Snap's spectacles maybe hip, but Snapchat's daily active users declined by 1% in its most recent quarter, to 186m
That's part of an ominous trend
#Snapchat has 0.6% share of US digital ad revenue
#Facebook has 25% share of US digital ad revenue
What's more, Facebook owned #Instagram has copied Snapchat's photo sharing features !
So much for sustainable differentiation....
On the positives, however:
Snap expects revenues of $355m to $380m during its fourth quarter (year over year growth of up to 33%)
Augmented reality is waiting to explode
It has $1.4bn in net cash, despite its quarterly cash burn rate
https://www.ft.com/content/249772c4-ed30-11e8-89c8-d36339d835c0