Is There Any Hope for Snap Inc (NYSE:SNAP)

Snap Inc (NYSE:SNAP) is facing problems with its user growth. The company has 166 million daily active users. This is 36% more users as compared to last year’s first quarter, but Facebook and Instagram easily beat this user growth. Facebook recently reached 2 billion monthly active users mark, while Instagram stories has about 700 million users. Instagram Stories, a feature which Facebook allegedly copied from Snapchat, has a whopping 250 million daily active users. Snapchat is taking several measures to increase its growth.

The company recently entered into a $100 million deal with Time Warner to create original content on its social platform. Snapchat Maps is another attempt to keep teens hooked around the platform. But analysts think that Snap Inc (NYSE:SNAP) stock isn’t going to gain value significantly at least in the near future.

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