In a letter to its shareholders, Snap had said it would shift more of its focus during the year to expanding Snapchats user base and investing in markets where it makes the most money, including North America and Europe. However, as per Trivedi, the Evan Spiegel-led company remains bullish on the India market.
Snap India: On February 6, the Los Angeles-headquartered Snap reported a revenue of $1.36 billion for the December quarter, missing Wall Street estimates, according to Reuters. The company had also announced laying off 500 people, or 10% of its global workforce
Since its inception in 2011, Snapchat has become one of the most popular social media platforms, especially among young people. According to Statista, as of July 2018, Snapchat had 191 million daily active users. But how much content do these users share on a daily basis? Interestingly, a study by Omnicore found that Snapchat users […]
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