According to Snapchat, it will shut down due to server storage issues, and not having enough money to pay for new servers, domain names.
Every second, approximately 2000 snaps were sent or post. Thatβs over 170,000,000 snaps a day, and with Snapchat blowing up in popularity recently, their servers probably will crash due to lack of storage.
Article by Garry Bobbins