SNAP says that the economy is deteriorating bad. https://finance.yahoo.com/news/snap-expects-miss-revenue-target-222905849.html
The only thing Snap "announced" is that their app is bleeding users and advertisers aren't wasting money on their platform
Where did the bleeding users part came from ?
Problem with snap is everything is inside the app and cannot be shared. Instagram can be shared with others and thus has a larger user base.
Snap isn’t innovating and TikTok is eating into their market share.
TikTok and snap serve different purposes. TikTok is for self obsessed adults. Snap chat is for horny teens and young adults.
Lol really wanna understand how war in Ukraine and supply chain is affecting Snapchat :O
Snap blame their bad performance on the economy. Are you sure they ain’t losing due to TikTok?
Great question lmao
TikTok was last valued at 460b, they're sucking the oxygen out of Metaverse, Google, and Snap.