Strategic rivalry in the social media industry has been intense with the markets dominant player Facebook fending
Question:
Strategic rivalry in the social media industry has been intense with the markets dominant player Facebook fending off rivals such as Twitter, LinkedIn, and a host of smaller players. As these companies jockey for position through innovative product, differentiation users benefit with imaginative new ways of communicating with her contacts. At the same time, social media companies are finding additional ways to make revenue both through banner ads, and through the sale of information on their users to interested, third-party businesses in particular, the results can be seen not just in the social media market itself, but in the ways that Internet use is being shaped for the future
Question:
How do social media companies differentiate their product in the social media market
Expert Answer:
Answer Social media companies differentiate their products in the social media market in several ways 1 Unique Features and Functionalities Social med... View the full answer
