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Snapchat was no longer the center of social media that it was.
The tech company announced Thursday that 186 million users connected to the ephemeral e-mail application in the third quarter were at the rendezvous, compared with 188 million in the previous quarter.
In August, the company announced its first decline in the number of daily active users, which Snap's CEO, Evan Spiegel, blamed on an unpopular recast of the application. At the same time, he has faced stiff competition from Instagram owned by Facebook, which also offers a feature that allows users to post photos and videos that disappear within 24 hours.
Snapchat, which earns revenue from advertising, is trying to get more time for teens on the site. In October, he published a list of 12 new shows debuting this fall. The company even sells video capture sunglasses called Glasses.
The good news on Thursday is that Snap's earnings and sales figure in the third quarter were better than expected.
Snapchat announced an adjusted loss of 12 cents per share, which was better than the average 14 cents per share loss expected by analysts polled by Thomson Reuters. The company generated $ 298 million in revenue, up from $ 283.21 million.
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