According to Snap Chat's owner Snap, the number of active users of Snap Chat in the second quarter has reduced 3 million. Currently, the number of applications for the application of the application is 188 million. Snap Chat is with Instagram directly to attract the maximum number of users. Instagram is copying the feature of badge snap chat. In the past, Instagram had stolen great Snare Chat store names and introduced Instagram's owner company Facebook to all its apps.
Users understand that the Facebook Snap Chat feature which features better.
Snap earnings rose 44 percent to $ 262 million in the last three months from April to June. Wall street estimates could have been $ 250 million.
Wall Street hoped that the company would report a loss of 17 per cent but the company reported a loss of 14% per share.
Snap founder and CEO, House Spygel, said the previous year's red designing application has led to the lack of consumer deficit. The users were very worried due to the re-designing and they also filed an online petition to eliminate the change.
Apart from snap chat, the company also sells spectacular spectacles for video recording. The company released its new version this year, which can record HD video, and also water proof. The value of this pen is $ 149.99.
After the snap's financial report, its share will be worth $ 13.12 to $ 13.20.
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