Thanks to Twitter’s stalling growth, four-year-old Snapchat is now reportedly more popular than the 10-year-old microblogging service.
That’s according to Bloomberg, which claims that Snapchat now has 150 million daily active users. Twitter, meanwhile, apparently has less than 140 million daily active users, again according to Bloomberg. Neither Snapchat nor Twitter, however, have publicly responded to the report. We’ve reached out to both companies for comment on the matter — Twitter declined to comment and Snapchat has yet to respond.
Twitter’s stalling growth remains a major factor in the company’s dismal performance on Wall Street. The service managed to lose more users than it gained two quarters ago, but it returned to growth last quarter with the addition of 5 million new users who access the service once a month or more.
Update 9:31 a.m. PT: A Twitter spokesperson declined to confirm or deny the accuracy of Bloomberg’s report.
VentureBeatVentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
- up-to-date information on the subjects of interest to you
- our newsletters
- gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
- networking features, and more