Podcast
Questions and Answers
What was Facebook's stated position regarding the role of its platform in determining truth, before January 2021?
What was Facebook's stated position regarding the role of its platform in determining truth, before January 2021?
- Facebook should focus on verifying the authenticity of all user-generated content.
- Facebook should actively promote politically neutral content.
- Facebook should not be the arbiter of truth. (correct)
- Facebook should be the primary arbiter of truth.
What specific event prompted Facebook to suspend Donald Trump's account?
What specific event prompted Facebook to suspend Donald Trump's account?
- A mob stormed the Capitol Building (correct)
- The implementation of new measures to limit the spread of misinformation about the Covid-19 vaccine.
- The Cambridge Analytica scandal.
- Antitrust litigation by the FTC.
What was a major reason Facebook was sued for antitrust violations?
What was a major reason Facebook was sued for antitrust violations?
- Its use of AI to recommend news stories.
- Its policy to limit the spread of misinformation about the Covid-19 vaccine.
- Facebook's attempt to be the arbiter of truth.
- Its alleged monopolization of social networking. (correct)
What potential motivation was suggested for Facebook's technical integration of Instagram, WhatsApp, and Messenger?
What potential motivation was suggested for Facebook's technical integration of Instagram, WhatsApp, and Messenger?
Why was the $5 billion fine imposed on Facebook considered by many as ineffective?
Why was the $5 billion fine imposed on Facebook considered by many as ineffective?
What made it difficult to enter the social networking market after Facebook became the main player?
What made it difficult to enter the social networking market after Facebook became the main player?
Who founded ByteDance, the company that owns TikTok?
Who founded ByteDance, the company that owns TikTok?
What was Zhang Yiming's first major success before TikTok?
What was Zhang Yiming's first major success before TikTok?
What was Facebook's approximate ARPU in Asia during Q4 2020?
What was Facebook's approximate ARPU in Asia during Q4 2020?
Between 2018 and 2020, which age demographic experienced the fastest average annual growth on Snapchat in the U.S.?
Between 2018 and 2020, which age demographic experienced the fastest average annual growth on Snapchat in the U.S.?
According to the content, what was a key reason for Snapchat's decision to open directly to the camera?
According to the content, what was a key reason for Snapchat's decision to open directly to the camera?
What are the two main categories of Snapchat's advertising offerings mentioned in the text?
What are the two main categories of Snapchat's advertising offerings mentioned in the text?
What did Spiegel report regarding viewership among users 35 years and older after adding new content?
What did Spiegel report regarding viewership among users 35 years and older after adding new content?
Which of the following best describes Snap Inc.'s long-term ambition as stated in its 2017 IPO prospectus?
Which of the following best describes Snap Inc.'s long-term ambition as stated in its 2017 IPO prospectus?
On the 'social' side of Snapchat's advertising, what could advertisers purchase to increase their visibility?
On the 'social' side of Snapchat's advertising, what could advertisers purchase to increase their visibility?
What was Snap's strategic move in anticipation of AR glasses becoming the primary way people access digital services?
What was Snap's strategic move in anticipation of AR glasses becoming the primary way people access digital services?
What was Snap's (formerly Snapchat) primary source of revenue in 2015?
What was Snap's (formerly Snapchat) primary source of revenue in 2015?
What was the approximate market value of Snap when it closed on its first day of IPO in March 2017?
What was the approximate market value of Snap when it closed on its first day of IPO in March 2017?
What was a significant factor that caused Snap's share price to fall shortly after its IPO?
What was a significant factor that caused Snap's share price to fall shortly after its IPO?
What was the immediate impact of the Snapchat app redesign in 2017 on daily active users (DAU)?
What was the immediate impact of the Snapchat app redesign in 2017 on daily active users (DAU)?
What prompted Snap to reverse the redesign of its app in 2018?
What prompted Snap to reverse the redesign of its app in 2018?
What factor significantly contributed to Snap's user growth acceleration in 2020?
What factor significantly contributed to Snap's user growth acceleration in 2020?
By how much did Snap's revenue increase year-over-year (YoY) in Q4 2020?
By how much did Snap's revenue increase year-over-year (YoY) in Q4 2020?
What was a concern noted by Snap bears, despite the company's growth in 2020?
What was a concern noted by Snap bears, despite the company's growth in 2020?
What did a tech journalist at Wired describe experiencing?
What did a tech journalist at Wired describe experiencing?
