social media app – Oyelabs – Driving Business Value https://oyelabs.com Customized On-Demand Delivery Solutions Thu, 22 May 2025 11:23:50 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.2 https://oyelabs.com/wp-content/uploads/2020/05/cropped-imgpsh_fullsize_anim-1-32x32.png social media app – Oyelabs – Driving Business Value https://oyelabs.com 32 32 Why Develop a Facebook-Like Social Media App in 2025? https://oyelabs.com/why-build-a-facebook-like-social-media-app/ https://oyelabs.com/why-build-a-facebook-like-social-media-app/#respond Fri, 21 Feb 2025 10:45:04 +0000 https://oyelabs.com/?p=47698 Social media has become an integral part of everyday life, with platforms like Facebook, Instagram, and TikTok shaping digital interactions. As we step into 2025, the demand for new and innovative social media platforms continues to grow. Entrepreneurs and businesses are exploring opportunities to build Facebook-like social media apps that offer unique features and cater to evolving user expectations. With over 5 billion internet users globally, the potential to create a thriving platform is immense. Developing a social media app in 2025 presents lucrative business prospects, given the constant evolution of social networking trends, advancements in technology, and changing user behaviors. From monetization models to personalization through AI, the social media industry is ripe for innovation. This blog explores the key reasons why launching a Facebook-like app in 2025 is a strategic business move, the challenges, and how to overcome them with the right approach. The Growing Demand for Social Media Platforms Increased Digital Engagement The world is becoming more digitally connected, with social media platforms seeing exponential growth in active users. Statistics indicate that by 2025, the number of social media users is projected to exceed 5.24 billion. This growth is fueled by: Rising smartphone penetration Improved internet connectivity Increased demand for digital communication Expansion of social commerce and influencer marketing Businesses, content creators, and individuals rely on social media for communication, entertainment, and commerce, making it an opportune time to develop a new platform. Shift Toward Niche Social Media Networks While Facebook dominates the social networking landscape, emerging platforms focusing on specific communities or unique features are gaining traction. A Facebook-like app with a specialized focus can attract targeted user groups and offer personalized experiences, such as: Professional networking with a social twist Content-driven communities for influencers AI-based matchmaking for friendship and networking Privacy-focused social media alternatives This shift presents a huge opportunity for entrepreneurs to create a tailored Facebook alternative that caters to modern user expectations. Monetization Opportunities in Social Media Apps Advertising Revenue Social media platforms generate billions in advertising revenue. Facebook alone earned over $116 billion in ad revenue in 2023. A well-structured ad model can help monetize a new social media platform through: Sponsored posts Display advertising Video ads Influencer marketing collaborations Subscription-Based Models Platforms like LinkedIn and Twitter (X Premium) have successfully introduced subscription plans. A Facebook-like app can offer premium features such as: Ad-free experience Exclusive content access Advanced networking tools Social Commerce & Marketplace E-commerce integration in social media apps is booming. A Facebook-like app with an integrated marketplace allows users to buy and sell directly, providing monetization opportunities through: Transaction fees Promoted listings Affiliate marketing partnerships Virtual Goods & NFTs With the rise of Web3 technologies, NFTs and virtual goods are becoming key revenue streams. A Facebook-like app that incorporates digital collectibles, avatar customization, and metaverse integrations can tap into the future of digital ownership. Also Read: Facebook Business Model Explained Features to Include in a Facebook-Like App Creating a Facebook-like social media app in 2025 requires integrating cutting-edge features that cater to user needs while enhancing engagement, privacy, and monetization. The following essential features can help a new platform compete with established giants while offering a unique experience to its users. 1. Personalized News Feed A news feed is the core of any social media platform, keeping users engaged with relevant content. To compete with Facebook, your app must implement AI-driven algorithms that curate a personalized feed based on user preferences, interactions, and engagement history. How AI Enhances the News Feed: Behavioral Analysis: AI studies user activity, such as likes, shares, comments, and watch time, to determine their interests. Predictive Analytics: By analyzing user behavior, AI can predict what type of content will resonate with each individual. Dynamic Content Prioritization: AI automatically adjusts the order of posts, prioritizing those that align with user engagement patterns. Content Filtering: Helps in removing spam, misinformation, and inappropriate content, improving user experience. 