As Snapchat makes 20pc of staff redundant, it’s clear the social media boom is well and truly bust
ASSISTANT BUSINESS EDITOR
There’re a couple of billion people on Facebook. That’s more than have used the services of any single company ever before. TikTok is closing in on what is it? A billion users? WhaysApp is a billion again isn’t it?
This is bust?
Possibly the peak of a wave, could be competition shaking out the suppliers and all that. But bust?