(Reuters) – Snapchat-owner Snap Inc (SNAP.N) on Tuesday reported lower-than-expected daily active users for the third quarter, amid stiff competition from Facebook Inc’s (FB.O) photo-sharing application Instagram.

A woman stands in front of the logo of Snap Inc. on the floor of the New York Stock Exchange (NYSE) while waiting for Snap Inc. to post their IPO, in New York City, NY, U.S. March 2, 2017. REUTERS/Lucas Jackson

Snapchat’s daily active users rose to 178 million in the third quarter ended Sept. 30, from 173 million in

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