Chapter
Differentiating Social Media Platforms
48:36 - 56:53 (08:16)
The amount of time users spend on different social media platforms is fundamentally different, with each platform requiring a unique product market fit or out-competing other platforms to create something new.
Clips
Can a new social network today achieve the incredible scale of Facebook, Twitter or Instagram?
48:36 - 53:07 (04:30)
Summary
Can a new social network today achieve the incredible scale of Facebook, Twitter or Instagram? The only consistent way social networks have made money in the past was through advertising, but is it possible to create a new social media platform with a different revenue model and achieve that level of success?
ChapterDifferentiating Social Media Platforms
Episode#243 – Kevin Systrom: Instagram
PodcastLex Fridman Podcast
The guest predicts that social media will continue to trend towards shorter, more temporary content, and that there will always be room for new players in the market.
53:07 - 54:27 (01:19)
Summary
The guest predicts that social media will continue to trend towards shorter, more temporary content, and that there will always be room for new players in the market.
ChapterDifferentiating Social Media Platforms
Episode#243 – Kevin Systrom: Instagram
PodcastLex Fridman Podcast
The podcast discusses the hunger for social media algorithms that do something different with regards to product market fit.
54:27 - 56:53 (02:26)
Summary
The podcast discusses the hunger for social media algorithms that do something different with regards to product market fit. They touch on where the opening may be for entrepreneurs, in terms of algorithms and recommendations systems.