A recent survey furthered the teens and snapchat that Snapchat is the app of choice for America’s youth. 4 0 0 0 . 2 0 0 0 .
1 0 0 0 0zM16. 5 0 10 0s10 4. A vertical stack of three evenly spaced horizontal lines. Go to the search page. Snapchat was the young person’s app of choice in America for a second straight year. This is what it sounds like.
Snapchatters have discovered pyramid schemes, and it’s going just as well as you’d expect. There is a new meme spreading around Snapchat, and it promises to make you money. All you have to do is send a one-time joining fee to a Snapchat user using its payment system, Snapcash, and you’ll be entered into a hierarchical organization that will enable you to receive a slice of the fees from everyone else who joins after you. Be ready to grab those next slots! If you haven’t guessed, this meme is a pyramid scheme.
It’s similar to those multi-level marketing scams your one random, sort-of-friend from high school won’t stop posting about on Facebook, just without the shitty products. Tupperware being sold, no services provided. Instead, new recruits are told they are buying into a system that will somehow turn their money into more money simply by pooling it with other users and redistributing it. Scams a couple of weeks ago after seeing it pop up on his Snapchat.
Most personal accounts seem to point to this being a small scale scam. It’s unclear if anyone is actually buying in. Since the scam spreads by screenshots, it would be easy enough for a user to re-post the image without actually sending cash. Jeremy, a 21-year-old Snapchat user from Atlanta. I’m sure they’re aware of what it is. We reached out to Snapchat to ask if they knew about this and haven’t received a response yet, but this wouldn’t be the first scam that has taken off on the platform. The nature of Snapchat makes it difficult to track these scams.
Users exist in their own private spheres of content, which makes it hard to track posts as an outsider. Everything that is shared expires within 24 hours. A story posted by a Snapchat pyramid schemer. Screenshot posted to Reddit by Andrew. The closest thing to a traditional measure of activity available is the discussion occurring on other platforms, like Twitter, about what’s happening on Snap. This practice itself obviously gives a distorted representation of reality, as few people take to Twitter to do much other than to bitch and moan and make terrible jokes, yet it’s a worthwhile tool nonetheless. So this is how the Snapchat scheme works.
100 then I tell you to add 8 people. 900 I have in total. Then all 8 people you added have to find 8. I’m making money of the ones that don’t. Remember when I said my niece was running a pyramid scheme on Snapchat?