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barnimages.com

A new App Annie report out Tuesday commissioned by Snap in response to the same non-commissioned report earlier this spring shows surprisingly better than expected results for the "camera" company.

By the numbers: 48% of daily U.S. Snapchat users can't be found on Instagram, as well as 40% on Facebook, and 80% on Twitter. The previous report, summarized by Bloomberg, found that 46% of daily U.S. Snapchatters can't be found on Instagram.

Why it matters: This data shows that social media isn't always a zero-sum game, and people use popular apps differently. This especially rings true for Snap's younger audience that seems to have migrated away from Facebook and Twitter. Expect Snapchat to lean on these stats as they communicate their value to advertisers and investors moving forward.

Go deeper

Dion Rabouin, author of Markets
Updated 3 hours ago - Economy & Business

Our make-believe economy is here to stay

Illustration: Eniola Odetunde/Axios

The Federal Reserve and global central banks are remaking the world's economy in an effort to save it, but have created something of a monster.

Why it matters: The Fed-driven economy relies on the creation of trillions of dollars — literally out of thin air — that are used to purchase bonds and push money into a pandemic-ravaged economy that has long been dependent on free cash and is only growing more addicted.

Mike Allen, author of AM
4 hours ago - Politics & Policy

Why Trump may still fire Barr

Photo: Jabin Botsford/The Washington Post via Getty Images

Attorney General Barr may be fired or resign, as President Trump seethes about Barr's statement this week that no widespread voter fraud has been found.

Behind the scenes: A source familiar with the president's thinking tells Axios that Trump remains frustrated with what he sees as the lack of a vigorous investigation into his election conspiracy theories.

Mike Allen, author of AM
4 hours ago - World

Scoop: Trump's spy chief plans dire China warning

Xi Jinping reviews troops during a military parade in Beijing last year. Photo: Thomas Peter/Reuters

Director of National Intelligence John Ratcliffe on Thursday will publicly warn that China's threat to the U.S. is a defining issue of our time, a senior administration official tells Axios.

Why it matters: It's exceedingly rare for the head of the U.S. intelligence community to make public accusations about a rival power.