This Survey Suggests There's Still Hope for Snap
By almost all accounts, Snap (NYSE: SNAP) is losing the race to Instagram and WhatsApp. The Facebook (NASDAQ: FB) platforms are doing Snapchat better than Snap itself.
In its dreadful third-quarter earnings report, Snap reported revenue growth well below analyst expectations, losses that were much wider than a year ago, and dramatically slowing user growth. The vanishing-message app said it reached 178 million daily active users, some 16% more than a year ago. That's substantially below the 63% rate of growth it achieved last year and has been rapidly and steadily declining for years.
Image source: Snap.
Source: Fool.com
