In the fourth quarter of the year 2020, 16 million daily active Snapchat users were added and now its total number of users reached 265 million, which means that it is growing by 22% year-on-year. It is really commendable in this competitive market. Snapchat cameras are taking more than 500 million photos each year.
Snap’s CEO talks about Snapchat users
Snap’s CEO Evan Spiegel told investors late Thursday that today’s younger generation believes in revealing themselves with pictures more than words, and 82 percent believe that it is their personal responsibility to change the world.
Spiegel said that over time, the company is inventing new stories so that new formats can be adopted. He adds, “Every month, more than 250 million Snapchat users open our map, where they find people and places that matter to them. There are over 35 million businesses on the map for our community, through which They can connect themselves with local businesses. “
Today, on average, over 200 million people are connected with AR on Snapchat. Spiegel concludes, “Our plan for the future is to achieve a growth of over 46 percent compared to the growth achieved in the year 2020 and expand our community in the world, making the Snapchat user experience better and local.