Twitter is now valued at $US11 billion, while Facebook is $US395 billion. That, in turn, had created the biggest stir since Facebook made its debut on Wall Street in 2012. Snap’s IPO was one of the most anticipated for a technology company since Twitter’s in 2013. Kerr took Snaps with fans on the New York Stock Exchange floor. In the US, student loan debt has soared in the last few decades, driven by rising college costs and less public funding.Spiegel earned $A272 million by sharing 16 million of his shares in the offering. The donation comes at a time when more than 43 million Americans owe the federal government $1.6 trillion - an average $37,000 per person, which makes the biggest share of consumer debt in the US after mortgages. 'It is a privilege for our family to give back and support the Class of 2022, and we hope this gift will empower graduates to pursue their passions, contribute to the world, and inspire humanity for years to come,” they said. The Snapchat CEO and Miranda Kerr, founder of beauty brand Kora, offered their donation after the college wanted to award the couple honorary degrees and invited them as commencement speakers this year. 'The college is an extraordinary institution that encourages young creatives to find their artistic voices and thrive in a variety of industries and careers,' they said in a statement.

Spiegel and Kerr are founders of the Spiegel Family Fund. We know most of you and your families shared the burden of student debt at a heavy price that you paid for an exceptional Otis college education.So we are pleased to announce that Evan and Miranda through their Spiegel Family Fund have made the largest single gift in the history of Otis college,' Charles Hirschhorn said.

'We have one more gift for the class of 2022.

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