Venice California where he bought a $2.1 million two-bedroom house located close to Snapchat’s new offices at 63 Market Street in Venice.
Bobby Murphy Interview
Bobby Murphy News
Among Year’s Biggest Losers: Snap Billionaires Slip Closer To Being Mere Centimillionaires
Published: Dec 21, 2018
Source: www.forbes.com
Snap cofounders Evan Spiegel and Bobby Murphy could be close to losing their billionaire status after being the youngest U.S. billionaires on Forbes’ lists for four years.
The fortunes of Spiegel, who is 28, and Murphy, who is 30, have fallen nearly $3 billion a piece since Forbes’ 2018 Billionaires list in March. Spiegel and Murphy’s net worth dropped from $4.1 billion and $4.2 billion in March, respectively, to just $1.3 billion each on December 20, due to a staggering decline of Snap’s stock price, which has tumbled 65% since the beginning of this year.
Shares of Snap, which owns chat and video messaging app Snapchat, have plunged in value since February as the app has struggled to maintain its user base of teens and millennials. In October, the company reported a 1% drop in total monthly users from its second quarter to third quarter, to a total of 186 million daily users. Snap’s retention problems don’t appear to be ending any time soon. The company warned investors in October that it expects to continue to lose daily active users.
Meanwhile, executives have been departing the Venice, Calif.-based company with alarming frequency. Snap’s content chief Nick Bell announced he was leaving in November; VP of marketing Steve LaBella departed in October and chief strategy officer Imran Khan resigned in September. Snap’s former head of engineering, Tim Seh, left in December 2017.
Snap faces stiff competition from Facebook FB +3.36%-owned Instagram, which has more than 1 billion monthly active users, while short-form video app TikTok and its Chinese version Dǒuyīn have about 500 million monthly users globally. If Snapchat can’t show compelling user growth or engagement trends soon, the founders will likely forfeit their billionaire status, too. If Snap’s stock drops from its current $5 price to $3.50, based on Forbes’ calculation of the founders’ share ownership and estimated cash holdings, the young moguls will both lose their place in the three comma club.
Update: A spokesperson for Snap declined to comment on Spiegel and Murphy’s net worth, as well as Snap’s stock performance.
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