The company people were confusing for Snapchat is changing its name and pivoting to blockchain

Snap Interactive has rebranded as PeerStream, and plans to launch a blockchain-based messaging app called Backchannel later this year. 
In an interview with Business Insider, CEO Alex Harrington explained the name change and new business line.
When Snapchat's parent company, Snap Inc., went public last year, Snap Interactive unexpectedly got a boost because of its similar name. 
At the time, the company's chairman defiantly vowed there was no name change in its immediate future: "