Snapchat now has more daily users than Twitter, according to a report from Bloomberg.The four year-old messaging app, which is hugely popular with millennials, reportedly has 150 million daily active users compared to less than 140 million users for Twitter.
According to Twitter’s most recent figures it has 310 million monthly active users, but it hasn’t made any official statement as to how many of those use the service on a daily basis. Twitter and Snapchat both declined to comment to the publication.
Snapchat has made communication more fun with many users sending selfies to each other with added graphics and filters, plus short videos.
It’s also responsible for the popular ‘face swap’ meme in which the faces of the two people (or animals) in a photo can be switched.
Twitter chief executive Jack Dorsey described Snapchat as “very modern” at a recent tech conference and has acknowledged that Twitter can be ‘confusing and alienating’ – something that he’s trying to rectify.
Snapchat recently disclosed that it raised $1.81 billion in Series F round of funding. Investors like General Atlantic, Sequoia Capital, T. Rowe Price, Lone Pine, Glade Brook Capital, IVP, Coatue Management and Fidelity among others reportedly participated in this round.