Another Jolt For Facebook Inc. (NASDAQ:FB) From Snapchat
The row over Facebook Inc. (NASDAQ:FB) and photo messaging app Snapchat has been into highlight ever since Facebook made a $3 billion buyout deal which was however, turned down by the Sanpchat 23 year something CEO Evan Speigel.
Earlier there was also news that Snapchat is increasingly becoming popular among teens with global penetration of around 10%. Yesterday a Sanpchat representative told CNET that site now processes approximately 400 million snaps a day. This figure literally means that Snapchat have surpassed Facebook as far as photo and video uploading volume is concerned.
Business Insider sources at Facebook Inc. (NASDAQ:FB) still reports the upload volume of about 350 million photos a day. However this does not include Instagram upload volumes where users are uploading 55 million photos a day. To remind, Instagram is a Facebook owned photo sharing app.
Unlike Facebook Inc. (NASDAQ:FB) that allows to share photos with many of friends and followers with one single upload, Sanpchat posts are usually one to one. And hence the Snapchat volume includes photos as well as video and also the same snap sent to various people.
Moreover Snapchat has much lesser number of users as compared to the social network giant Facebook and yet the photos and videos upload volume almost get doubled from that of 200 million, reported in June 2013.
The Indian Craze for Social Media
While the battle to lead the social media ground continues among many of the websites and mobile apps, the research firm eMarketer today reported that India posted the highest social networking growth of 37.4% this year. As Indians are increasingly logging into their Facebook Inc. (NASDAQ:FB) and Twitter Inc. (NYSE:TWTR) accounts, the study predicts that India will have the largest Facebook population by 2016.
Presently the U.S. remains the single country with highest number of Facebook users (around 147 million) and India follows at distant second.