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Snapchat’s Daily User Count Slips to 188 Million

San Francisco: Snapchat’s daily active user’s number shrank 1.5 percent to 188 million in the second quarter of 2018 — down from 191 million in the last quarter, its parent company Snap has said. Although the company’s revenue increased 44 percent to $262 million — compared to $182 million revenue in Q2 2017 — it appears that Facebook-owned Instagram “Stories” has stalled Snapchat’s growth. More than 400 million people use Instagram’s “Stories” feature daily to post photos and videos that disappear after 24 hours. “We are excited by the progress we have been making and are optimistic about the opportunities ahead as we continue to invest in innovation,” Evan Spiegel, Snap CEO and Co-Founder, said in a statement on Tuesday. (IANS)