2. Video. As any online market analyst can tell you, social media’s video aspect is booming and is only projected to become even stronger. Facebook Live and Facebook 360 are two ways that the site will continue to develop the medium into their format. However, we may see even more extensive changes such as timeline shifts towards video and added editing tools. In 2016, we saw Snapchat dominate on the mobile side of social media. Facebook took notice and already copied a few features from their competitor via Instagram and Facebook Live. Get ready for a video war!
3. Marketplace. Recently, Facebook released the Marketplace, which is meant to compete with eBay, Craigslist, and LetGo. Users have been widely receptive, and we predict further developments of this new side of Facebook.
4. Facebook-native content. It’s no secret to anyone who is involved in the social media marketing industry that Facebook likes for its users to stay inside its walls. That’s why uploaded videos take precedence over YouTube links and Instant Articles appear more prominently over links to news articles and blogs. We will certainly see more of this, and a smart marketer knows his or her way around this.
For a long time, Facebook was the undisputed king of social media. Now, they have quite a bit of competition. Regardless, they aren’t going down anytime soon, and these updates prove they are willing to go the extra mile for their users.
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