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Making a Twitter-like service profitable is difficult. To attempt it, you need (1) Network effects (2) Infrastructure competency I think Facebook can provide
by QuantumGood 3y ago
Making a Twitter-like service profitable is difficult. To attempt it, you need
(1) Network effects
(2) Infrastructure competency
I think Facebook can provide these faster at a higher level than anyone else who is attempting it. For profit, things that would help include:
(1) No need for profitability
(2) Profit synergies with an existing business
Again, Facebook is a strong competitor here. They can start at #1 and integrate to achieve #2
To get people to switch from Twitter to your service it helps to have:
(1) Brand recognition
(2) Also be a social network
(3) A marketing budget
However, I think getting people to switch is the hardest part for any network; it's affected by many factors. There is also the consideration of getting them to switch, stay, and not be pulled away by a future competitor.
- afavour 3y agoFacebook can provide network effects but by leveraging your existing social graph. To me it feels like there’s a risk they’ll just cannibalise social activity on their existing apps rather than create a lot of new activity. Twitter with my Instagram friends won’t feel like Twitter.
- rumblerock 3y agoIf only a small % of Meta's users start using the app, it'll quickly become an audience too big to ignore. Anyone with Twitter clout will have to maintain a presence there, and being there on Day 1 is an opportunity for them to possibly get more clout.