![]() Snap, like other social media companies, is facing challenges making more money as advertisers pull back spending. About 59% of US teens say they use Snapchat while 23% of teens say they use Twitter, according to a survey released by the Pew Research Center last week. Snapchat is also more popular among teens, a valuable market for advertisers. Twitter has 238 million "monetizable" daily users. Snapchat has a bigger audience than Twitter, with 347 million daily active users. Twitter has a similar monthly subscription offering, known as Twitter Blue, but the company hasn't revealed how many people pay for that product.
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