Are Teens Enough for Snap?
Snap Inc.’s post IPO success has been almost non-existent, but its latest earnings report changed a lot of that. An Android app redesign, a methodical reversal of a botched 2018 redesign, an emphasis on AR has led Snap’s share price to actually double in 2019.
All of those changes certainly helped Snap in its rebound, but none of that would have been successful without its users, especially teens. Snap now reaches “90% of all 13 to 24-year-olds and 75% of all 13 to 34-year-olds in the U.S.,” and according to Snap that’s more than even Instagram can claim. That number paired with a greater emphasis on making its advertising platform more sophisticated have made Snapchat a more attractive place for advertisers.
That’s where Snapchat’s success is coming from, but is that enough for the platform’s future?
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