So we all know about the big social networks: Facebook, Twitter and LinkedIn. But do you think there is still space in the social network market for a new site to come along and be as popular or atleast be a threat to these big 3? Or are the barriers to entry too high for any new site to even attempt to try and enter the social network market?
I think right now social networks like Facebook and Twitter are dying a bit with their user base growth slowing down. Because of this I think there is potential for a new entrant to become a threat if it is able to offer something unique. When Snapchat entered the market, no one really thought it would do well but it offered something unique and now the big social networks like Facebook and Instagram have started copying its unique stories feature