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Twitter a billion dollar company, a social network used by presidential candidates and tens of millions of people is a niche?? Do you understand the dictionary
by aub3bhat 10y ago
Twitter a billion dollar company, a social network used by presidential candidates and tens of millions of people is a niche?? Do you understand the dictionary meaning of the term "niche" if anything Twitter is opposite of it.
- gaius 10y agoThe entirety of Twitter is a subset of one feature of Facebook - that's why its referred to as niche.
- optimuspaul 10y agofeatures don't make it niche, user base does and twitters user base is anything but niche, it's potentially the connected whole world.
- frankydp 10y agoNiche: the situation in which a business's products or services can succeed by being sold to a particular kind or group of people or a specialized market Size is not necessarily a function of the word niche it only implies that the good or service being sold targets a group that is not a majority of all of the market participants. In twitters case 3.4B users on the internet, with only some subgroup that participates on social media and then only a subgroup of that group that wishes to participate with limited post length and then, business wise, just the business niche that have a large customer base within that subgroup of internet/social media/short form. As an example BMW is a niche business, luxury auto, that had 92B in revenue last year.
- optimuspaul 10y agototally agree. Twitter may have a limited set of features which may make it seem "niche", but it's market is basically everyone.
- wcummings 10y agoTwitter's niche is media types, for sure.