Snapchat was flying high in early 2016, but the launch of direct competitor Instagram Stories coincided with a massive drop in how fast Snapchat was growing, judging by new stats in its IPO filing. That aligns with our report that multiple analytic providers and social media talent managers saw a big decline in Snapchat usage after Instagram Stories came out. While we can't be sure Instagram Stories directly caused the issue, its rapid rise is highly correlated with Snapchat's slow down. The rise of international Snapchat Stories competitor Snow also could have contributed. Meanwhile, Snap says technical errors in the roll out of new products may have inhibited user growth at the end of Q3. In Q1 2016, Snapchat averaged 122 million daily active users, having grown 14 percent over the past quarter. Then Q2 proved to be its best growth quarter ever, thanks to massive interest in full-screen visual communication and a lack of direct competitors. Snapchat hit 143 million daily users with a whopping 17.2 percent growth rate. But on August 2nd, Snapchat's much larger competitor Instagram launched an exact clone of Snapchat Stories at the top of its app used by 300 million people daily and 500 million people each month. By October, the feature had 100 million daily users of its own...continue reading Snapchat growth slowed 82% after Instagram Stories launched
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