Archive for the ‘Social Networking’ Category

Social Networks Taking Over the World? Not in This Country – OZY

Ah, the modern world. The news we read is fed to us by Facebook. The jobs we apply for are filtered by LinkedIn. The perfect Instagram feeds of our friends instill a growing sense of social anxiety while our politicians communicate to us in 140 characters or less. Doesnt it just stink of progress? Well, the land of good beer, even better sausages and the very best sense of punctuality didnt get the memo. In fact:

According to a Pew Research survey, only 37 percent of Germans report that they use social networking sites, even though overall levels of internet use are comparable to those of countries like Sweden, the U.S. and the U.K. (with 71 percent, 69 percent and 61 percent social media adoption, respectively). In various surveys, Germany consistently ranks at the bottom of lists of advanced Western countries for usage of sites like Facebook and Twitter (the Pew survey also included the German-language professional network Xing in its question).

Plus, those few Germans with accounts are more often lurkers than posters, being relatively more passive online than their peers in other countries, says Welf Weiger, professor of marketing and innovation at the University of Gttingen. Many Germans on social media dont use their full real names (instead they use their first name split into two), which has led to a lengthy legal dispute involving Facebook, which wants the use of fake names on its site strictly verboten.

Politicians are very reluctant to frankly post opinions because it could backfire and initiate a spiral of bad comments. We call it a shitstorm.

Maik Hammerschmidt, University of Gttingen

So why dont the Germans twittern, facebooken and snapchatten like the rest of us? (Yes, those are actual German verbs.) It all comes down to concerns over privacy, says Sonja Utz, a professor of social media communication at the University of Tbingen near Stuttgart who conducts her studies on Dutch participants because shes worried she wont get enough participants in Germany. Given the not-so-distant memories of the Stasi, the secret police in the formerly communist East, Germans are keen to keep their private lives private, Utz says, from governments and big American tech firms alike. Oversharing details about ones personal life is considered narcissistic in the famously reserved country, she continues, and the countrys older-than-average population (with a median age of 47 years, compared with 38 years in the U.S.) also plays a role.

Although marketers still use social media to target young Germans, it plays a markedly reduced role in public life through either celebrity or politics. According to analytics company Socialbakers, soccer star Mesut zils 16 million followers comprise the largest Twitter audience in the country by a factor of three, though he comes nowhere near the followings of top soccer celebs in other countries, and he only really hit the big time while playing for clubs in Spain and England. Meanwhile, German Chancellor Angela Merkel doesnt even have an official Twitter account. Public figures rarely have professional social media managers, says Maik Hammerschmidt, a colleague of Weigers at the University of Gttingen. Politicians are very reluctant to post frankly because it could backfire and initiate a spiral of bad comments, he says. We call it a shitstorm.

And while young Germans are almost as social media crazy as their foreign peers, the older generation may never change its habits. On the upside, it seems German millennials need never worry about their parents awkwardly tagging them on Facebook. #wunderbar.

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Social Networks Taking Over the World? Not in This Country - OZY

40% of the world’s population has at least one social network account; See the most popular – Markets Morning

Almost one at home two people in the world already owns at least one account in an existing social network on the internet. According to the Global Digital Statshot report for the third quarter of 2017 (with Q2 data), the survey was conducted by the social networking companies Hootsuite and We Are Social.

In total, they are 40% of all the 7.52 billion human beings on the planet with a profile on Facebook, Instagram, Twitter, Snapchat, among others. Some messengers were also considered in the survey. The count only considers who has at least one account on any social network. That is, about 3 billion.

In the last three months, 121 million people have created their first social network account, in a universe of more than 3.8 billion people connected to the Internet, almost 80% already have a profile to share photos, videos or ideas.

Facebook dominates but YouTube is in the queue

The report also shows the largest social networks on the planet, including some messengers on the list. Facebook is the hottest leader, with over two billion active users monthly. YouTube has 1.5 billion. WhatsApp and Facebook Messenger put the company of Mark Zuckerberg also in the 3rd and 4th positions.

But the domain of the company Facebook does not stop there. Instagram is also the third social network (excluding messaging apps), or the seventh application to be listed, behind WeChat and QQ. Twitter, which has 328 million active users, is behind Tumblr (with 357 million). Snapchat is still far behind with 255 million users.

The world in the palm of the hand

In the last 12 months, the type of device used to connect to the internet has changed a lot. The number of PC and notebook users dropped by 18%, while mobile accesses grew 21%, reaching 54% of total Internet traffic which is 51% on PCs and notebooks. Other devices grew 27%, reaching 0.14%.

