> Going forward, growth is going to be flat, maybe even negative, now that every messenger service now has their own Stories clone. This is my thinking as well

> Going forward, growth is going to be flat, maybe even negative, now that every messenger service now has their own Stories clone. This is my thinking as well. Stories was a good idea but there wasn't anything proprietary about it and now that a larger service (Instagram) copied it much better there isn't much point to using it on Snapchat anymore. I would imagine their users will continue using their silly filters and doing direct messaging but so many apps have built in filters now I don't know that it is a big enough differentiator anymore. I think the performance of their stock is going to depend on how well they execute on a new product like spectacles.