Snap Inc. CEO Evan Spiegel announced that Snapchat has experienced rapid growth in the number of users over the past 10 months. According to Spiegel, the application now has more than 750 million monthly users, which is an increase of 25% compared to the 600 million it had 10 months ago. The company also reported that the monthly count increased 20% in the year to April 2022. Snapchat’s user base grew 25% in 10 months Snapchat is one of those social networks that has been somewhat relegated from the media attention in recent years. However, this has not been synonymous in his case with a bad time, at least in terms of his user base. In conversation with Bloomberg, the CEO of Snap Inc. attributed the growth of the community gathered around Snapchat to changes in the company’s strategy, which is focused on three priorities: increasing the number of users, making them spend more time on the platform, drive revenue growth and advance augmented reality technology. However, Spiegel also acknowledged that the company has experienced a slowdown in revenue growth. Investors were watching for these signs as they are interested in seeing if Snap’s plan to change its strategy is
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