Snapchat drops daily users for first time after controversial redesign

Social media app continues to battle for relevance against rivals Facebook and Instagram

Snap, the parent company of Snapchat, has announced its first decline in daily active users following a controversial redesign.

Yet it defied pessimistic analysts with good revenue numbers, which sent stock surging briefly before plummeting on signs of enduring weakness.

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from US news | The Guardian https://ift.tt/2vKJUQJ