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Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. Factset: FactSet Research Systems Inc.2019. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. "Whatever the next application that has a lot of users you're going to have a lot of people trying to figure out how to take advantage." "Part of their growing pains will be to experience this kind of thing," he said.

It turned down a reported $3 billion dollar buyout offer from Facebook ( FB).Īpps like Snapchat that quickly grow in popularity are often in a rush to gain market share without having proper security in place, Haley says. Last year, security researchers also found ways for hackers to recover supposedly deleted photos.īut Snapchat usage has exploded. The app has come under fire for a security flaw that exposed usernames and phone numbers. The spam problem is just the latest on a long list of Snapchat's growing pains. "The shady people get a commission for each install they generate, and they turn to spam to do it," he said. Though some are aware of the tactics, many app makers don't even know they're partnering with spammers. It's a common tactic, according to Tom Ritter, a researcher at security company iSEC. in essence they fool users or trick them into downloading this application and now the mobile application vendor has a lot of new users." "The vendor of the application doesn't really care how they do it, so they can come up with some creative ways. "They're getting paid to get users to download this application," Haley speculates.

Instead, the perpetrators are the firms the app makers hire to help increase downloads. Haley says the mobile app developers aren't likely behind the scam.