2. Secure Messaging & Video Calls Social media platforms are no longer just about sharing posts; they have evolved into communication hubs. A Facebook-like app should feature built-in messaging and video calling to offer seamless real-time interaction. Key Features: End-to-End Encryption: Ensures that conversations remain private and protected from unauthorized access. Self-Destructing Messages: Offers users additional privacy options by allowing messages to disappear after a set time. Voice & Video Calls: Enables real-time communication, making the app a one-stop solution for social networking. AI-Powered Chatbots: Automates customer support and enhances engagement through interactive AI responses. 3. Community Groups & Forums Facebook Groups have been instrumental in building strong communities. A new social media platform must include advanced group and forum features to encourage community-driven discussions. Advanced Group Features: AI-Based Moderation: Automatically detects and removes spam, offensive content, and misinformation. Subscription-Based Groups: Allows group admins to monetize their communities through paid memberships. Topic-Based Discussion Forums: Encourages deeper engagement by allowing users to discuss specific topics. Event Management: Lets users create and promote virtual and in-person events within groups. 4. AI-Driven Content Recommendations AI is transforming content discovery on social media. To keep users engaged, a Facebook-like app must implement smart recommendation algorithms that showcase relevant posts, videos, and advertisements. How AI Improves Content Discovery: Natural Language Processing (NLP): AI understands user comments and preferences to suggest relevant content. Interest-Based Suggestions: Users receive recommendations based on their past interactions and search history. Real-Time Personalization: AI continuously adapts content recommendations to ensure users always find fresh and interesting posts. Also Read: Building AI Powered Recommendation System 5. Social Commerce Integration Social media is evolving into a commerce-driven ecosystem, where users buy and sell directly within the platform. A Facebook-like app should incorporate a built-in marketplace to facilitate social commerce transactions. Must-Have Social Commerce Features: Shoppable Posts: Allows businesses and influencers to tag products in posts for direct purchase. AI-Based Product Recommendations: Suggests items based on user preferences. Live Shopping Events: Brands can showcase and sell products via live-streamed shopping experiences. Integrated Payment Systems: Supports digital wallets, cryptocurrencies, and BNPL (Buy Now, Pay Later) […]

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AI in Social Media: Advantages, Strategy, Challenges https://oyelabs.com/ai-in-social-media-advantages-strategy-challenges/ https://oyelabs.com/ai-in-social-media-advantages-strategy-challenges/#respond Fri, 13 Dec 2024 03:02:31 +0000 https://oyelabs.com/?p=39875 Artificial Intelligence (AI) is reshaping social media, providing businesses with innovative ways to engage their audiences and improve overall performance. As the AI market is projected to reach $1.81 trillion by 2030, more and more businesses are turning to AI-driven solutions to stay competitive. Social media platforms like Instagram, Facebook, TikTok, and YouTube are already leveraging AI to enhance user experiences, personalize content, and improve targeting, enabling brands to better connect with their audiences. AI technologies such as machine learning, natural language processing, and predictive analytics are helping businesses make data-driven decisions, optimize efforts, and streamline workflows. This article will explore how AI is transforming social media, highlighting its key advantages and challenges for businesses adopting this technology. How AI is Changing Social Media AI is changing the way businesses approach social media, offering opportunities to engage audiences more effectively, streamline processes, and stay ahead of trends. Rather than just a tool of the future, AI is a driving force in how brands interact with consumers today. Personalization has become one of the most significant advantages AI brings to social media. Platforms like Instagram use AI to analyze user behavior, preferences, and engagement patterns to curate personalized content. For businesses, this means content is tailored specifically to their audience, increasing the likelihood of higher engagement and more meaningful interactions. AI is also enhancing automation in social media management. With tools such as Hootsuite and Buffer, businesses can automate repetitive tasks like scheduling posts, responding to messages, and analyzing performance data. This allows marketers to focus on strategy and creative efforts rather than getting bogged down in routine tasks. For example, AI-powered chatbots, like those used by Sephora, provide 24/7 customer service, addressing inquiries in real-time and improving customer satisfaction. 