![]() The company also declined to offer financial guidance for the current quarter, citing “uncertainties related to the operating environment.” However, the company noted in its shareholder letter that it expects daily active users in the third quarter to be around 360 million, which would mark around 18% year-over-year growth, a deceleration in growth from the prior-year quarter. We are not satisfied with the results we are delivering, regardless of the current headwinds.” ![]() “While the continued growth of our community increases the long-term opportunity for our business, our financial results for Q2 do not reflect the scale of our ambition. “The second quarter of 2022 proved more challenging than we expected,” the company said in the letter to investors. ![]() In a letter to investors on Thursday, the company pointed to “a series of significant headwinds,” including broader issues with the economy and “increasing competition for advertising dollars that are now growing more slowly.” It also hinted at the impact of changes to the Apple app store’s tracking practices, which have upended much of the digital advertising world.
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