The Snapchat app is getting ready for a redesign as the company scrambles to stay relevant

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The application’s parent company, Snap, has seen striking losses, including $40 million gone to the Spectacles. The Snapchat app remains a very popular app among smartphone users, but its stock has dropped to a record low amid stiff photo sharing application competition. Instagram Stories has been carving its own place in the “disappearing photos” domain. That said, its progress has been to the detriment of Snapchat. The brand’s Spectacles, a type of wearable technology glasses meant to take pics for the app, were a flop. Struggles the Snapchat app was…

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