Snapchat Loses 3 Million Users despite Beating Q2 Revenue Expectations
Snapchat Loses 3 Million Users despite Beating Q2 Revenue Expectations
The ongoing heat between Instagram and Snapchat continues to rise as Facebook implements similar features for Insta, thus making Snapchat face significant competition.
Snapchat’s app has unexpectedly lost about 3 million users in the last quarter, thus adding fuel to the fire as investors are straining to figure where the social media app stands amidst ongoing competition with rival Instagram.
Snapchat’s daily user numbers have gone down 1.5…