Weekly New/Digital Media (58)
Snapchat 'will be bigger than Twitter, Yahoo and AOL with advertisers' https://www.theguardian.com/business/2017/mar/26/snapchat-will-be-bigger-than-twitter-yahoo-and-aol-with-advertisers Summary: "Messaging app forecast to attract revenues of $3bn a year by 2019 by attracting hard-to-reach youth market" That bullish forecast is based on advertisers targeting the youth audience that the disappearing photo app has seemingly cornered Key facts/ statistics: Forecast to bring in revenues of more than $3bn (£2.4bn) a year before the end of 2019. . More than half (51%) of video users on Snapchat are under 24, compared with 23% for Facebook and 17% for Google’s YouTube, according to Ampere Analysis. Brands are also keen to see a true rival emerge to challenge Facebook and Google, which have recently come in for heavy criticism for their advertising practices . The two web giants currently account for 58% of the $141bn global mobile ad market. “You often hear a...