Snapchat’s parent company Snap beat its projected revenue by over $US30 million in its most recent earnings report. The app’s growth had slowed down since Snap went public in March 2017, but Snap isn’t the only iconic social media company that’s struggled with acquiring new users after it went public. As this chart by Statista shows, Twitter experienced similar growing pains during the months following its IPO – which might mean that Snapchat just needs more time to finesse its platform and attract new users.
Business Insider Emails & Alerts
Site highlights each day to your inbox.