On Wednesday, the share price of Snapchat’s parent company Snap closed at $10.57, the lowest it’s been since the company went public with much fanfare in March 2017. It may be a coincidence, but it is certainly fitting that on the same day that Snap’s shares hit a new low, Facebook
announced that Facebook Stories, one of many features it copied from Snapchat, now has 150 million daily active users.
It has been a recurring theme ever since Snapchat
entered the social media scene a couple of years ago: whenever a Snapchat feature proved popular with its users, Facebook went ahead and copied it. What started with camera filters and stickers has been particularly blatant with Snapchat Stories, a feature that Facebook unabashedly copied for all its social media platforms - and to great success.
Stories and WhatsApp Status have long surpassed Snapchat in terms of daily active users and it Facebook Stories are probably next in line.