Tuesday March 19, 2019
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Snapchat Could Run Out of Money Soon

WhatsApp's Snapchat "Stories" clone called "Status" has also hit 450 million daily users

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Snapchat, snap shares
Snapchat made more interactive with 2 new features. Pixabay

With just $1.4 billion in its kitty at the end of third quarter results, the already struggling multimedia messaging platform Snapchat could even lose $1.5 billion in 2019, analysts have predicted.

Snapchat lost nearly 2 million daily active users in the third quarter this year and now has 186 million daily users.

“Snapchat could run out of money well before it’s projected to break even in 2020 or 2021,” TechCrunch reported on Sunday, quoting market research firm MoffetNathanson.

Snapchat’s daily active users number shrank 1.5 per cent to 188 million in the second quarter of 2018, down from 191 million in the first quarter this year.

snapchat
Snapchat on a smartphone device. IANS

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.

WhatsApp’s Snapchat “Stories” clone called “Status” has also hit 450 million daily users.

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“Snap did successfully reduce the rate of its free cash flow burn from a loss of $234 million in Q2 2018 to a loss of $159 million in Q3.

“But unless Snap bounces back, it will still need either an investor or acquirer to come to its aid by 2020,” the report added. (IANS)

Next Story

Twitter Testing ‘Subscribe to Conversation’ Feature For its Users

Although, there was no indication yet if or when Twitter will deploy the change platform-wide

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Twitter, India, Smartphone
Twitter on a smartphone device. Pixabay

Micro-blogging site Twitter is testing a “subscibe to conversation” feature that would notify users everytime a tweet is added to the conversation in order to keep up with it, without actually becoming a part of the thread.

The prototype feature, that comes as a bell icon above conversation threads was spotted by reverse engineer Jane Manchun in the app’s Android version.

“This is part of our work to make Twitter more conversational,” the micro-blogging site said on Friday.

Twitter CEO
This April 26, 2017, photo shows the Twitter app icon on a mobile phone in Philadelphia. VOA

Lately, Twitter has been exploring new ways of protecting its users from hate, abusive content and fake news.

“Because of this ‘subscribe to conversation’ feature, users would not need to like or comment in a thread to receive updates and this could add a bit of anonymity,” Engadget reported.

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Although, there was no indication yet if or when Twitter will deploy the change platform-wide

Earlier this week, the company launched its beta app “Twttr” that comes with special colour specifications for conversations. It has also been experimenting with profile preview feature and an “original tweeter” labels. (IANS)