This Survey Suggests There's Still Hope for Snap

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.

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Source: Fool.com