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Adam Przezdziek / Flickr Creative Commons

A dozen analytics providers, social media celebrities, and talent managers TechCrunch spoke to have seen a decline in Snapchat Stories view counts ranging from 15% to 40% since Instagram Stories launched in August. Many also noted that users are posting much less frequently on Snapchat, opting for Instagram's Stories instead.

Our take: As TechCrunch points out, Snapchat removing the auto-advance feature, which automatically opened all of a user's friends' stories in a row, has definitely affected the number of Stories people are watching.

  • Instagram's success in ramping up with Stories is due in part to its massive scale. Stories already has 150 million daily users, out of Instagram's total of 600 million monthly active users.
  • Then there's what the Stories feature offers: non-permanence. Users and celebrities commonly say that posting on Instagram has them sweating over whether each photo is perfect. Many presumably turned to Snapchat to escape this, but now that they can have both through Instagram, why need Snapchat?

Why this matters: There is no doubt that analysts and bankers will—if they haven't already—ask Snapchat about this as it embarks on its IPO roadshow. The company is expected to publicly file to go public this week, and hit the public market in March.

Go deeper

Cuomo: "No way I resign" after sexual harassment accusations

Cuomo at a Feb. 24 press conference. Photo: Seth Wenig/pool/AFP via Getty Images

New York Gov. Andrew Cuomo (D) was defiant on Sunday, stating again that he would not resign even as more former aides have come forward with allegations of sexual harassment and inappropriate behavior.

The big picture: Cuomo has denied all sexual harassment allegations against him and said that he "never inappropriately touched anybody." He acknowledged in a statement that "some of the things I have said have been misinterpreted as an unwanted flirtation." Some of the calls for Cuomo to resign have come from within the Democratic party.

N.Y. Times faces culture clashes as business booms

Illustration: Sarah Grillo/Axios

New York Times columnist David Brooks' resignation from a paid gig at a think tank on Saturday is the latest in a flurry of scandals that America's biggest and most successful newspaper company has endured in the past year.

Driving the news: Brooks resigned from the Aspen Institute following a BuzzFeed News investigation that uncovered conflicts of interest between his reporting and money he accepted from corporate donors for a project called "Weave" that he worked on at the nonprofit.

America rebalances its post-Trump news diet

Illustration: Annelise Capossela/Axios

Nearly halfway through President Biden's first 100 days, data shows that Americans are learning to wean themselves off of news — and especially politics.

Why it matters: The departure of former President Trump's once-ubiquitous presence in the news cycle has reoriented the country's attention.