This number is easy to understand when we know that more than 5 billion people have a mobile device, with or without Internet access. And a little more than half of the mobile connections made on the planet, which reaches 8.2 billion (since many people have more than one line) is made through a smartphone: 55%.

And guess which is the most popular mobile operating system connected to the internet? Android is responsible for 72.9% of requests made to servers, against 19.4% of iOS. The remaining systems, which include Windows Phone, take up only 7.7% of the market.

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40% of the world's population has at least one social network account; See the most popular - Markets Morning

Professional social networking platform Indorse launches token sale – Bankless Times

Ethereum-based social platform Indorse has some momentum behind it as it begins its token sale today.

Backed by blockchain business accelerator Coinsilium, Indorse uses peer-to-peer validation of an individuals personal reputation and branding while giving users ownership of their personal data. People clearly like what they see, as the company met its 17,000-ETH pre-sale limit in days.

Indorse is based the beliefthe existing model of how people interact with online social networks is deeply unfair towards the end user and flawed in how information is accurately portrayed, COO Dipesh Sukhani said.

Networks such as LinkedIn (and similar service offerings) have never been able to pass the litmus test of accurate sharing of information, leave aside letting its users also benefit from the growth. One cannot simply rely on the information put-up; every single claim has to be tested separately, which means time costs.

As an ex-Big 4 consultant, I was always on a hunt for my clients to write me testimonials, so as to add that extra edge to my credentials. We at Indorse make that step the first stepping stone, i.e., community based endorsement.

Dips Sukhani

Indorse said anyone should be able to profit from sharing their skills and accomplishments. They are one of the first blockchain startups to employEthereum Name Service (ENS) to address the phishing and fraud scams that have affected some recent token sales.ENS enables an easily identifiable and much more secure set of human-readable characters to be used as Ethereum token addresses.

Indorse users share information about themselves and stake their IND tokens. When someone in their network verifies that information, both sides are rewarded. Should someone make a false claim, they are penalized.This information can be leveraged across other networks too.

Indorse said Ethereum has several advantages.

Compared to other blockchains, Ethereum provides the compute engine capability and transparency needed for a decentralized economy to succeed and incentivize its own growth. The platform will be integrated with a number of decentralised applications (DApps) such as: Inter Planetary File System (IPFS), uPort identity system, Attores Certificate Issuance Platform, Truffle, Spectrum and Status.

David Moskowitz

Indorse will allow users to profit from sharing their skills and activities on the platform via reward tokens, founder and CEO David Moskowitz said. We envision a serverless, decentralized future, where the users will build their profiles and profit from their reputation. This future will need a decentralized platform where others can judge the quality of a persons profile not just by where they have gone to school, but what they have actually done in their professional and personal lives.

The Indorse white paper is available for download on the website.

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Professional social networking platform Indorse launches token sale - Bankless Times

Flipkart-backed Tinystep plans to be the mother of all parenting social network – Economic Times

Name of the company: Tinystep Launch date: September 2015 Founding team: Suhail Abidi Location: Bangalore Funding raised in 2017: $2 million Overall funding raised since starting up: $2 million Jobs added since starting up/Strength of the company: 40 Industry it operates in: Parenting & child care

As the saying goes, a baby does not come with a manual, but with lots of questions. Recognising and acknowledging the challenges faced by new parents, a Bangalore-based startup has created an online platform that doubles up as a social networking site designed exclusively for them.

Driven by paediatric experts as well as other parents, it hosts discussions that provide reliable information and helpful tips on baby-care.

"The transition from joint family setups to a more nuclear one left a huge gap in the support infrastructure," says co-founder of Tinystep, Suhail Abidi. "Unavailability of trusted services and high quality content around infant care further exacerbated the problem," he adds.

After receiving his MBA from Standford University, Abidi returned to India to work on a solution, thus giving life to Tinystep.

"Tinystep is a parenting social network that provides a great platform for new parents to engage with others who are on a similar journey," he says. "By connecting them with doctors, child service providers and other parents globally, it provides them a free and comprehensive platform to ask, share and build a robust support system," he adds.

Launched in September 2015, its 40 plus team has collectively built features that are increasingly driving user adoption, including group chat options and active QnA columns. Its exhaustive editorial posts also cover a wide range of related subjects including speech development in babies, postpartum anxiety among mothers, depression in children and feminine hygiene.

"To ensure the quality of our content, we have partnered with doctors and other healthcare professionals," says Abidi. "We also work with a lot of engineers who take care of other aspects of the business, including feedback, operations and marketing," he adds.

Baby steps The startup claims to have five million monthly active users across its website and app. According to its founder, users spend more than an hour every day on the platform.

