Page 79 - November 2020
P. 79

Charting the Course
                 Firstly, let us analyze how the social networks fare from the angle of monthly active users (MAU). The unit of MAU is     WHATSAPP ON THE                  has garnered a substantial 1.2 billion   has been noticeable. An increase of
                 an industry metric widely used to gauge the success of social platforms and is given in millions in the chart below:
                                                                                                                                           HORIZON                          users! WeChat has grown to be a   110 million AMUS in comparison to
                                                                                                                                           Another shrewd investment of     super app within Chinese territories   2018, the network progresses to
                                               MAUs In Millions                                                                                                             and this has contributed much to   attract large audiences. The
                                                   694                                                                                     Facebook amounting to USD 19
                                               Country of Origin                                                                           billion has paid off dividends   their growth. They belong to the BatX   community based transition of the
                                                 China                                                                                     multifold by the acquisition of   Group and Tencent Holdings which   digital age is representative in
                                                        8                         MAUs In Millions                                         Whatsapp. 45 million messages are   target to battle with the big tech of   Reddit’s growing network of users.
                      MAUs In Millions                                            550                                                      sent off in a minute, that is,   the USA.
                          694                                             9       Country of Origin                                                                                                          BLURRY OUTLOOK FOR
                     Country of Origin                                            China                                                    approximately 65 billion overall in a
                        China                                MAUs In Millions                                                              day through this messaging       IN FOCUS WITH                    SNAPCHAT
                                         7                     260                                                                         platform. Whatsapp retains a second   INSTAGRAM                   Snapchat comes in the lower half of
                                                              Japan
                                                  MAUs In Millions  Country of Origin                           Source: Statisa, eMarketer, CNET , Business of Apps  spot among the top MAUs list for the   It’s an amazing feat that 4 of the top   the top 20 and Snapchat chief, Evan
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                                                  Country of Origin                  10                                                    Facebook corporation with its global   6 social media platforms should go to   Spiegel has paddled through murky
                                                      U.S.                 MAUs In Millions                                                and active use.                  Facebook Corporation and Instagram   waters since their 2017 IPO. Their
                                                                           187
                                                               17          Country of Origin  MAUs In Millions                                                              is an obvious winner. Attracting   stock price slumped near $4 in 2018,
                                                                      18   Japan              517
                                                      16                                      Country of Origin                            SAILING HIGH ON                  younger audiences with over a billion   highlighting low investor confidence
                                6                                         19                  China                                        YOUTUBE                          MAUs, Insta, as it is known to its   based on the introduction of
                                                                                                                                                                            users continues to fare well against
                                                                                                                                                                                                             Instagram Stories. However
                                                                                                                                           Alphabet takes a top 3 ranking on
                                                                              157
                  MAUs In Millions                 15              #          MAUs In Millions  11                                         the social media platform wall of   its competitors like Snapchat and   presently, the stock has advanced
                     1,082                                                    Country of Origin                                            fame of 2020 with Youtube. YouTube   TikTok with similar competitive   past the $20 mark, although there is
                                                                              China
                  Country of Origin        MAUs In Millions             20                                                                 doesn’t only vie for online eyeballs   features. It’s 2012 USD 1 billion   still long-term uncertainty regarding
                                           326
                      U.S.                 Country of Origin                                                                               but with television and other    takeover seems to be keeping     monetization and profitability.
                                           U.S.                                                 MAUs In Millions                           streaming sites too. The web-based   Facebook in the right track of the
                                                                                                430
                                                                       MAUs In Millions         Country of Origin                          video sharing site boasted nearly   social media race.            TWITTER ON STRANGER
                                                                                                U.S.
                                                                          140
                              5                        14             Country of Origin  12                                                doubled its revenues from 2017 to                                 TIDES
                                                                          U.S.
