impermanent

Snapchat has been a huge success since it was first introduced in September 2011. Competing with the likes of Instagram, Facebook and other photo sharing platforms, Snapchat set itself apart by offering the fleeting experience of disappearing photos. When you send a photo, you set a time-limit of up to 10 seconds. After that, the photo allegedly disappears.

But unfortunately for the app's user base, which is currently sharing a whopping 150 million photos daily, it turns out those photos aren't quite so fleeting. A Utah-based forensics firm has discovered that the photos are still stored on the receiving phone.

Now that filtered smartphone photos have taken over the photo sharing world, many people -- especially investors -- are wondering: what's next? One possible answer may be temporary photo sharing.

Just last week we reported that Snapchat had raised $10 million to continue pioneering the frontier. Now, a report has emerged that Facebook is working on its own mobile app that offers exactly the same thing.