Snap Inc Update
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Being small has its advantages. Snap has avoided the worst of the techniques, as evidenced by the lack of antitrust hearings. While big rivals are under the watchful eye of lawmakers, Snap has spent time building self-service advertising options, improving Android apps and delivering more content to its users.
Scrolling a few years ago, the position of snaps in the sky on social media Dangerous.. Instagram duplicated its best features and swelled to a billion users. Advertisers have poured money into Facebook, leaving behind a small platform for fighting for scrap.
But by focusing on content, Snap has retained the whimsical young users and won even more.Social media platform currently has 293 million Daily active users — More than one-fifth more than last year. This is the highest user growth in four years.
Rewards are average revenue per user of $ 3.35, up from $ 1.40 for the same period in 2018. ARPU is growing at twice the pace of Facebook, albeit on a small scale. This growth rate should continue if Apple’s privacy changes continue to make relatively small differences in Snap’s advertising plans.
But if that fails, Snap will continue to strive for profit. Ten years after its founding and four years after its listing, Snap still reports losses. These are at least narrowing, down more than 50% in the previous quarter to $ 152 million. Reducing infrastructure costs and raising advertising...
Read Full Story: https://californianewstimes.com/snap-social-media-company-should-pass-on-the-glasses/504378/
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