So, we have had numerous debates in tech-oriented discussions on which social networking app is going to rake in the millions and stay evergreen. And usually, I take the position of the anti-Suckerberg hero. Well, it seems I have been proven wrong.
https://techcrunch.com/2017/01/30/attack-of-the-c…
Seems like a growing number of the millennial and GenZ demographic are switching over to Instagram, due to provision of a larger number of features. Not to mention, Snap has been making some questionable decisions lately, by positioning itself as a hardware and 'camera' company. A fin, Snaps views are going down, IG's views are going up, and Facebook is ultimately winning on its investment. I have to confess, using IG as a novice was waaayyy easier for me, as opposed to using Snapchat. I had to literally call my 14yr old cousin and ask him how shit worked in Snapchat.
In other news, we have Lyft, which has surpassed Uber as the top downloaded TaaS app on the iStore. All because of a misstep on Uber's part.
https://techcrunch.com/2017/01/30/lyft-surges-to-…
Turns out socially media is having adverse effects on the IPO market, especially considering 2 tech titans have been bruised by it. Seems like Airbnb (once it resolves some of the legalese issues its facing) might be the strongest IPO in the near future. Would like people to express their views on this issue.