2024 report states that chatbots can handle up to 80% of customer service inquiries, reducing the workload on human agents. AI also brings the power of predictive analytics, allowing businesses to anticipate trends and stay ahead of the competition. By analyzing historical data and patterns, AI can suggest the type of content that will resonate most with users. Think of how Netflix uses AI to recommend movies and shows tailored to your preferences. Similarly, businesses can use AI to forecast what content will engage their audience, ensuring they remain relevant and timely. The rise of AI in social media is undeniable. As AI continues to evolve, businesses will find even more ways to leverage its power to enhance their social media presence and deliver stronger, more personalized experiences for their customers. Also Read: Build a Social Media App Advantages of AI in Social Media  There’s no shortage of benefits when it comes to integrating AI into your social media strategy. Here are some of the key advantages that businesses can gain by utilizing AI in social media:  Enhanced Personalization: AI’s ability to analyze user data allows businesses to deliver highly personalized content that resonates with their target audience. According to Accenture, 91% of consumers are more likely to shop with brands that provide personalized offers and recommendations.  Increased Efficiency:  AI automates many time-consuming tasks such as content scheduling, campaign monitoring, and customer service, which helps marketers streamline their workflow. In fact, 60% of marketers have reported that AI improves their efficiency.   Data-Driven Decision Making: AI in social media provide valuable insights into consumer behavior, campaign performance, and market trends. Businesses can use this data to make informed decisions, improving their return on investment (ROI). Research from Gartner suggests that by 2025, 80% of customer interactions will be powered by AI.  Improved Customer Engagement: AI-powered chatbots and automated responses can provide quick, 24/7 customer support, which enhances user experience. In fact, Zendesk reports that companies using AI-driven customer support systems see a 14% increase in customer satisfaction.  Cost-Effective Marketing: AI in social media help businesses optimize their social media ad campaigns, ensuring they reach the right audience at the right time. This can lead to better results without the need to increase ad spend. McKinsey reports that AI can reduce marketing costs by up to 40% through automation and optimization.  Trending AI Tools for Content Creation in 2024-25  AI in social media for content creation are evolving rapidly, offering marketers more advanced ways to create engaging, relevant, and high-quality social media posts. Some of the top tools to consider in 2024-25 include:  ChatGPT for Social Media Posts ChatGPT, powered by OpenAI, is increasingly used to generate high-quality, engaging social media content. This tool can help marketers produce captions, replies, and content for platforms like Instagram that are tailored to specific audience segments. Canva AI for Design Canva offers AI-powered design tools that suggest layouts, fonts, and colors to create visually appealing social media posts. These tools make it easy for businesses to maintain a consistent and professional brand presence on platforms like Instagram. Hootsuite Insights Hootsuite integrates AI to track and analyze social media performance, helping businesses identify trends and insights in real-time. With Hootsuite’s AI tools, marketers can improve their strategies based on actionable data. Lately.ai for Content Repurposing Lately.ai uses AI to convert long-form content into bite-sized, shareable posts for social media. This tool helps businesses maximize the value of their content by creating multiple posts from one article, podcast, or video. BuzzSumo for Trendspotting BuzzSumo is an AI tool that analyzes social media and content trends, helping businesses discover the topics that are most likely to engage their audience. By using BuzzSumo, brands can create timely content that aligns with current trends, enhancing their presence on platforms like Instagram.  AI Strategies for Social Media  Incorporating AI into your social media strategy goes beyond just using AI tools. It involves aligning AI with your objectives to enhance engagement, reach, and brand presence. Here are some AI strategies to consider: Optimize Posting Times with AI AI can analyze when your target audience is most active on platforms like Instagram and suggest the best times to post for maximum engagement. Automating posting schedules ensures that your content is seen by the […]

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7 Strategies to Kickstart Your app like Facebook Globally https://oyelabs.com/strategies-to-globalize-your-app-like-facebook/ https://oyelabs.com/strategies-to-globalize-your-app-like-facebook/#respond Tue, 10 Dec 2024 23:08:51 +0000 https://oyelabs.com/?p=40037 Building a social media app like Facebook is one thing, but taking it global? That’s a whole new ball game. In today’s fast-paced, interconnected world, simply launching your app like Facebook isn’t enough—you need a clear strategy to make it resonate across cultures, languages, and markets. Gen Z entrepreneurs and forward-thinking founders know that global reach equals massive growth, but how do you get there without burning through your budget or losing your focus? This blog dives into the key strategies to globalize your app, from leveraging