Imagine a business traveler based in Seattle with a huge client in New York City. Needing to make a visit …
Extending Store Models Up and Down: Starbucks’ New Reserve Tasting Rooms and Express Models
13 Monday Oct 2014
13 Monday Oct 2014
Imagine a business traveler based in Seattle with a huge client in New York City. Needing to make a visit …
07 Tuesday Oct 2014
Generation Z is the latest cohort to emerge on the scene. These digital natives, born between 1997 and 2004, may …
01 Wednesday Oct 2014
For luxury carmakers, the lowest end models in their product lines often represent only a small portion of their sales. …
22 Sunday Jun 2014
The employees are wearing tropical shirts, the product labels feature puns and silly rhymes, and the manager goes by “Captain.” …
19 Thursday Jun 2014
Just when retailers had figured out how to appeal to the huge target market of Baby Boomers, along came their …
30 Sunday Mar 2014
Macau is the new Vegas. Actually, it’s bigger than Vegas, raking in an estimated $45 billion in gambling revenue, which …
16 Sunday Feb 2014
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According to a recent study funded by the European Union, the terms that U.K. teens (16–18 years of age) use to describe Facebook include “embarrassing,” “old,” and “dead and buried.” These are not exactly the sorts of images that a company that revolutionized social media prefers to embrace. So what has led Facebook, once the social media home base of teens, to become the last place they want to be seen?
Most analyses suggest the main problem was its growing popularity—and more specifically, its growing popularity among their parents’ generation. As mom, dads, aunts, uncles, and even grandparents joined the network, teens quickly became less willing to share quite so much. Humor sites collect various awkward moments when a teenager rails against an unfair parent on Facebook, only to have that parent respond with deeply embarrassing accounts of the teen’s behavior or the imposition of a new punishment.
Beyond these direct contacts, teens tend to assume that anything their parents like cannot be cool for them as well. If their grandmother posts pictures of her vacation to Facebook, seemingly by definition the site cannot be cool anymore.
As challenging as these trends are for Facebook, it could always rebrand itself as the social media location for middle-aged users who want to share their thoughts about their children or grandchildren. The larger question is where teens will go next to get their social media fix. The growing popularity of Snapchat implies that teens might begin preferring temporary, ephemeral sharing, possibly in reaction to the lessons learned when Facebook posts remain accessible to employers and school administrators. Moreover, teens seemingly use various sites for different purposes: Twitter for wide broadcasts, Instagram for visual sharing, WhatsApp for more personal interactions.
The variety suggests a gap in the market, waiting for some innovative entrepreneur to devise the next big thing, a site that teens consider cool and compelling—until their parents find it and ruin it too, of course.
Source: Chris Matyszczyk, “For Teens, Facebook Is ‘Dead and Buried’,” CNET, December 27, 2013, http://news.cnet.com
29 Wednesday Jan 2014
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Airline companies already collect most of the data that other sellers are desperate to access. Because of the security regulations …
19 Sunday Jan 2014
Loyalty programs are so ubiquitous, spanning so many industries, that they may seem unquestionable. But recent hearings held by the …
14 Thursday Nov 2013
In a world in which texting injuries—such as the accidents that happen when people walk into a lamppost because they …