Shares of Snap Inc. were falling 2.5% Tuesday after its competitor Instagram said that it has grown its audience for Instagram Stories to 250 million daily active users, up from 200 million in April. Instagram, owned by Facebook Inc. , launched its Instagram Stories, in which users can post photos or videos for 24 hours with effects, in August 2016. Snap offers a similar feature set but had 166 million daily active users as of May. Shares of Facebook were down less than 1% Tuesday.
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From:: Stock Market News