Competitive LandscapeLacking the scale and financial strength of its larger competitors, Snap faces an increasingly daunting competitive landscape.
Financial PerformanceSnap reported mixed 4Q:23 results and issued an uninspiring 1Q:24 outlook, indicating potential continued challenges in revenue growth.
User EngagementSensor Tower data suggests a slight decline in global Daily Active Users for Snap, which may point to weakening user engagement.