BIZ-SNAP-DMT
Snap Inc’s photo-sharing app Snapchat will lose users in the US for the first time this year, suggesting the company’s latest efforts to broaden its audience with new features like gaming won’t revive growth in the short-term.
Snapchat will have 77.5 million monthly US users in 2019, a 2.8% decline from a year earlier, according to industry analyst EMarketer. The research firm pointed toward fans’ lingering dissatisfaction with a redesign of the app and significantly lowered its projections from those made six months ago. It now predicts that Snap’s user growth will level off in 2020.
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