Snapchat is already the next big thing (APP REVIEW SERIES, BLOG 1)
If you haven't already, please give my previous review about Snapchat a look here...
We all love snapchat, well, most of us. It depends who exactly you are... Yes it promotes questionable behaviour, but hey, it's a fun app and a great way to burn some time. So when news emerged this week that Facebook had tabled a bid of $3 billion for the App ranked 6th on the free apps category for U.S. iTunes store and 9th in the U.K., it sparked quite a bit of reaction. A lot of people argued that the company should sell, considering they had never made profit to date, and they could finally be rewarded for their work of transforming the App into one of the world's most popular. Others argued that the company shouldn't sell out, and lose their add-free layout and core innovations that made the app so popular.
Why were Facebook even interested? As we saw with their purchase of Instagram last year, they are OBSESSED with making everything and anything track back to themselves, so they can continue to use their numerous marketing campaigns to make even more money. Many younger Facebook users have stopped using the social networking site actively as there are far more "fun" ways to talk to your friends these days than Facebook. Facebook was a revolutionary idea, but some people are simply getting bored of it.
Facebook are always looking to expand and add components to themselves to become bigger and better. They want to increase the features available to their users so they can continue to attract more users and bring back less active users. Facebook is trying to wipe out the competition, their trying to make users use their competitors less, giving them less of a reason to not be on Facebook.
Facebook want to reconnect with the youth, and they have decided the best way they can do so is by forcing themselves upon the youth and becoming a part of everything the youth does.
After all of the NSA spying scandals that have taken social media by storm, many users are afraid of the implications of a post on Facebook vs. a snap on snapchat. Snapchat's servers delete an image instantly after that image is viewed, meaning that it will never exist again unless you save it on to your phone. This idea appeals to multiple users and is certainly a much more stress-free way of contacting people, knowing that the message will be gone quickly.
Facebook themselves unveiled a nearly identical program last year called "Poke", which was given its own app and allowed users to send videos, photos, or messages for 10 seconds with friends. Realising it was a simple imitation of Snapchat, the app failed horrendously amongst users and the general public, and most people continue to fail to know it even exists!
Snapchat's continuously rising fame, and their ability to look past the cash in order to realise the greater potential of their company has made me decide that their rating should be upgraded to a 10/10.
Facebook is getting increasingly desperate, and Snapchat were smart to hold out and let themselves continue to expand. As Snapchat continues to rack in more and more millions of users, Facebook will be tempted to offer more and more billions of dollars for this service. It's sure to be a long ride, but if Snapchat play their cards right, in a few years $3 billion could look like a fraction of what a company will be willing to pay to acquire them.