CHART OF THE DAY: Snapchat Now Has More Photos Uploaded Daily Than Facebook
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In case Facebook's interest in Snapchat is still confusing to you, this ought to clear things up.
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According to Cooper Smith at BI Intelligence, Snapchat has 400 million "snaps," which are photos and videos uploaded, on a daily basis. The vast majority of those snaps are photos, says Smith.
Facebook, meanwhile has 350 million photos uploaded on a daily basis. Instagram, which is owned by Facebook, has 55 million uploaded on a daily basis.
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Facebook's core function is photo sharing. Snapchat is now a bigger application for sharing photos than Facebook and it's soon going to pass Facebook and Instagram.
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