Snapchat Banned in Russia, Exacerbating Flat Growth and Loss of Users

Snapchat banned in Russia due to alleged use by terror groups, adding to the platform's struggles. The ban, along with Australia's under-16 social media ban, is expected to lose Snapchat half a million users. Snapchat's growth has already flatlined in key markets, and the company is focusing on its AR advances, including the upcoming launch of AR-enabled Spectacles. However, this may not be successful, as Meta's Orion AR device is expected to be released next year and could supersede Snapchat's AR glasses.