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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Lets win the world through love, friendship: Dr. Boby Chemmanur
Mangaluru: “Wars, bombings, mass killings etc. are happening all over the world for different reasons. However, none of us will be aware of what we have achieved from this. If everyone wants to live in peace, we all have to extend the hand of friendship. So let's win the world with friendship and love,” said businessman, social worker, donor Dr. Boby Chemmanur speaking after receiving honor from the Team B-Human in a program held at Kianza Garden near Someshwara Uchila on Saturday.
Boby revealed about not visiting Mangaluru despite invitations owing to the city's bad impression he had. “However, after watching Team-B Human's social service video, my perspective about Mangaloreans changed.” In addition he also promised to help the people of this region, including my fans through a charitable trust.
Expressing gratitude, he said, “Once upon a time I used to be a man who would flaunt my wealth. After my mind transformation, I learned to love and befriend the world. I myself paid one crore rupees for the release of Abdul Rahim, a young man from Kerala who was stuck in Saudi Arabia. My Mother, who would not give money to non-christians, gave Rs. 1 Lakh and encouraged the funding. Many people have helped me to achieve my goal. I am grateful to all of them.”
Inaugurating the program, Manjeshwar MLA A.K.M. Ashraf called Kerala a model for humanity in the country. “Even though Kerala has been portrayed in a distorted way by some individuals, the real story of Kerala is known as Boche created by Dr. Boby Chemmannur. It is commendable that Team B Human has honored such social workers.” Legislative Assembly Speaker UT Khader who joined the program virtually extended his best wishes.
The program, led by Asif Deals, Founder President of Team B-Human, also felicitated Sabita Shetty, Founder Managing Trustee of Tapasya Foundation, and Hanif Puttur, General Secretary of CRDF, Puttur.
Zakaria Jokatte- Managing Director of Al Muzain Group, Sharif Bolara- Managing Director of Whitestone, Mansoor Ahmad Azad- Chairman of Hidaya Foundation, Muhammad Kunhi-Managing Director of Shanti Prakashan, Abdul Latif Gurpur- Managing Director ANI Trading Company, Muzafar Ahmed-Trustee of Team-B Human, Abdullah Monu- Administrative Director Eurogroup Qatar , KA Bawa of Deals Group, Khayyum Manya- Trustee of Abhayam Dialysis Center Kasaragod, DK District Wakf Advisory Committee Vice Chairman-AK Jamal, Sameer Kasaragod, Naveen Hegde were present during the occasion.
Siraj, President of the Mangalore unit of Team B Human, extended a warm welcome, while motivational coach Rafeeq Master and Saif Sultan, founder of Hope Foundation, moderated the program.
