Instagram Stories continues to dominate Snapchat
Things are still trending up for Instagram Stories, something that can't be said for Snapchat anymore. According to Instagram, Stories now has 250 million daily active users, up from 200 million in April. Meanwhile, social analytics company Delmondo says Snapchat downloads have severely declined. Snapchat has yet to comment on the findings but the company's first ever earnings report was wide of the mark, in addition to Snap's stock hitting an all-time low last week. Despite all the doom and gloom, there are some rays of sunshine, including the deal that Snapchat signed recently with Time Warner for $100 million. Still, Instagram Stories are growing at a rapid rate and something that Snapchat has to compete with daily.