Snapchat loses daily users for the first time over redesign
Snapchat CEO Evan Spiegel revealed the photo-sharing app lost 2% of its 191 million daily active users during the April-June period due to "disruption caused by the redesign". This comes after users complained the app became confusing due to the redesign. The user loss was the first since the company went public, however, revenue increased 44% year-over-year to $262 million.