                                                                                                                                           USD 15.1 billion in 2019. In the race   TIKTOK EXPLOSIONS AND     The CEO of twitter, Jack Dorsey
                                               MAUs In Millions
                                               367                                                                                         over the high seas of social media,   IMPLOSIONS                  manages busy schedules well with
                                               Country of Origin   13
                  MAUs In Millions             U.S.                                                                                        Youtube has enabled Alphabet to   With over 800 million MAUs TikTok   his dual role as CEO of both Twitter
                     1,203                                                           MAUs In Millions
                  Country of Origin                                     MAUs In Millions  400                                              keep up the battle for supremacy   has been bombing for the right and   and Square. Twitter has managed to
                     China                                              397          Country of Origin                                     with it’s easy sharing of music,   wrong reasons. A huge hit in India   become profitable for the last 2
                                                                        Country of Origin  Russia                                          content and more. Alphabet has   (99.8 million downloads), USA (45.6   years. Their reported income figures
                                      4                                 U.S.                                                               rolled out new investments like   million downloads) and Brazil (34.7   were $1.2 and $1.5 billion in 2018
                  Messenger                                                                                                                YouTube Music and YouTube        million downloads) this social   and 2019 respectively. However, they
                    MAUs In Millions                                                                  1                                    Premium—a bundled                dynamite exploded for the wrong   are still under scrutiny as they
                       1,300                                                                                                               subscription-based platform      causes as India was among several   continue to combat fake news and
                    Country of Origin
                          U.S.                       3                                               MAUs In Millions                      providing music, ad-free content, and   other nations that banned TikTok   similar controversies as Facebook on
                                                                                                     2,603
                                                                                                                                           YouTube Originals. YouTube has set
                                                                                                                                                                                                             their platform.
                                                                                                                                                                            citing security reasons.
                                                                          2                          Country of Origin                     its sight to become much more than   Nevertheless, TikTok has been able to     GOING UP THE LADDER
                                                                                                     U.S.
                                                                                                                                                                            prove that any publicity can be good
                                                                                                                                           merely a visual content platform.
                                      MAUs In Millions 2,000         MAUs In Millions 2,000                                                                                 publicity. In that sense 2020 has   WITH LINKEDIN
                                       Country of Origin U.S.         Country of Origin U.S.                                               MESSENGER NOT MISSING            been TikTok’s year as they may be   As the globe’s prominent social
                                                                                                                                           THE RIGHT SPOTS                  able to turn explosions or implosion   platform for professional
                  The table shows a very skewed representation of the territory in the platform space. USA based firms clearly lead        Messenger has kept Zuckerberg’s   into positive opportunities. They are   development and career connectivity
                                                                                                                                                                            now in talks of a partial U.S.
                  the race for ranking ahead in terms of looting the riches of the users’ hearts. China fares a distant second followed    Facebook corporation in the top 4 too   acquisition. The potential acquirers   it ranks as #16 on the 2020 rank of
                  by Russia and Japan. Let’s explore and discover what makes these top platforms so alluring to the online                 even though the instant messaging   include leaders Microsoft, Twitter,   the Social Media dominators. It was
                  adventurer, as well as some of the frozen ice mass they have to steer clear off.                                         app has recently detached itself from                             Microsoft’s biggest acquisition in
                                                                                                                                           its parent Facebook namesake. With   and Oracle.                  history, costing USD 26 Billion and
                                                                                                                                           1300 million MAUs, Messenger and                                  currently gives the software Giant
             FACEBOOK THROUGH THE              Indonesia’s 140 million, Brazil 130   Facebook’s ads which takes its hit on                 Whatsapp are doing a great job of   REDDIT                        310 million MAUs on the social
                                                                                                                                                                            TO GO
             LOOKING GLASS                     million and Mexico 89 million MAUs.   revenue. The company is also                          dominating the world of texting and   A little less prominent in this part of   media space.
                                                                                                                                           calling.
             The Facebook group’s flagship network   Without counting home soil, it is   struggling to fend off the spread of                                               the world, but Reddit is a global   VIVACIOUSLY
             is slowly capitalizing toward the 3   apparent that the namesake network of   misinformation and this may have an             WECHAT TOGETHER (IN              contender in terms of MAUs (they
             billion MAU point. It is a milestone that   Mark Zuckerberg’s Facebook Corporation   effect on public relations.                                               have 430 million in 2020). This has   VIBER
             very few other platforms can dream to   has benefited greatly from users in   Surprisingly this social media                  CHINA)                           given scope for talk on a potential   Passing over 250 million MAUs,
             compete with. Their biggest market has   middle income developing nations.  behemoth’s stock price continues to               With support from the Chinese    Reddit IPO on Wall Street for quite a   Viber remains a hot property for its
             been on foreign soil with India and it’s   The company has had its hands busy   reach new highs while the traditional         government in keeping foreign    while. Although it has not come to   parent Rakuten as subscribers off
             290 million MAUs. This is closely   though. A number of prominent   economy faces less than greyer                            entities like Facebook out, China’s   fruition, Reddit’s triumph certainly   the app's benefits for its calling and
             followed by the USA’s 190 million,   organizations are boycotting   forecasts.                                                prime messaging platform WeChat                                   texting services.
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