Snapchat Stories Usage Down 33% In 6 Months Among Influencers

Just over a year ago, Facebook Inc FB's Instagram launched its version of Snap Inc SNAP's Snapchat Stories.

The Facebook feature replicated one that was once exclusive to Snap and was dubbed a “clone” of Snapchat Stories.

Seamless implementation of the feature on Instagram’s platform, a much larger existing user base (700 million users), easier discoverability of content and profiles, and marketer’s familiarity with Facebook/Instagram’s native advertising has, in effect, given Snap some grief.

A year-long study by MediaKix examined the usage trends of top social media influencers on both Instagram Stories and Snapchat. Because influencers look to create content on platforms capturing the most audience, they can be excellent indicators for social media usage and trends on a broader scale.

The MediaKix study found that Snapchat usage has declined. Within the first six months of the of the Instagram Stories initial launch, the most well-known Snapchat influencers were using Instagram Stories 25 percent more than Snapchat Stories, averaging 5.3 Stories a day on Snapchat and 6.6 Stories a day on Instagram.

A year after Instagram Stories was launched, Snapchat Stories use has dropped 33 percent more among top influencers. Concurrently, Instagram Stories usage grew 14 percent. Snapchat influencers are now using Instagram Stories more than 50 percent more than Snapchat Stories, averaging 7.6 Stories a day on Instagram (vs. 3.5 Stories a day on Snapchat).

A drop in usage of Snapchat’s main feature by leading Snapchat influencers may be a major contributor to Snap’s declining financials and reputation.

Snap admits these faults itself. Pre-IPO, Snap mentions that it has been negatively impacted by unnamed copycats in its S1 Filing.

In its first earnings, Snap reported slowing download growth. Less than one-year after Instagram Stories’ launch, the number of daily active users on Snap Stories had been surpassed by that of Instagram Stories.

To combat a fall in Stories, Snap is finding other ways to generate revenue. In addition to developing hardware with Snap’s Spectacles, the company has been courting media companies to produce original shows on its platform. Most importantly, Snap is finally pursuing influencers with verification tools and discovery options. After all, influencer entertainment and content is a large part of what drives digital, social, and mobile audiences.

Related Links: Snapchat Rules With Teens, Poll Finds

Posted In: MediaKixNewsTech

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.