Discuss the current state of the advertising business as mentioned in the text.
What to Look for in Snap's 3rd-Qtr Earnings Report
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Business, Religious Studies, Other, Social Studies, Information Technology (IT), Architecture
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University
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Hard
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The video discusses the challenges faced by Snap in terms of user growth and advertising revenue, especially in the face of competition from Instagram. It highlights the impact of Instagram Stories on Snap's growth and the broader shifts in the advertising industry, where platforms like Facebook and Google dominate, leaving others struggling. Despite Snap's young user base, which is attractive to advertisers, the company has not yet capitalized on this potential.
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What are the implications of the struggles faced by traditional media platforms?
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