Recently, Instagram announced that Instagram Stories, its tool it cloned from Snapchat, has over 200 million daily active users, which is more DAUs than Snapchat has for its entire app (roughly 166 million). Meanwhile, in its most recent quarterly filing, Snapchat announced its user growth has slowed; it only added 8 million users at a 5 percent growth rate. Why is Snapchat stalling out, and why is Instagram running away with all its best features?
To answer these questions, I interviewed David Lee, CEO of video marketing creation tool Shakr. He talked about Snapchat’s UI problems and how its future lies in the growth of its augmented reality technology.