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Is there really a bubble? The players look fairly solidified to me. You have Facebook, which might not be as cool in all countries with younger users, and has
by Kaveren 8y ago
Is there really a bubble? The players look fairly solidified to me.
You have Facebook, which might not be as cool in all countries with younger users, and has had a lot of controversy surrounding fake news, election influence, and privacy, but it's doing well.
You have Instagram, which is doing very well, was a great Facebook acquisition, helping their parent company even more.
You have Twitter, which seems to be struggling by, and is still very relevant.
Reddit is doing very well if you can even call it social meddia.
Apps like Yik Yak, Whisper, Snapchat, and such all seem to have been going downhill or are gone for some time now. But I think the players we have are here to stay.
- mcintyre1994 8y agoReddit is certainly trying to pivot toward social media, with probably the least enthusiasistic and most hostile user base for that change they could possibly have.
- artursapek 8y agoThe magic of reddit has always been in its detachment from real-world social structure. Reddit is successful because it grouped users by common interests and eliminated the burden of having your real identity associated with your online alter-ego. If they ruin that in an effort to sell more ads, it will be a sad loss.
- dbbk 8y agoReddit has always been social media, unless you're thinking of a different definition of it?
- askafriend 8y agoYou've also got LinkedIn which is doing well by all accounts (even after the Microsoft exit). And Nextdoor which is much younger but cemented itself with steady growth and a unique network. I don't think any of these companies will have trouble making substantial money at scale for the foreseeable future. Snap's problems are unique to Snap.
- dbbk 8y agoI think what people forget, or don't really consider, is that a third of the human race alive today is a monthly active user of Facebook. Yes, they're doing well.