Facebook, WhatsApp, Twitter, Instagram, Pinterest, YouTube,
Snapchat are all major social media platforms that many people use on a daily
basis. So what sets these social media giants apart from others? Why are these
platforms the ones we hear the most about and the ones that we use the most?
Let’s start
with Facebook. Facebook has 1.79 billion users that is approximately 440
million more people then populate the world’s most populated country of China.
It is the King of all social media platforms by a long shot with the app
WhatsApp being the next closest platform coming in at a measly 1 billion
monthly users, a slight 800 million user short monthly. The question has been asked time and time
again “Is Facebook too big to fail?” There are arguments on both sides and many articles point out the demise of
social media pioneer MySpace and its demise, but Facebook and most other large
platforms are doing things differently.
Facebook,
Snapchat and Twitter all made at least 2 major acquisitions in the year 2016.
Breathing new ideas and content into their platforms, according to Bufferapp.com, Facebook acquired MSQRD, a facial recognition
filter app, in an attempt to compete with Snapchat for the younger demographic.
Another thing these platforms are doing is launching new experiences on their
sites/apps to keep users engages. In 2016 Facebook launched, Marketplace, Facebook
Live, Reactions, and Instant Articles. Snapchat launched Memories and even a
physical product in Snapchat Spectacles.
Along
with acquisitions and launches these platforms are relying on the need people
have to connect a need that is not going to go away. They are creating spaces
for people to connect and share via virtual communities so all they need to
worry about is whether people will start wanting that connection somewhere
other than computer-mediated technology. Will they? Only time will tell.
What do you think Facebook could do to attract the rest of the population not using Facebook? I remember you telling the class you didn't have a Facebook account, what kept you from signing up?
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