Explaining Snapchat's Success

Snapchat is killing it.

The app is currently enjoying 6 billion video views a day, sources tell the Financial Times. If accurate, that’s up by about 300% since May.

What’s more, those numbers aren’t far off from the 8 billion daily video views that Facebook presently sees across mobile and desktop. Yes, that Facebook.

The numbers are even more impressive when you consider that Snapchat claims around 100 million daily active users, which is less than a tenth of Facebook’s 1.01 billion daily active users.

What explains Snapchat’s success?

It’s not rocket science. Video and mobile are obviously driving consumer usage trends. To explain the startup’s popularity relative to countless others, I think the key ingredients have been luck and good timing. (Way back when in 2011, young users were simply ready for a video-based messaging app to call their own.) Oh, and you can't underestimate the power of a good gimmick. That Snapchat’s messages disappeared struck users as fresh, fun, freeing, and seemingly a little mischievous.

Those components got the ball rolling, after which point massive market demand for video-based apps combined with some smart business decisions have cemented Snapchat’s place in consumers' hearts.   

Oh, and don't forget about a lot more luck and good timing. Take CEO Evan Spiegel’s recent appearance on "The Late Show with Stephen Colbert." As Spiegel giggled like a kid who’d just stumbled on a $16 billion pot of gold -- which he basically did -- Colbert told his millions of viewers how crazy he is about Snapchat. Are you kidding me?!

Now, Snapchat is developing new features as fast as users can figure them out, and bringing in the best business minds money can buy. The only thing that can -- and will -- slow its ascension is young consumers’ readiness for the next big thing.

1 comment about "Explaining Snapchat's Success".
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  1. Leonard Zachary from T___n__, November 9, 2015 at 2:16 p.m.

    SnapChat vs. FB
    FB vs. GOOG

    This means Mobile is King and no one has the Right Video Platform........

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