Twitter v. Facebook

 http://bits.blogs.nytimes.com/2013/09/13…

This article in the New York Times discusses the many similarities of two very popular networking websites, Twitter and Facebook. Based on the article’s comparison, it seems that the author is suggesting that the websites can be used as substitutes to one another, but as a student on a college campus where I get to witness the amount of social media use that goes on, I would have to disagree; Twitter and Facebook are definitely compliments.

2 Comments »

  1. Emma Jenkins Said,

    September 19, 2013 @ 9:59 pm

    Most people who use both Facebook and Twitter probably have a preference for one of the social media sites. Although the two sites are somewhat different, I believe that they are substitutes for one another. A substitute is a good that can be used instead of another similar good; complements are goods used together. If Facebook, for example, began charging users every time they logged into the site, people probably would use Twitter much more. The demand for Twitter would increase because its content remains free.

  2. Matthew Ferry Said,

    September 21, 2013 @ 9:34 pm

    This is a pretty interesting article. Provided the information that’s by shared about twitter’s finances, it’s pretty hard to estimate what their IPO will be. I suspect that it will be lower than Facebook’s (and will hopefully have better success). Hopefully it doesn’t go down the same path that Facebook’s stock has, because Twitter’s actually very enjoyable to use. Once Twitter debuts its IPO it could decline like Facebook’s did, considering they’re similar companies in the sense that they don’t sell physical products and largely make money through advertising and third-party applications.

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