Major indices finish lower amid GE earnings disappointment >>> READ MORE

20 Social Media Networks Facebook Has Outlived

FB stock performance reflects Facebook’s killer instinct

    View All  

Facebook (FB) was hardly the first social media network, and once it gained traction there were plenty of wannabes that piled on in attempt to take Facebook out.

Facebook-social-media-fb-stockThrough it all, Facebook has not just survived, but thrived and FB stock has overcome a messy IPO to perform well. Facebook has been a brutal competitor, killing off dozens of would-be “next big things” in the social media space.

That’s one of the key reasons FB stock has done as well as it has. Mark Zuckerberg and company don’t just have big ideas, they’ve proven they can monetize those ideas (to the tune of $2.585 billion in quarterly revenue), they’ve got billions of users, and they’re ruthlessly competitive.

While social media networks like Twitter (TWTR) and Google’s (GOOG) Google+ are still here and more or less thriving, the road is scattered with less fortunate companies that were steamrolled or simply outlasted by the FB leviathan.

We’ve put together a list of 20 or so social media networks that met an early demise thanks to the Facebook effect, and a handful that are on the endangered list. Don’t be surprised to see some of the biggest names in the tech industry show up on our list of social media networks Facebook has outlived.

Article printed from InvestorPlace Media,

©2017 InvestorPlace Media, LLC