With over 1.7 Billion monthly active users, it's no figure of speech to mention that Facebook INC (NASDAQ:FB) is the king of social media/social networking, take into account furthermore that the world population is 7.5 Billion, based on this statistic, nearly twenty third of the planet is actively using Facebook. Frankly, I don’t care what alternative metrics individuals use to evaluate Facebook stock. What I simply mentioned quite explains its tremendous enthusiasm.
Why Facebook should concern about this New Social Media Platform ?
Overwhelmingly optimistic, most analysts see very little reason to alter that assessment.
Surely, Facebook stock could also be obtaining a bit rich on the valuation aspect of things. Let's say, Facebook is trading at over 38-times trailing earnings. Roughly 61 of web content and knowledge firms feature a lower premium. That said, few competitors will claim as clean of a record, or as strong of an earnings report as Facebook.
Analysts are abominate to abandon allegiances to Facebook stock as a result it completely destroys its publically traded rivals. Take a glance at Twitter INC (NYSE:TWTR) though President Trump’s favourite social media has a position between 695 Million to 1.3 Billion registered users, its monthly active users total solely 319 Million.
Snap Inc’s (NYSE:SNAP) Snapchat application does a lot worse. In 2016, it managed to crack the 114 Million users. By itself, that’s a powerful haul, however it’s below 7-membered of active Facebook users.
Despite the very fact that Snapchat is marketed towards the younger demographic, Facebook continues to be killing it in this area too. In keeping with statistic Brain, 48th of 18 to 34 year old checks their Facebook account after they get up in the Morning, and 28th of the demographic do so before going to sleep at Night
Nobody desires to be outright pessimistic on Facebook stock, and that is for good reason.
Is Steemit killing Facebook ?
Don’t expect this optimistic dynamic to vary anytime shortly. Those who already feature Facebook stock in their portfolio ought to get pleasure from a few years of steady gains. At a similar time, Facebook is a technology company too, and we cannot deny this fact that this sector is unbelievably volatile. Even Facebook, as nice as it is, cannot afford to be contented .
A major, potential risk to the social media giant’s dominance is an open-source network known as Steemit. What makes Steemit distinct from the litany of social media garbage is that it runs on its own blockchain-powered cryptocurrency known as the steem.
Yahoo Finance‘s Daniel Roberts explains it like this: “Steemit users publish a blog post — it may be any length, any topic and in any respect — and different users will “upvote” it. The twist: each upvote represents a tiny low quantity of steem power, consider steem power as a illustration of influence, as a result of the more you've got, the additional power your upvote needs to move somebody else’s post up after you upvote it. Steem power may be converted to steem dollars, that at the moment trade for about $3.25 USD per.”
With Steemit, you get paid to perform what you normally do on Facebook at no cost. If the platform did embark, Facebook Inc stock would genuinely become troubled.
However, Mr. Roberts remains unconvinced . Despite the very fact that the author posted an introductory note on Steemit and collected $120 worth steem cryptocurrency, he declared that Steemit turning into a Facebook killer was “a stretch.”
Lets take a totally different approach
Facebook Faces Potential “Steem”-Rolling!
First, the Blockchain-powered Bitcoin (BTC) and also the idea of digital currencies is the way forward for finance. I’m holding onto bitcoin through its ups-and-downs as a result of eventually, it'll hit $10,000 soon. To the doubters, laugh and laugh some more. I’ll be sipping champagne go to Paris via First Class, whereas you’re begging your investment company to beat inflation, Huh !
On a less combative note, My friend attempted Steemit and found rolling success with it. Last April, he signed onto the network, bought some $100 price of the steem currency, and contributed content consistently. In under 2 months, his steem coins are worth over $3,700. In contrast, I generated zero dollars with Facebook, and not even Facebook stock could make me 3,600% come back on my cash.
Invariably, though, new Steemit users concern that the cash has already been created. however that’s simply not the case. let's say, user “@ABC1” signed in only days ago, and is slated to create over $100. A musician can do marketing with his music through the social media network. Cryptocurrency news person makes consistent cash blogging regarding bitcoin-related events.
Additionally, Steemit users will generate financial gain through content curation, that involves vote for interesting content creators. Curators can rack up steem coins doing precisely that.
In most cases, the financial gain is no-where close to life-changing. However, the basic danger to Facebook stock is that Steemit with success demonstrated that social media will financially profit regular people. Yet again individuals acknowledge that , with effort and dedication you'll be able to earn cryptocurrencies for activities that are typically done for free, it’s exhausting to imagine why anybody would still use Facebook.
well.. I have joined stteemit for about two weeks, and I found out myself has been addicted to it, I neglected my instagram and facebook since I have joined steemit, other than the money reward (of coz this bring me great motivation), reward motivates people share informative and great contents, all these together bring steemit to be a better community .
Absolutely... Instagram, Facebook etc all these platforms only work for themselves and the user is the one by which they are getting paid.
On the other hand we have Steemit just similar infact is better than these platforms where is user is rewarded for sharing his thoughts with this HUGE community like you did :)
Please feel free to Follow and Resteem and I'll do the same.
Peace
LOL I have been neglecting my other social media accounts as well! Team Steemit :D
Peace
Warm Regards@firepower sorry if I disturbed you but you are the one who has motivated me a lot to do blogging ... I've been reading your blogs since 3 days and each one of your blog is a Masterpiece ... I wanna walk on your path and so it would be an Honour if could review this.
I have been on steemit for a month now and I have to say steemit is way better than facebook. The only problem with steemit is that it depends on crypto which many people have little to no knowledge about.
Can you please check this out https://steemit.com/steemit/@thepsychguide/how-ai-came-about-and-how-it-will-affect-us-part-2
As always your post is a masterpiece
loved it and upped it :)
I've been on here for about two weeks now, and just can't seem to pull myself away!
Not only is it a great way to connect with other people in my industry - and read related articles - but it's an excellent side hustle as well.
The more time I spend on it, the more I find myself geeking out over cryptocurrency in all its forms.
Great post!
Yes... Steemit is addictive but at the same time is also beneficial... Having great time over here
Thanks for your upvote
Please feel free to resteem.
Peace :)
Thank you guys Please feel free to Resteem