THE NEWS WRAP: Third party Snapchat app Snapsaved confirms image leaks

Third party Snapchat site Snapsaved has confirmed that its site was breached and 500MB of Snapchat images were leaked, The Guardian reports.

Over the weekend thousands of photos and videos from the Snapchat service, a disappearing messaging app for smartphones, were put online. The photos and videos were apparently taken from sites including Snapsaved.com, which ask people to log in using their Snapchat username and password to offer desktop-based rather than handset-based access to Snapchat.

Snapchat blamed third party apps for the breach.

Reddit loses its GM

Reddit general manager Erik Martin, who has been with the startup since its early days, is leaving having spent six years with the company, VentureBeat reports.

Martin led some of the popular community news sharing site’s biggest moments, helping organise charity raises, lobbying against bad tech policy like the Stop Online Piracy Act and the Personal Information Protection Act, as well as making Reddit the largest Secret Santa gift exchange in the world.

He confirmed the decision in a tweet.

Hard decision, but after 6 outstanding yrs I’m leaving reddit. Thank you to everyone who helped me along the way & made it an amazing ride!

— erik martin (@hueypriest) October 13, 2014

Amazon is Google’s largest search competitor

Speaking in Berlin this week, Google’s Eric Schmidt says the company’s biggest search competitor is Amazon.

“People don’t think of Amazon as search but if you are looking for something to buy, you are more often than not looking for it on Amazon. They are obviously more focused on the commerce side of the equation, but, at their roots, they are answering questions and searches, just as we are,” he says.

However, he is more concerned about the development of an unknown Google-killer, which he says is inevitable.

“…someone, somewhere in a garage is gunning for us. I know, because not long ago we were in that garage. Change comes from where you least expect it,” he says.

Overnight

The Dow Jones Industrial Average is down 223.03 points to 16,321.07. The Australian dollar is currently trading at US88 cents.