Relevance is critical in the new digital age, especially in the social media marketing environment. No matter how successful a tech giant’s business model may be, if innovation isn’t at the forefront (or at the very least, acquiring successful operations to absorb fancy features), popular platforms risked being tossed aside like yesterday’s news. For example, how many of you remember Meerkat, Peach, or Jelly?
Well, I do because I’m addicted to social media, but chances are that none of you even remember these three platforms.
Implementing new features is essential to the life-force of major social media platforms. Snapchat’s growth hit a wall when Instagram stole the Stories feature. Let’s be honest: that was a genius AND malevolently ruthless move, which has worked out very well for Instagram, which currently has one billion monthly active users. Twitter increased its character limit to get back into the spotlight last year, which has seen its stock increase steadily over the past year. All major social media platforms made Periscope and Meerkat irrelevant by adopting live streaming capabilities. Peach came and went, bewildering us all for a short period of time. However, one aspect of the social media world has relative remained unchanged: YouTube dominates when it comes to hosting video content.