localization and scalable tech to understanding market-specific user behavior. Whether you’re building a platform for connection, creativity, or commerce, these tips will help you think beyond borders and create an app that feels personal to users everywhere. Ready to take your social media game worldwide? Let’s get started! Why Globalizing Matters for Your Facebook-Like App Social media platforms are not just tools for connection anymore—they’re ecosystems that fuel businesses, entertainment, and even cultural shifts. Facebook, which rebranded as Meta, now boasts over 4 billion monthly active users globally in the last quarter of 2023. Meanwhile, other social media platforms like Instagram, TikTok, and Twitter have also crossed borders with massive success. The key takeaway? A localized social media app like Facebook that resonates globally is a goldmine. But simply launching an app in multiple countries isn’t enough. Without the right strategies, you risk cultural mismatches, slow adoption rates, and operational inefficiencies. To succeed, your platform must feel universal yet deeply personal in every market it enters. Ways to Globalize your app like Facebook   Prioritize Market Research and Cultural Insights When it comes to globalization, one size does not fit all. Facebook’s early success in going global was partly due to its ability to localize content and cater to different user needs. To replicate this, start with thorough market research. Key Steps to Take: Identify Your Target Markets: Pinpoint regions with high social media engagement and unmet user needs. According to Hootsuite, countries like India, Brazil, and Indonesia are some of the fastest-growing social media markets. Additionally, Africa is emerging as a promising market with increasing internet penetration rates. Understand Cultural Preferences: Study how users in each market interact with social media. For instance, video content dominates in Southeast Asia, while text-based posts still hold sway in parts of Europe. In markets like Japan, anonymity is highly valued, while in the U.S., users tend to prefer more personal and public interactions. Analyze Competitors: Review other apps dominating local markets. Platforms like WeChat in China and VK in Russia succeed because they cater to their audiences with unique features such as integrated payment systems and gaming options. Use these insights to differentiate your app. Check out our blog on Facebook (Meta) Business Model Explained for insights into how the company approached global markets with its flexible yet targeted strategies. Market research is not a one-time task. Continuously monitor trends and user behavior in each region to stay ahead of competitors and evolving user preferences. Focus on Localization and Multilingual Support Localization goes beyond just translating your app’s content. It involves making your app like Facebook feel native to every region you’re targeting. The goal is to create an experience that resonates deeply with users while maintaining the core identity of your platform. Steps to Achieve Localization: Multilingual Features: Offer multiple language options within your app like Facebook. Facebook currently supports over 100 languages, ensuring it’s accessible to users worldwide. You should also include regional dialects to enhance relatability, such as Quebec French for Canadian users or Tamil for users in South India. Cultural Sensitivity: Adapt emojis, visual elements, and even user interface layouts to reflect local cultures. For instance, colors and symbols can have vastly different connotations across cultures. Red might signify celebration in China but danger in other regions. Localized Content Moderation: What’s acceptable in one region might be inappropriate in another. Invest in localized moderation tools and AI algorithms that understand local languages and nuances. Localized Advertisements: Collaborate with local brands for region-specific ad content that resonates with users. Read our blog Build a Social Media App – Insights from Twitter, Facebook to understand how top platforms adapted their features to suit global audiences. Localization is about creating a sense of belonging. The more familiar your app feels, the easier it will be to capture and retain users in diverse regions. Build a Scalable Infrastructure When you’re aiming to scale globally, your infrastructure needs to handle millions (or billions) of users seamlessly. Downtime, slow load speeds, or app crashes can derail user adoption faster than anything else. Essential Steps for Scalability: Cloud-Based Infrastructure: Utilize cloud solutions like AWS, Google Cloud, or Microsoft Azure to ensure your app can handle high traffic and scale up when necessary. Cloud computing also allows you to reduce operational costs as you pay only for the resources you use. Geo-Distributed Servers: Minimize latency by hosting your app on servers located closer to your users. Content Delivery Networks (CDNs) can further reduce load times by caching static assets like images and videos. Cross-Platform Compatibility: Ensure your app works seamlessly on all devices, from high-end smartphones to budget models. This is especially important in regions like India and Africa, where low-cost devices dominate. AI-Driven Optimization: Use artificial intelligence to predict and prevent system failures. AI can also optimize server loads and improve app performance during peak times.  