According to Nicole Greene, what is the result of the saturation of social media platforms?
According to Nicole Greene, what is the result of the saturation of social media platforms?
What is the format of 'rooms' on the Clubhouse platform?
What is the format of 'rooms' on the Clubhouse platform?
What was the significant event that followed Mark Zuckerberg's appearance in a Clubhouse room?
What was the significant event that followed Mark Zuckerberg's appearance in a Clubhouse room?
What action did the FTC take against Snapchat in 2014?
What action did the FTC take against Snapchat in 2014?
Why did Snapchat receive less criticism than other platforms regarding content moderation?
Why did Snapchat receive less criticism than other platforms regarding content moderation?
What led to Snapchat's market capitalization falling by $1 billion in 2018?
What led to Snapchat's market capitalization falling by $1 billion in 2018?
What did Spiegel consider as the best defense against competing platforms like Facebook and TikTok?
What did Spiegel consider as the best defense against competing platforms like Facebook and TikTok?
According to Exhibit 8, how do US social media users generally view social media advertising?
According to Exhibit 8, how do US social media users generally view social media advertising?
What was a crucial aspect of Snapchat's initial growth, as referenced in the endnotes?
What was a crucial aspect of Snapchat's initial growth, as referenced in the endnotes?
According to the endnotes, what was a significant event related to Snap's financials in 2020?
According to the endnotes, what was a significant event related to Snap's financials in 2020?
Based on the provided endnotes, what publication featured an article discussing whether Snapchat was 'doomed'?
Based on the provided endnotes, what publication featured an article discussing whether Snapchat was 'doomed'?
Which of the following does an endnote indicate as offering insight into the inside story of Snapchat's early days?
Which of the following does an endnote indicate as offering insight into the inside story of Snapchat's early days?
According to the endnotes, what did a CNN Business report discuss about Snap's IPO?
According to the endnotes, what did a CNN Business report discuss about Snap's IPO?
Based on the provided endnotes, which publication included an article titled 'Get Rich U.'?
Based on the provided endnotes, which publication included an article titled 'Get Rich U.'?
According to the provided endnotes, what publication featured an article that covered 'Indiscreet Photos, Glimpsed Then Gone'?
According to the provided endnotes, what publication featured an article that covered 'Indiscreet Photos, Glimpsed Then Gone'?
What strategy is being challenged by the FTC and US States in their antitrust lawsuit against Facebook?
What strategy is being challenged by the FTC and US States in their antitrust lawsuit against Facebook?
Who called for the breakup of Facebook in a New York Times opinion piece?
Who called for the breakup of Facebook in a New York Times opinion piece?
What was the focus of Evan Osnos's article regarding Mark Zuckerberg?
What was the focus of Evan Osnos's article regarding Mark Zuckerberg?
What aspect of Snapchat's audience does the provided content discuss?
What aspect of Snapchat's audience does the provided content discuss?
What event occurred regarding Facebook's performance around Q2 2020?
What event occurred regarding Facebook's performance around Q2 2020?
Flashcards
Facebook's stance on truth
Facebook's stance on truth
Facebook's stance that they should not be responsible for determining the truthfulness of content.
Facebook's suspension of Trump
Facebook's suspension of Trump
The act of suspending Donald Trump's Facebook account in 2021, following the Capitol riot.
Facebook's measures against vaccine misinformation
Facebook's measures against vaccine misinformation
Measures implemented by Facebook to limit the spread of misinformation about the Covid-19 vaccine.
