Snapchat is one of the most popular social apps in the world. With over 500 million users, it is safe to assume that Snapchat is competitively just as popular as Facebook. Nonetheless, reports are stating that Snapchat is in trouble and there is a big chance that Snapchat may not be here this time next year. Here are what our sources are saying about the popular app.
Snapchat Not Making Enough Money
Reports say that Snapchat’s earnings have been declining within the last 5 years and there doesn’t seem to be an end to the downward slide in profits. Snapchat has been experiencing a steady loss of advertisers over the last few years. It’s safe to assume that without advertisers, Snapchat doesn’t make the needed earnings to stay in operation.
Celebrities Not Endorsing Snapchat
One of the reasons why advertisers are pulling their ads from Snapchat is because there are no influencers pushing the social app into steady popularity. Snapchat is cursed in way of being popular for a while then the interest begins to fade. Snapchat needs celebrity influencers that can make this app widely popular with just a single mention on Twitter, Facebook, or Instagram.
Is Snapchat Finished?
That is the question that is on a lot of minds and according to our resources, if Snapchat doesn’t figure out a solid strategy on winning back its celebrity endorsements and advertisers, Snapchat will be nothing but a memory come this time next year. Snapchat’s IPO has been doing terrible since it’s initial open. All there is to say here is – Snapchat is one foot out the door. Get it together, Snapchat!