You’re right. It’s a weaker position for Facebook though. Instagram is much more vulnerable to competition from Twitter, Snapchat, and YouTube than Facebook is

You’re right. It’s a weaker position for Facebook though. Instagram is much more vulnerable to competition from Twitter, Snapchat, and YouTube than Facebook is. Facebook is super defensible. No other company has a network like that. If interest shifts from fb to ig then Facebook’s moat is a lot smaller.