Snapchat's daily user count slips to 188 mn
San Francisco, Aug 8 : Snapchat's daily active users number shrank 1.5 per cent to 188 million in the second quarter of 2018 -- down from 191 million in the last quarter, its parent company Snap has said.
Although the company's revenue increased 44 per cent to $262 million -- compared to $182 million revenue in Q2 2017 -- it appears that Facebook-owned Instagram "Stories" has stalled Snapchat's growth.
More than 400 million people use Instagram's "Stories" feature daily to post photos and videos that disappear after 24 hours.
"We are excited by the progress we have been making and are optimistic about the opportunities ahead as we continue to invest in innovation," Evan Spiegel, Snap CEO and Co-Founder, said in a statement on Tuesday.
Snapchat for the first time shared the number of monthly active users -- 100 million in the US and Canada. Cash used in operating activities was $199 million in Q2 2018.
The net loss decreased 20 per cent to $353 million in Q2 2018 -- compared to a net loss of $443 million in Q2 2017, said the company.
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Ramzan fasts to begin in India from Thursday
New Delhi (PTI): Ramzan fasts will begin on Thursday in India as the crescent moon marking the start of the fasting month was sighted in various parts of the country on Wednesday.
After the sighting of the moon, the holy month begins and for the next 30 days, Muslims fast from dawn to dusk.
Shahi Imam of Chandni Chowk's Fatehpuri mosque Maulana Mufti Mukarram Ahmed announced that the crescent moon was sighted and the month of fasting will start from February 19.
Naib Shahi Imam of Jama Masjid Syed Shaban Bukhari also declared that the moon was sighted.
During this month, a special prayer called Taraweeh are offered in mosques in the evening. In this prayer, the entire Quran is recited and it continues till the sighting of the Eid moon.
Mufti Mukarram has appealed to the Muslim community to "pray as much as possible for the well-being of the 140 crore people of the country".
