Snapchat crosses over 750 mn monthly active users, announces CEO Spiegel

Snapchat has crossed over 750 million monthly active users, its parent company Snap announced on Friday.

Snap CEO and co-founder, Evan Spiegel, made this announcement at the company’s “Investor Day”.

“With 375 million daily active users (DAU) reported on January 31, we have now grown DAU by +15 per cent year-over-year for 13 consecutive quarters,” the company said in a statement.

In a blogpost, the company said that at the current growth rate, “we see a path for Snapchat to reach over 1 billion people in the next two to three years.”