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Snapchat’s growth is stagnating.

Aug 08 2018

Snapchat’s growth is stagnating. Though the platform beat analysts' low expectations, the platform only gained 188 million daily active users this quarter—down 2% from last quarter. CEO Evan Spiegel blames fallout from the controversial redesign. Despite this, their stock actually rose as investors prioritized rising revenue (it jumped 44% year-over-year) over declining daily active users. (Business Insider)