The fabulous life of Snap CEO Evan Spiegel, the youngest self-made billionaire in the world

Reuters

Evan Spiegel.

Life is good for Evan Spiegel.

His company, Snap Inc., is preparing for one of the most hotly anticipated IPOs of 2017 at a valuation around $20 billion. The Snapchat app is beloved by teens everywhere, and Snap’s recently released Spectacles glasses are one of the most sought after gadgets in tech.

And with an estimated net worth of $2.1 billion, 26-year-old Spiegel is the youngest self-made billionaire in the world, according to Forbes.

Spiegel lives a charmed life, and he knows it.

Medium lays off a third of its staff as it searches for a new business model

Publishing platform Medium announced today that it had laid off 50 people — about a third of it staff — amid growing concerns about its advertising-based model. The company said it would explore alternatives to pageview-based advertising in the hopes that it can develop a lucrative, sustainable alternative for writers publishers. “While we could continue on our current path  —  and there is a business case for doing so  —  we decided that we risk failing on our larger, original mission if we don’t make some proactive changes while we have the momentum and resources to do so,” CEO Ev Williams said in a blog post.