Snapchat loses three million users in three months

  • Snapchat loses three million users in three months
    Independent.t. E.
    Snapchat lost in the last three months, three million users of its latest financial results showed.
    https://www.independent.ie/business/technology/snapchat-loses-three-million-users-in-three-months-37194499.html
    https://www.independent.ie/business/technology/article37194403.ece/6d4bf/AUTOCROP/h342/ipanews_24ee91bd-877c-4e54-bce1-a81d7b8d83e8_1

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Snapchat lost in the last three months, three million users of its latest financial results showed.

Photos and videos the application comes daily active users during the last quarter 188 million, compared with 191 million in the first quarter of the year.

However, there is good news elsewhere in the results as the parent company snap Inc reported last year revenue of $262.2 m, up 44pc at this time, and above analysts ‘ expectations.

The social media giant also revealed its net loss decreased by 20% compared to the same period last year to 353.3 million from $443 million.

The platform was under pressure from Facebook applications that actively fought against snapchat for millennial social media users in recent years.

Rival image and video app Instagram introduced a history – their own version of the story Snapchat two years ago, and since then it has grown to have a wider audience than the whole of snapchat.

Major redesign of snapchat, first introduced by the end of 2017, was also greeted with criticism by many users, including high profile users such as Kylie Jenner – in the end, forcing revision.

Since then, the company has also launched the second generation of the pair of its points, camera-enabled sunglasses that can upload content directly to snapchat in an attempt to diversify the program.

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