Facebook is not cool anymore, just ask any kid between the ages of 16-25. I recently spoke to a few kids that would never open a facebook account, let alone know how to use it. They all gravitate to $SNAP. I see these kids day-in and day-out at one of my local businesses, SNAPPING like psychopaths. Never on the Facebook, but occasionally on the Gram– that’s instagram for the ill-informed.
I recently went to a live concert, and what did I see in the air? A whole bunch of camera phones Snapping the concert via $SNAP.
$SNAP has the momentum in social media as Facebook becomes stale and uncool. It has a very similar feel to myspace as Facebook really started to take off. I want to use any weakness in $SNAP, from this $FB report, to pick up shares. I plan to be a proud owner of SnapChat as of tomorrow.
The shift away from Facebook has arrived. Zukerberg is lucky he still has instagram. I’m a buyer of $SNAP on weakness.
Your FB assessment is spot on. No one I know, including my kids (20, 23, 26), who had been using FB are using it anymore with the exception of my 80 year old mother and 72 year old aunt.
My 23 and 20 year old kids still use SNAP quite frequently.
SNAP is an addiction for them. I cant understand it.