Quote (Thor123422 @ 26 Jun 2019 06:58)

Facebook has a huge share, but it overlaps with the user-base of twitter, youtube, etc. so heavily that you can't really say any of them have anything close to a monopoly. We're beyond a time when concepts like monopoly and market share are useful.

Quote (Black XistenZ @ Jun 25 2019 11:04pm)

"Market share is no longer a useful metric" - Thor, circa 2019. ^_^

For real: note that I always say: monopoly within one field of social media. Youtube is the (quasi-)monopolist on video-based social media, instagram is the (quasi-)monopolist for image-based social media, twitter owns short-message-based social media, and facebook dominates the board- and community-based version of social media. Note that those fields all belong to social media, but are no substitutes for one another. Youtube cannot substitute what facebook does and vice versa, etc. pp.

Quote (Thor123422 @ 26 Jun 2019 07:17)

Facebook honestly competes in all of those fields except video hosting, and Youtube has several competitors that allows much more lax copywrite rules. it's pretty common to see messages like "Youtube took my video down, see this Vimeo link for the current upload".

To calculate things as a percentage of social media market how would you do it? Number of messages? Users? Accounts? If you break it too much like "short versus long messages" then it just seems like you're really stretching differences to force a monopoly.

Quote (Black XistenZ @ Jun 25 2019 11:38pm)

You 're probably right when it comes to videos and youtube, where there indeed are enough competitors like vimeo, dailymotion and such. At least for viewers. Not sure if any of those other sites offer nearly the same kind of monetization model for content creators though.

But my point stands for facebook, instagram and twitter.

Quote (Thor123422 @ 26 Jun 2019 07:46)

Your point arguably stands the least for those. Facebook directly competes with twitter for "short messages", so much that when Twitter got popular it was criticized for being "facebook but less".

Isnt Instagram owned by facebook though?

Quote (Black XistenZ @ Jun 25 2019 11:49pm)

yep, just like youtube is owned by google. which only makes things worse.

I dont buy into the twitter and facebook being direct competitors pov. Sure, there is some overlap, but in my experience, it's not thaaaat big.

Quote (Thor123422 @ 26 Jun 2019 08:51)

As the consolidate you will have a better argument for sure, but for now I don't find it terribly convincing. However Google did just shut down Google+, so in some sense it just went slightly in the other direction.

It's not that big? Have fun finding a company that has a twitter that doesn't also have a facebook page, and vice versa. Most posts on Facebook would also fit on twitter. Honestly Twitter is really just facebook but only short posts. Facebook occupies all of twitter's space, and then some.

Quote (Black XistenZ @ Jun 26 2019 02:02am)

That even Google was not able to launch a successful competitor to facebook reinforces my point about social media's natural tendency towards monopolies.

The key difference between twitter and facebook imho is that facebook is a lot better for socializing with your friend circle(s) and family, while twitter is better for succinct communication with outside groups.

Quote (cambovenzi @ Jun 26 2019 11:30am)