Snapchat’s meager growth shows it has a serious Instagram problem

Snapchat’s IPO was one of the most-hyped Wall Street street debuts in years, but its results since have been, for lack of a better term, “meh.” Snapchat’s latest quarterly results aren’t looking any better. In fact, they should be somewhat worrisome to investors: Snapchat only grew 4 percent over the previous quarter – adding 7.3 million users – to a total of 173 million. That fell short of even the modest analyst growth expectations, which predicted an increase to 175.2 million users, according to Reuters. On one hand, that’s better than Twitter, which added an insignificant amount of users in its…

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