In its , Snap had lots of good news for investors, from increased users to significant revenue growth.
The camera company has not only halted the quarters-long trend of losing daily active users (DAUs), it’s increased that number 2% , to 190 million DAUs. That’s still shy of its peak 191 million DAUs from Q1 2018, but it’s positive progress for the company, at least. According to Snap, that number reflects deep saturation of the market, with 90% of all 13-24 year-olds and 75% of all 13-34 year-olds in the U.S.
But there’s a larger global market to attack, which the company hopes to achieve with its redesigned Android app. The new version started rolling out earlier this month, but is . Ostensibly there are