• Snapchat's Stock Dips After Instagram Stories Hits Another Major Milestone

    4 monthes ago - By Fortune

    When asked whether he was scared of Facebook after the company launched Instagram Stories, Snap CEO Evan Spiegel laughed it off, saying “just because Yahoo has a search box, it doesn't mean they're Google .”
    But on Tuesday, shares of Snap fell 3.4% on the news that Instagram Stories now boasts 250 million active users each day, according to a Facebook blog post . That's about 50% higher than the daily active user base Snap reported in May: 166 million.
    Instagram Stories, which also features disappearing photos, first surpassed Snapchat in April, when the company revealed some 200 million...
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