Also read: AI in Social Media: Advantages, Strategy, Challenges. Scalability isn’t just about technology; it’s about ensuring a consistent and enjoyable user experience as your platform grows. Offer Universal Yet Customizable Features A globally successful social media app like Facebook is universal enough to appeal to diverse audiences but customizable enough to cater to local needs. This balance is key to building a platform like Facebook that thrives in multiple markets. Feature Strategies: Core Features: Keep universal features like user profiles, friend requests, and news feeds consistent across all regions. These should form the backbone of your app like Facebook. Region-Specific […]

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Why Building a TikTok-Like Platform Is a Smart Investment https://oyelabs.com/why-building-a-tiktok-like-platform-is-a-smart-investment/ https://oyelabs.com/why-building-a-tiktok-like-platform-is-a-smart-investment/#respond Wed, 16 Oct 2024 12:50:04 +0000 https://oyelabs.com/?p=36005 TikTok has redefined social media in recent years, offering a platform where short, engaging videos reign supreme. For businesses and entrepreneurs looking to capitalize on this shift, building a TikTok-like social media app could be an incredibly profitable venture. Short-form video content has quickly become the dominant form of digital entertainment. In 2024, the demand for quick, engaging content has grown significantly, and platforms like TikTok, Instagram Reels, and YouTube Shorts have become essential players in the digital world. As a result, the market for on-demand social media app solutions continues to expand, creating new opportunities for innovative platforms. In this blog, we will discuss the rapid growth of short-form video content, the unique aspects that make platforms like TikTok so successful, and why investing in social media app development experts to create a TikTok-like platform is a smart move for 2024.  Explosive Growth in Short-Form Video Short-form video platforms, including TikTok, Instagram Reels, and YouTube Shorts, have revolutionized digital content consumption. In 2023, the global short-form video market was valued at USD 8.9 billion. Looking ahead, this market is projected to grow to USD 14.17 billion by 2031, reflecting a steady compound annual growth rate (CAGR) of 6.86% from 2024 to 2031. TikTok, a pioneer in this space, has played a key role in this expansion. It has surpassed 4.7 billion downloads globally, with users spending over 850 minutes per month on the app. This high level of user engagement sets TikTok apart, and other platforms like Instagram Reels and YouTube Shorts are quickly following suit, all vying for their share of the thriving short-form video market. For those looking to enter this space, now is the time. Building a TikTok-like platform provides an opportunity to tap into this massive and growing user base, positioning your brand in a dynamic and lucrative segment of the digital ecosystem. Reasons to Invest in a TikTok Like Short-Form Video Content Platform Unmatched User Engagement Short-form video platforms are known for their ability to keep users hooked. The addictive nature of endless scrolling, the algorithmically tailored content, and the ease of creating videos make users stay on the platform for extended periods. The average TikTok user spends around 52 minutes per day on the app, often in multiple sessions. This level of engagement is unparalleled, making short-form video platforms ideal for both advertisers and businesses seeking to monetize user activity. By launching your own platform, you can capitalize on these same principles. The key is to create an engaging user interface, backed by a sophisticated recommendation algorithm that provides highly personalized content, keeping users coming back for more. Massive Market Demand Short-form video content has not only captivated users but also marketers. According to HubSpot, 83% of marketers believe short-form videos deliver the highest return on investment (ROI) compared to other forms of content. As consumer preferences shift toward quick, visually appealing content, brands are following suit by investing heavily in short-form video ads. The demand for platforms that support this type of content is growing rapidly. Businesses need engaging platforms to showcase their brand and reach their audience, while consumers are seeking fresh content tailored to their interests. By creating a TikTok-like platform, you can capitalize on this market demand and position your app as a go-to destination for short-form video content. Monetization Potential Short-form video platforms present lucrative monetization opportunities. While advertising remains the primary revenue stream, features such as in-app purchases and creator-driven strategies provide additional value. TikTok, for example, generated $16.1 billion in 2023, marking a 67% year-on-year increase, highlighting the platform’s ability to draw both users and advertisers. The quick, engaging nature of short-form videos makes them ideal for brands looking for