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Life for Snapchat just went from bad to even worse

Snapchat has had a bad few months. Facebook has continued its quest to crush Snap Inc. Instagram Stories now has more daily users than Snapchat overall. Facebook just released Watch, original shows not unlike what you see on Snapchat Discover. As for bright spots, Snapchat's most famous moment from the last three months: a dancing hot dog. That meme, no matter how viral, did not help Snap impress Wall Street with its quarterly earnings report Thursday.
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