Finally, platforms benefit from economies of scale — it’s cheaper to acquire resources like storage and bandwidth in bulk. And with network effects, which make larger platforms more useful, you have a recipe for consolidation. Even in self-consciously decentralized systems like Bitcoin, there has been a natural consolidation toward super-participants like large mining pools and exchanges. Market consolidation is also driven by user-targeted advertising models, which encourage hoarding of user views and data, discourage interoperability, and drive platforms to become ever larger.
In America, a survey reported that 84 percent of adolescents in America have a Facebook account. Over 60% of 13 to 17-year-olds have at least one profile on social media, with many spending more than two hours a day on social networking sites. According to Nielsen, Internet users continue to spend more time on social media sites than on any other type of site. At the same time, the total time spent on social media sites in the U.S. across PCs as well as on mobile increased by 99 percent to 121 billion minutes in July 2012 compared to 66 billion minutes in July 2011. For content contributors, the benefits of participating in social media have gone beyond simply social sharing to building a reputation and bringing in career opportunities and monetary income.
Jump up ^ Kim, Angella J.; Johnson, Kim K.P. (2016). “Power of consumers using social media: Examining the influences of brand-related user-generated content on Facebook”. Computers in Human Behavior. 58: 98–108. doi:10.1016/j.chb.2015.12.047.
5. Renren. Literally translating into “everyone’s website,” Renren is China’s largest social platform. Hugely popular with the younger crowd, it works in a way similar to Facebook, allowing users to share quick thoughts, update their moods, connect with others, and add posts or ideas to a blog-like stream.
Brian Fanzo talks fast and tweets faster. HIs #ThinkLikeAFan philosophy has powered first-of-their-kind storytelling campaigns for many Fortune 50 enterprise companies leveraging Periscope, Snapchat, and Facebook Live under the username @iSocialFanz. He was awarded…
Here you can see post break downs of text, images and video to see what your competitors are doing to drive the most engagement. Once you dig through the competitive analysis, you’ll have a better idea of what your potential customers want.
These are just general guidelines for these five social media platforms. (There are many others, with more niche audiences). Each person’s experience and success rates with using social media in his or her career will vary. It’s more of an art than a science, and changing algorithms and technology (and whims of other users) are in constant flux.
In a world where Instagram likes can dictate social standing and cyberbullying abounds, Snapchat was able to capitalize on its younger users’ need for authenticity. While Instagram is all about making a moment look perfect, Snapchat is about sharing whatever is happening right now — awkward selfies, blurry videos, silly faces and all.
Still, I’d put its chances of reversing this decline in original sharing roughly on par with those of a MySpace comeback. You can tweak the parameters of an algorithm to show people better news stories, better reflect their tastes, or even make them happy or sad. But there’s no knob you can dial to restore their trust.
Social media marketing (SMM) is a form of Internet marketing that utilizes social networking websites as a marketing tool. The goal of SMM is to produce content that users will share with their social network to help a company increase brand exposure and broaden customer reach.
While there are groups and and forums on other networks that are devoted to these interests, focusing solely on a single area of interest allows these networks to deliver an experience tailor-made for the wants and needs of the people and communities who share that interest. For example, on Houzz, home designers can browse the work of other designers, create collections of their own work, and connect with people looking for their services.
Flickr, pronounced “Flicker,” is an online image and video hosting platform that was created by the then Vancouver-based Ludicorp on February 10, 2004, and later acquired by Yahoo in 2005. The platform is popular with users who share and embed photographs. As of October last year, Flickr had more than 112 million users and had its footprint in more than 63 countries. An average of a million photos are shared daily on Flickr.
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