Monday December 16, 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.

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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)

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44 Million Users Using Leaked Passwords: Microsoft

"Our numbers show that 99.9 per cent of identity attacks have been thwarted by turning on MFA," said Microsoft

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FILE - Microsoft Corp. signage is shown outside the Microsoft Visitor Center in Redmond, Wash.
FILE - Microsoft Corp. signage is shown outside the Microsoft Visitor Center in Redmond, Wash. VOA

Microsoft has discovered that over 44 million users of its Azure and Microsoft Services Accounts (MSA) are using leaked credentials to log into their accounts.

The Microsoft identity threat research team regularly checks billions of credentials obtained from different breaches to look for compromised credentials in the Microsoft systems.

In 2019, the threat research team checked over three billion credentials and found a match for over 44 million Azure AD and Microsoft Services Accounts.

“For the leaked credentials for which we found a match, we force a password reset. No additional action is required on the consumer side,” the company said in a statement.

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FILE – A sign for Microsoft is seen on a building in Cambridge, Massachusetts, March 18, 2017. VOA

On the enterprise side, Microsoft will elevate the user risk and alert the administrator so that a credential reset can be enforced.

“Given the frequency of passwords being reused by multiple individuals, it is critical to back your password with some form of strong credential,” suggested the tech giant.

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Multi-Factor Authentication (MFA) is an important security mechanism that can dramatically improve your security posture.

“Our numbers show that 99.9 per cent of identity attacks have been thwarted by turning on MFA,” said Microsoft. (IANS)

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