Could Niche Social Networks Eat Away At Facebook's Dominance?
Many people may have scoffed when MySpace announced a rebirth, but could the music-based site chip away at Facebook's stranglehold on social media? That's what USA Today is wondering, noting that as Facebook grows and becomes more general, niche sites such as Pheed and CyPop could become more popular, as well.
Many people may have scoffed when MySpace announced a rebirth, but could the music-based site chip away at Facebook’s stranglehold on social media? That’s what USA Today is wondering, noting that as Facebook grows and becomes more general, niche sites such as Pheed and CyPop could become more popular, as well.
Although it’s hard to imagine one of those social media sites accumulating more than 1 billion users, they bring something different to the table. While Facebook wants to be everything to everyone, niche networks focus in on specific topics or specialties, attracting those with similar interests.
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