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CMDarnton Avatar Christian Darnton @CMDarnton on x 5596 followers Created: 2025-07-24 13:26:54 UTC

But here’s the paradox:

$SNAP has 900M+ MAUs — more than Spotify — yet it makes a fraction of the revenue.

ARPU remains one of the lowest in social media.

So the question is:

Why hasn’t Snap monetized its insane scale? And can that change?

XXX engagements

Engagements Line Chart

Related Topics $snap snap inc stocks communication services $spot

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