That figure soundly beats Bloomberg's estimate of Twitter's 136 million daily users derived from the service's publicly announced 310 monthly active users and Twitter's announced estimates of how many of those use the service on a daily basis .

In recent years, Snapchat's basic functionality—of auto-deleting messages and posts while connecting friends to photo and video feeds—has expanded.

Twitter CEO Jack Dorsey appeared at this week's Code Conference on Wednesday, wearing a T-shirt emblazoned in the phrase " keepwoke."

He was asked about burgeoning services like Snapchat—particularly in the context of viral social movements such as Black Lives Matter.

"It's recognizing that we're going to press buttons less and gesture more."

The executive said this setup paled compared to Snapchat's interface.

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