"Snapchat reports 750 million monthly active users"
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Snap CEO Evan Spiegel announced the milestone during an investor presentation.
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Snapchat's user base has continued to grow despite recent struggles with weak advertising demand.
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The company reported a net loss of $288 million for Q4 2021, down from net income of $23 million the previous year.
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Q4 2021 revenue was $1.3 billion, flat from the prior-year quarter and in line with analyst expectations.
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Snap was the first major digital advertising platform to report fourth-quarter results, providing early clues for Facebook and Google.
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Snap's struggles have been attributed to a weakening economy, increased competition from other social media platforms, and platform policy changes.
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The roll-out of privacy changes on iPhones by Apple in 2021 has limited advertisers' ability to collect data for targeted advertising.
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Snap is working to improve its ability to measure and boost the effectiveness of its ads, but it may take time for investments to translate into higher revenue.
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The future of Snap's business remains uncertain as it navigates the challenges of the digital advertising landscape.
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