Snap says Snapchat now has 500M MAUs, reaches 90% of 13-24-year-olds in the US, UK, France, and Australia, and grew 100%+ YoY for the last 5 quarters in India
2.5 years ago Snap's valuation briefly dipped below $5 billion. Some critics legitimately thought they may go bankrupt. Now, we're seeing that they've laid the groundwork for the next computing platform and a built friend graph powering a decentralized metaverse on top of it.
Snapchat stats: - 500 million MAUs - Nearly 1 of 2 US smartphone users is on Snapchat - People open Snapchat 30x daily on average - ~40% of Snapchat users are located outside of North America and Europe - In India, Snapchat's DAUs has grown >100% yoy in each of last 5 quarters