On Thursday, Snap Inc reported that its advertising business had progressed and a 50 per cent rise had been seen. Previously, multiple tech companies’ business, including Metaverse, had suffered due to privacy changes by Apple Inc.
Snap forecasted that in the first quarter the daily active users would increase to 330 million from 328 million, whereas the revenue would stay between $1.03 billion to $1.08 billion. The company said that it recovered from the setback it faced due to changes in Apple’s Inc privacy changes which prevent apps to track online activity.
The popular social media app has framed the strategy to gain new users from Asia, Europe and Latin America.
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