![]() ![]() Google is ubiquitous in the daily lives of billions of people around the world, with leading positions in online search, maps, and other services. Visualizing Google’s Search Engine Dominance How have companies with exposure to the social media universe fared in 2020 so far? Social Media Under Trial?ĭespite the list of headwinds social media has faced, about half of the world is now on it-and there seems to be no end in sight for future growth. Potential acquirers include leaders Microsoft, Twitter, and Oracle. Headlines include privacy breaches with alleged ties to the Chinese Communist Party, a banning of the app by India Prime Minister Narendra Modi, and now, talks of a partial U.S. If any publicity is good publicity, then 2020 has been TikTok’s year. They no doubt have their work cut out for them as they continue to combat fake news and similar controversies on their platform. Twitter has been able to achieve profitability in the last two years, reporting net income figures of $1.2 and $1.5 billion in 20 respectively. ![]() The platform attracts a younger audience compared to Facebook and it has demonstrated an ability to remain versatile, specifically by implementing Instagram Stories and Reels.īusy schedules don’t seem to faze Jack Dorsey who has not one, but two CEO jobs in Twitter and Square. Instagram has been vital to Facebook’s success, since its $1 billion acquisition in 2012. The notion of community has taken on a different meaning in the digital age, and Reddit represents this transition with their ever-growing network of users. With 430 million MAUs relative to 330 million in 2018, the company continues to attract a larger audience. While such an event has not yet materialized, Reddit’s success certainly has. There have been whispers of a Reddit IPO on Wall Street for some time now. As part of the Tencent Holdings conglomerate, they belong to the BATX group that is seen to lock horns with America’s Big Tech. The biggest social platform in China, WeChat has flourished, now holding a whopping 1.2 billion MAUs. By the looks of it, the future of YouTube will be much more than just videos. Parent company Alphabet has invested in YouTube with new rollouts like YouTube Music (merged with what was once Google Music) and YouTube Premium-a bundled subscription-based platform providing music, ad-free content, and YouTube Originals.
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