“Facebook may have 500 million friends, but it also has many, many rivals – including some huge ones in some of the world’s largest and fastest growing economies“.
The reports argues that there are new emerging competitors that threaten Facebook’s “All-Mighty” status: Local Facebook-like platforms and social gaming platforms such as The Great Indian Parking Wars, Orkut and Ibibo.
“While all the hype in the West is on the social networking giants such as Facebook and Twitter, consumers of some of the world’s fastest growing economies are embracing local champions.”
Read more on the report here.
What do you think: Do you agree with the main idea of the report? Do you believe that a similar platform is able to win the competition with social media giant, Facebook?
Looking forward to your comments down below…