Antitrust litigation against Facebook
Antitrust litigation against Facebook
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Facebook's integration of messaging apps
Facebook's integration of messaging apps
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Barriers to entry in social networking
Barriers to entry in social networking
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Toutiao: ByteDance's News App
Toutiao: ByteDance's News App
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Zhang Yiming: ByteDance's Founder
Zhang Yiming: ByteDance's Founder
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Snap's IPO
Snap's IPO
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Snap's Stock Dip
Snap's Stock Dip
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Snapchat Redesign
Snapchat Redesign
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Snapchat and COVID-19
Snapchat and COVID-19
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Snapchat's DAU Growth (2020)
Snapchat's DAU Growth (2020)
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Snapchat's Revenue Growth (2020)
Snapchat's Revenue Growth (2020)
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Snapchat's Unprofitable Users
Snapchat's Unprofitable Users
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Snap's Path to Profitability
Snap's Path to Profitability
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Digital Déjà Vu
Digital Déjà Vu
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Niche Disruption
Niche Disruption
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Clubhouse
Clubhouse
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Content Moderation
Content Moderation
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Privacy in Social Media
Privacy in Social Media
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Curation on Social Media
Curation on Social Media
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Age-Gated Content
Age-Gated Content
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Trivialization
Trivialization
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ARPU (Average Revenue Per User)
ARPU (Average Revenue Per User)
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Augmented Reality (AR)
Augmented Reality (AR)
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Snapchat's AR Strategy
Snapchat's AR Strategy
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Snapchat Advertising Categories
Snapchat Advertising Categories
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Snapchat "Social" Ads
Snapchat "Social" Ads
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Snapchat "Media" Ads
Snapchat "Media" Ads
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Snapchat Camera
Snapchat Camera
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Facebook's 'Buy or Bury' Strategy
Facebook's 'Buy or Bury' Strategy
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Facebook's 'Copycat' Approach
Facebook's 'Copycat' Approach
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Snapchat's Targeting of Older Users
Snapchat's Targeting of Older Users
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Antitrust Lawsuit Against Facebook
Antitrust Lawsuit Against Facebook
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Facebook's Threat to Democracy
Facebook's Threat to Democracy
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Breaking up Facebook
Breaking up Facebook
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Social Media User Base
Social Media User Base
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User-Ad Relationship
User-Ad Relationship
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Impact of Advertising
Impact of Advertising
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Social Media War
Social Media War
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Social Media Giants
Social Media Giants
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Data Collection in Social Media
Data Collection in Social Media
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Targeted Advertising
Targeted Advertising
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Social Media Advertising
Social Media Advertising
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Study Notes
Social Media War 2021: Snap vs. Facebook vs. TikTok
- Snap, a social media company, faced competition from Facebook and TikTok in 2021. Snap struggled with declining user numbers and losses following its IPO in 2017. Facebook had a massive user base (almost 3 billion) and TikTok had gained over 700 million users in three years. Snap ended 2020 with 265 million users.
Snap's Early Days
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Spiegel, Brown, and Murphy founded Snapchat in 2011. It was initially a website where photos disappeared after a set time. They re-launched it as Snapchat in 2011. It was popular with younger users due to disappearing messages and augmented reality features. Facebook tried to copy successful Snap features.
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Snapchat's success was based on its ephemeral messages, Stories, and AR Lenses. Early users found workarounds to use features.
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In April 2012, Snapchat raised funding, and Spiegel dropped out of Stanford University to focus on the app full time. By October 2012, it was sending 20 million "snaps" per day.
Snapchat Features
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Stories were a key feature, allowing users to post pictures and videos for 24 hours. This feature evolved into a section where user could watch others' stories and short videos.
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Filters were visual effects and graphics users could add to Snaps.
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Lenses were AR features that added effects to the user's face or surroundings. These were monetized.
Snapchat's Business Strategy
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Snap focused on a different approach to social media, with a divided feed separating chat and stories.
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Snap faced challenges in merchandising and organizing content efficiently.
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Snap incorporated cloud computing services like AWS and Google Cloud Platform enabling easy scaling.
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Snap invested in research and development (R&D) across product development, advertising technology, and infrastructure efficiency.
The Competition
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Facebook: Facebook's News Feed (a shared update feed of content) was a popular platform with approximately 2.7 billion monthly active users (MAUs) in 2020. Revenue was dominated by advertising and data analysis to identify user demographics. Controversies related to fake news and privacy concerns (Cambridge Analytica, etc.).
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Instagram: A rapid growth in user base due to its popularity with a younger generation (under 35).
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WhatsApp: A messaging app with features for sending photos, videos, and making calls via a mobile phone number. acquired in 2014.
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Pinterest: An image-sharing platform enabling users to create and follow boards of images based on topics.
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TikTok: TikTok, owned by ByteDance, quickly gained popularity with a simple interface and addictive video content. It was challenged due to national security concerns about data handling.
Snap IPO and Future
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Snap's IPO in 2017 valued the company at $28.3 billion.
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Snap's user growth slowed in subsequent quarters due to app redesign issues and media comparisons. The app redesign was met with user disapproval.
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The coronavirus pandemic (2020) boosted Snap's user growth.
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Snap focused on new markets and older demographic users to increase revenue.
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Snap focused on additional revenue streams (non-advertising revenue) and differentiated features through augmented reality (AR).
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