visibility with minimal investment. Besides ads, interactive features like virtual gifts enable users to support creators, enhancing engagement and offering new monetization avenues. Brand partnerships and influencer marketing are also vital revenue drivers. By collaborating with creators, brands can leverage sponsored content, affiliate marketing, and exclusive promotions. By incorporating the best monetization strategies for your TikTok-like app, including ads, in-app purchases, and influencer partnerships, your platform can ensure sustained growth and profitability. Personalized User Experience Modern users are drawn to platforms that feel tailored to their interests. One of the key reasons for TikTok’s success is its powerful content recommendation algorithm, which delivers videos based on a user’s viewing habits. The platform’s ability to serve personalized content is a crucial factor in keeping users engaged and encouraging longer sessions. For any new short-form video platform, personalization should be a core focus. By analyzing user preferences, behaviors, and interactions, you can deliver highly relevant content that keeps users engaged longer and encourages them to return to the platform more frequently. This leads to higher user satisfaction, which in turn boosts retention rates and increases the platform’s potential for monetization through ads and in-app purchases. Thriving Creator Economy No platform can thrive without creators. Short-form video platforms succeed because they empower individuals to easily create and share content. A key element of TikTok’s popularity is its user-friendly editing tools, which enable creators to produce and share videos quickly. By offering intuitive creation tools, you can attract content creators who will generate consistent, high-quality videos. Creators are essential to the success of short-form video platforms, as they drive user interaction and keep the platform active and vibrant. With a strong, engaged creator base, your platform can scale rapidly and build a loyal audience. Also Read: How to Build an App Like TikTok? Stand Out in the Crowd While TikTok leads the short-form video market, there is still room for new platforms that offer unique features or cater to specific niches. Integrating technologies like augmented reality (AR) and virtual reality (VR) can set your platform apart, appealing to tech-savvy users and providing fresh creative opportunities for brands. These immersive features enhance user engagement and open up new possibilities for interactive content. Additionally, focusing on safety and content moderation can be a key differentiator. Many users are concerned about the […]

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Cost To Build a Social Media App in 2025 https://oyelabs.com/cost-to-build-a-social-media-app/ https://oyelabs.com/cost-to-build-a-social-media-app/#respond Thu, 20 Jun 2024 08:06:29 +0000 https://oyelabs.com/?p=32066 The post Cost To Build a Social Media App in 2025 appeared first on Oyelabs - Driving Business Value.

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The Ingenious X (Twitter) Business Model – How Twitter Makes Money https://oyelabs.com/twitter-business-model/ https://oyelabs.com/twitter-business-model/#respond Thu, 23 May 2024 05:23:42 +0000 https://oyelabs.com/?p=31304 Introduction Twitter, the iconic social media platform, has revolutionized the way we communicate, share information, and engage with current events. If you’re looking to build a social media app like Twitter, understanding its unique blend of real-time updates, concise messaging, and global reach is crucial. With over 600 million users, it ranks among the top visited websites worldwide. But what makes Twitter so influential? Let’s dive in. In this blog post, we will delve into the fascinating Twitter business model, exploring its revenue streams, user base dynamics, and market performance. By analyzing key statistics and trends, we will uncover the strategies and challenges that have shaped Twitter’s evolution as a leading social media platform. Twitter’s Rise: The Story Behind the Social Media Phenomenon From Twttr to Global Phenomenon: The journey began with a prototype used internally by Odeo employees. By July 15, 2006, the full version of Twitter was publicly introduced. Its simplicity – 140-character posts (later expanded to 280 characters) – set it apart. But it wasn’t just about brevity; it was about immediacy. Twitter allowed anyone, anywhere, to share their thoughts, breaking news, and personal experiences in real time. A Pivotal Moment: Miracle on the Hudson: Twitter’s impact became evident during the Miracle on the Hudson in January 2009. Passengers on US Airways Flight 1549, which crash-landed in the Hudson River, shared photos and updates via Twitter. Janis Krums, a passenger, snapped a picture of the plane in the water and tweeted it to his 170 followers. Suddenly, Twitter emerged as a new outlet for near-instantaneous sharing of breaking news. The media landscape had shifted. Amplifying Voices and Movements: Twitter’s power lies in amplifying previously marginalized voices. From the #MeToo movement to #BlackLivesMatter, hashtags have sparked societal reckonings. Celebrities, activists, and ordinary users alike have