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flag Snapchat nears 1 billion users but remains unprofitable due to high costs and competition.

flag Snapchat is approaching 1 billion monthly users, a major milestone for the app, yet it continues to struggle with profitability. flag Despite its large user base, the company faces challenges in converting users into sustainable revenue, primarily due to high operating costs and intense competition in the social media space. flag While advertising remains a key revenue source, it has not been enough to offset expenses, leaving the company consistently unprofitable.

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