Friday, 24 March, 2023

Snapchat post better growth than Facebook, Twitter

<p>Snap, parent company of Snapchat announced in their first quarter results that the daily active users (DAU) grew by over 18% YoY to 332M. This growth is better than that posted by Twitter, which grew by 2% in the US and 15% internationally and Facebook posted a decrease in DAUs. Snap said that even though their revenue grew by 38% YoY to 1.06B, they were projected to hit 44% growth but it was affected by the Russian invasion along with new Apple privacy changes.&nbsp;</p>