"Tinystep has covered over 200 topics in its blogs and answered close to 1,00,000 queries on child-care," says Abidi. "Our app also sees active participation from over 2,50,000 mothers. In fact, we have dedicated a section exclusively for women who want to ask questions that may be deemed highly private by them," he adds.

The platform currently has content spanning seven languages, namely English, Hindi, Bengali, Kannada, Tamil, Telugu and Marathi. It also launched its iOS app recently.

Little surprise, then, when it won the attention of one of the country's largest online retailer, Flipkart.

It successfully raised $2 million from the e-commerce giant early this year, which admittedly recognizes baby care as an important category on its platform. Although Tinystep is non-committal about entering the e-commerce space at this stage, the startup is focussed on improving its user experience and expanding other services on its platform.

Growing up In addition to being a one-stop location for new parents looking for guidance on childbearing and rearing, it also offers paid services like photography, parties as well as fitness classes. It also provides tools that require greater engagement from its user community, including baby photo contests, online vaccination charts, pregnancy calendars and suggestions for baby names.

"Be it learning the best ways to potty-train or seek out home remedies for colicky babies or simply finding a nanny, Tinystep has become the go-to platform for young parents as they navigate through this exciting journey," says Abidi. "Nobody prepares you for this job, but having a support system helps you make less mistakes and become better care-givers," he adds.

In fact, the team had their own mistakes to learn from before experiencing success.

"When we started off, nobody in the team was a parent so we had a hard time understanding our target users," says Abidi. "We now have people who have had real time experience in this field, so things are more sorted now," he adds.

According to him, the challenges that the startup faces today are of a different nature. "Although we have a far better understanding of our users today, creating content for them based on their personalized experiences is no mean feat," he adds.

Planning for the future Even as its brand name conveys the exact opposite, the startup is poised to take massive strides within the multi-billion dollar mother and baby care market.

"Our target audience makes up over 100 million of the population, most of whom will be online in the time to come," says Abidi. "Once we hit 20 million monthly active users in India, we might expand to international markets too," he adds.

It also plans to monetise at a local level and list more services anchored around parenting on its platform, such as day care centres. As it stands today, charging brands for maintaining a page on its platform is what is driving the company's revenue. Additionally, much like Facebook, brands are charged higher for leveraging options like boosting their pages on the platform.

In a market which has seen a menagerie of players like Ratan Tata-backed Firstcry and Mahindra Group's Babyoye blooming over the years, this fairly young startup is showing all the tell-tale signs of becoming a differentiated content-rich social network for parents.

"I do not think any one formula works in this industry," says Abidi. "The market is huge and there are many smart teams going after it. We are obsessed with understanding our users and that puts us in a unique position and sets us apart from competitors who are more established than we are today," he adds.

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Flipkart-backed Tinystep plans to be the mother of all parenting social network - Economic Times

With IPO plans, China’s hipster social network Douban turns pragmatic – TechNode (blog)

Doubana Chinese social networking service that focuses on film, music, and booksrevealedon August 5 that its plans to go public overseas wouldbring in cash flow necessaryfor its product linesto run on independent budgets. The email did not mention which overseas market the company planned to list on.

The announcement comes from aleakedinternal email(in Chinese) that founder and CEO Yang Bo (more widely known as Ah Bei) sent to hisemployees, calling for a pragmatic pivotfor the company. A person familiar with the matter has confirmed the authenticity of the email to TechNode.

Ah Bei said in the email thatthe waning, profit losingproducts includingDongxi, a product once with high financialexpectations,will be terminated. A new content business group, centered around its first paid content feature Douban Time,will launch with the focus on generating revenue.

Founded in 2005, Douban has long adopteda self-described slow approach to its business modelagainst todayscurrents. Coupled with the sites focuson books, music, and movie reviews, Douban is widely known as a haven for Chinas utopianhipsters. Over the years ithas dabbled inseveral monetization attempts with fewsignificant outcomes. AlphaTown, avirtual city developed with the aim to make money from e-commerce and online gaming, shut down in 2015 after five years of operation.

As of 2016, Douban has accumulated 150 million registered users and 300 million monthly active users, Caixin reports.Its a much less sticky app, however, compared to other Chinese social networking giants. Basedona report by China Internet Network Information Center (CNNIC), Doubans usage rate (percentage of users who used the app in the last six months) in 2017 is 8.6%, compared to Weibos 38.7% and WeChats 84.3%.

Doubans last funding round was a$50 million Series C in September 2011.

Telling the uncommon China stories through tech. I can be reached at ritaliao [at] technode [dot] com.

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With IPO plans, China's hipster social network Douban turns pragmatic - TechNode (blog)