The Verge breaks down this news:

What a Snapchat Archive Means

Given Snapchat’s initial draw – disappearing photos – their new feature could run the risk of undermining the platform. Users were drawn to Snapchat in order to share photos that wouldn’t stick around forever, and this understanding meant that Snapchat’s community could be less obsessed with status and proving itself. Users felt safer sharing something that wouldn’t stick around. Now, however, Snapchat is a major player in the social media world. It needs to appeal to as broad a user base as possible. Adding a shareable Snapchat archive turns the platform into a photobook much like Facebook or Instagram. On one hand, it’s sad to see a platform lose something that made it less commercial and more “real.” On the other hand, I’m glad Facebook has some competition.