Snapchat Is Growing Faster Than Ever

Forget what you thought about Snapchat, the app is growing faster than it has in years, now counting over 293 million daily active users.Just a couple of years ago, it looked like it could have been the end.Related | Instagram Now Automatically Translates Texts In Stories In 90 LanguagesIn 2018, Snapchat was not doing well. Following a disastrous redesign, its stock price bottomed out under $5 as users and advertisers were questioning the very survival of the app.But nowadays, things are looking drastically different for Snapchat. Its user base is growing faster than it has ever done since it went public back in 2017. Snap said the app added over 13 million daily users during the second quarter, a 23% increase year on year. Snapchat now counts over 293 million daily active users, which means 120 million more than it did this time four years ago (173M.) As a comparison, Twitter reported 206 million active daily users for the same time period.But it’s not just user growth for Snapchat. The company also reported a 116% increase in revenue, bringing its total to $982 million, making Snapchat one of the fastest-growing social media companies.Snapchat continues to build its growth around a passion…
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