harnessed Twitter to drive change. It’s a place where conversations transcend borders, connecting people across cultures and ideologies. Challenges and Triumphs: Over the years, Twitter faced challenges. Misinformation, hate speech, and the delicate balance between free speech and responsible content moderation became pressing issues. Yet, it persisted. In 2020, approximately 48 million accounts (15% of all accounts) were found to be non-genuine. Despite setbacks, Twitter remains relevant, shaping politics, international relations, and public discourse. The Musk Era: From Acquisition to Rebranding: In October 2022, billionaire Elon Musk acquired Twitter for $44 billion. His aim? To promote free speech. However, the platform’s role in spreading disinformation and hate speech remains contentious. In July 2023, Musk rebranded Twitter as X, retiring the iconic bird logo. The journey continues, with Linda Yaccarino now at the helm as CEO. Key Statistics: Twitter has 611 million monthly active users worldwide, making it the 12th most popular social media platform globally. Twitter generated $3.4 billion in revenue, with 75% coming from advertising. The United States is responsible for more than 50% of Twitter’s revenue, with $1.75 billion generated in 2023. The rest of the world contributed $1.65 billion. The United States has the highest number of Twitter users, with 106 million users. Worldwide social networks ranked by monthly active users as of April 2024. Platform Monthly Active Users (in millions) Facebook 3,065 YouTube 2,504 Instagram 2,000 WhatsApp 2,000 Tik Tok 1,582 WeChat 1,343 Facebook Messenger 1,010 Telegram 900 Snapchat 800 Douyin 755 Kuaishou 700 X/Twitter 611 Weibo 598 QQ 554 Pinterest 498   Twitter Business Model: How It Generates Revenue By analyzing key statistics and trends, we’ll uncover the strategies and challenges that have shaped Twitter’s evolution as a leading social media platform. Join us as we explore the inner workings of Twitter business model and gain insights into its future prospects. 1. Advertising Revenue Twitter’s primary revenue source is advertising. Brands and businesses pay to promote their content through various ad formats on the platform. Let’s break down the key components: Promoted Tweets: These are paid tweets that appear in users’ timelines, search results, and relevant conversations. Advertisers can target specific demographics, interests, and keywords to reach their desired audience. Promoted Trends: Brands can pay to have a hashtag appear in the “Trending Topics” section. This increases visibility and encourages users to engage with the promoted topic. Promoted Accounts: Advertisers can promote their Twitter accounts to gain more followers. These accounts appear in users’ “Who to Follow” recommendations. 2. Twitter Data Licensing Twitter, as a part of its business model licenses out users’ data to its partners, allowing them to create targeted advertisements based on user behavior. The data includes public tweets and other public activities. This monetization strategy leverages the vast amount of information generated by Twitter’s active user base. 3. Premium Subscriptions Twitter’s business model introduced premium subscription services to enhance user experiences and provide additional features. Here are the tiers: Basic: Includes features like editing posts, longer tweets, reply prioritization, text formatting, and custom app icons. Premium: Adds a blue checkmark, reduces ads, provides access to ads revenue sharing, and offers larger reply prioritization. Premium+: Offers no ads in the “For You” and “Following” timelines, the largest reply prioritization, and access to exclusive articles. Advertising on Twitter: A Strategic Approach Businesses can leverage Twitter’s advanced targeting features to reach users based on specific interests, behaviors, keyword usage in tweets, and even the devices they use. Targeted Advertising: As a part of Twitter Business Model, Twitter’s advertising platform goes beyond basic demographics. Advertisers can target users based on specific interests, behaviors, keywords in tweets, and even device usage. With real-time engagement, diverse ad formats, and transparent analytics, Twitter offers a powerful way to connect with a vast, engaged audience. Brand Engagement: Brand engagement on Twitter is about more than just broadcasting messages; it’s about fostering a two-way conversation. Brands like NASA, United Airlines, and Wendy’s have leveraged Twitter marketing to grow their business, engage their audience, build community, and deliver spectacular customer service. By understanding how the Twitter algorithm works, businesses can boost engagement, drive traffic to their site, and build brand awareness. Marketing Campaigns: Creating a winning Twitter marketing strategy involves being strategic and […]

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Build a Social Media App – Insights from Twitter, Facebook https://oyelabs.com/build-a-social-media-app/ https://oyelabs.com/build-a-social-media-app/#respond Tue, 21 May 2024 07:00:25 +0000 https://oyelabs.com/?p=31121 The post Build a Social Media App – Insights from Twitter, Facebook appeared first on Oyelabs - Driving Business Value.

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