Wattpad is an online literature platform intended for users to read and write original stories.
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25 Facts About Wattpad
2.
In January 2019, Wattpad launched a publishing division named Wattpad Books in an effort to take the "guesswork" out of publishing for authors.
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3.
Wattpad was developed in 2006, as the result of a collaboration between Allen Lau and Ivan Yuen.
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4.
Currently, Wattpad has more than 90 million users who collectively spend 15 billion minutes each month using Wattpad.
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5.
In January 2018, Wattpad announced USD $51M in funding from Tencent Holdings Limited, BDC, Globe Telecom's Kickstart Ventures, Peterson Group, Canso, and existing investor Raine.
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6.
In December 2011, Toronto-based Wattpad was selected as the hottest Digital Media company in the country at the Canadian Innovation Exchange.
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7.
Wattpad's most followed author worldwide, Jonaxx, hailed as the "Wattpad Queen" and "Pop Fiction Queen" is from the Philippines.
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8.
In March 2014, Wattpad signed a contract with Pop Fiction, an imprint of Summit Media, to print Filipino Wattpad stories in the Philippines.
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9.
Wattpad stories aired on the show are usually those that were published by LIB Publishing.
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10.
Pop Fiction's best-selling book, "She's Dating the Gangster", written by Bianca Bernardino as a Wattpad original, became the first Wattpad story adapted into a full-length motion picture starring Kathryn Bernardo and Daniel Padilla.
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11.
In February 2015 Wattpad launched a second standalone app called "After Dark".
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12.
Wattpad planned a fast-follow launch for Next in Spanish-speaking regions and to expand the program.
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13.
In June 2020, Wattpad suffered a huge data breach that exposed almost 270 million records.
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14.
The Wattpad Corporation has since investigated and patched the issue.
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15.
In January 2021, Wattpad announced that it was to be acquired by Naver Corporation in a $600 million cash-and-stock deal.
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16.
Wattpad section has a Featured Story list, which promotes content reviewed and approved by staff and an editorial review board.
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18.
Wattpad has increased in popularity among many fandoms, who take to the platform to craft their own fan fiction.
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19.
Wattpad has formed ties with publishing houses to try to help Wattpad authors to receive compensation for their works.
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20.
Wattpad has, in the past, teamed up with publishing groups such as Sourcebooks to help Wattpad authors receive book deals, and get their work into hard copies.
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21.
Online writing communities like Wattpad help young writers learn and grow their craft from constructive feedback and criticism.
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22.
Wattpad offers unique features that other writing platforms do not like the interactive margin commenting.
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23.
Early in its history, some of the large volumes of user-uploaded material hosted on Wattpad was copyrighted material created by authors who did not grant republication rights.
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24.
In May 2009, an article in 'The New York Times' noted, "Sites like Scribd and Wattpad, which invite users to upload documents like college theses and self-published novels, have been the target of industry grumbling in recent weeks, as illegal reproductions of popular titles have turned up on them".
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25.
In most cases, the work on Wattpad is only a sample to ensure funds going to them in regard to their writing.
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