Facebook plans to destroy Snapchat
Facebook! The controversial gimmick of Instagram’s stories created a lot of criticism for Zuckerberg’s aggressive motivation on beating every other social media company in the field.
Facebook recently launched its new Lifestage app that puts teenagers again in the loop. The concept is unique that Zuckerberg’s team also has an age limit for this. As a matter of fact, the new app has an age limit of 21. So, If you are 22, you cannot see other people’s profiles.
Now, what is Lifestage all about?
Lifestage is basically an app that lets you create your profile using photos and videos: things you like, things you dislike, your facial expressions, your best friends etc. If 20 or more people from one school sign up, then that school is “unlocked,” meaning you can discover video profiles created by others in your school.
The concept is not that bad, but what worries me is the app’s description that Facebook posted informing everyone about the privacy setting of this new social app.
Everything you post in Lifestage is always public and viewable by everyone, inside and outside your school. There is no way to limit the audience of your videos. We can’t confirm that people who claim to go to a certain school actually go to that school. All videos you upload to your profile are fully public content.
In other words, whether it’s a high school or a university, this app essentially allows 20-something-year-olds to creep one another. Plus, not to sound too unkind on humanity, but anyone could easily fake their profile to prey upon adolescents.
Whatever it maybe, it has definitely helped FB move up in the markets and traders still believe it’s a good sign for the firm. The day Facebook announced the app, charts rallied.
The dollar move is not bad, but is this a positive sign? Can FB seriously destroy Snapchat’s market share? Well, everything will make sense with time.
Till then, just wait and watch.