Wilson a venture capitalist was one among the few to spot the emergence of social media. He invested in Tumblr,Twitter,Zynga,Foursquare,Zynga,and a few others. Personally he believes that social media has reached the threshold point and can’t move forward. He feels that entrepreneurs will continue to develop new apps, but the growth of that app will be minimal. Only the big players will stay here as their places are secured. There is no room for innovation here.
Every year there are a couple of new apps launched,stealing away customers from the old apps. For eg: whatsapp has stolen families and group users from facebook.Snap chat has stolen the younger generation from Instagram. This trend will be the trend for the next 20 years.
1)Do you guys agree with Wilson? If not which app will take over the market share from mature players like Facebook and whatsapp?
2)Is this trend of stealing away customers a healthy one or not?
3)Will mature apps keep re-inventing themselves leaving no room for new players?