Video above published May 11, 2017, by L2inc.com: Scott Galloway on this week's digital winners and losers:
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| Source: video above |
Winner or loser? About.com, the failed content farm trying to reinvent itself as a collection of niche sites called Dotdash.
Loser: Millennials missing the boat on investing. As many as 80% are not investing in the stock market.
Sources:
(0:23) “Instagram’s Rapid Attack On Snapchat, In One Chart,” Business Insider, April 2017. http://read.bi/2q7d1Ml
(0:23) “Snap Inc. Reports First Quarter 2017 Results,” Snap Inc. May 2017. http://bit.ly/2q6mBzL
(0:27) “Instagram Now Has 700 Million Monthly Users,” Adweek, April 2017. http://bit.ly/2qeUEmd
(0:41) Yahoo Finance, May 5, 2017.
(0:47) “About.com Changes Its Name to Dotdash,” The Wall Street Journal, May 2017. http://on.wsj.com/2q7ktqW
(1:19) “Confirmed: IAC Has Bought About.com From The New York Times For $300M In Cash,” TechCrunch, August 2012. http://tcrn.ch/2q6cTx2
(1:24) “Stock Market Investing is for Old, White Men, According to More Than Half of Millennial Women,” Stash, March 2016. http://bit.ly/1RAoyrv
(1:32) “Investment Insights: Asset Class Return,” BlackRock, 2017. http://bit.ly/2r6yq6T
(1:39) “Robinhood Stock-Trading App Confirms $110M Raise At $1.3B Valuation,” TechCrunch, April 2017. http://tcrn.ch/2q7U2Cp
(1:48) “Millennial Investors Are Getting Smoked On A Tech Stock That’s Crashing,” Business Insider, May 2017. http://read.bi/2pF7TiG
(1:52) Yahoo Finance, May 2017.
Transcript (via YouTube.com):
0:02 Season 2, episode 1 of Mark Zuckerberg hates Evan Spiegel.
0:06 We've seen that Facebook is a loser and Instagram is the winner.
0:10 Facebook copied Snapchat's Stories feature
0:13 and placed it front and center on its interface -
0:15 but no one's using it.
0:17 However, when Instagram introduced the same feature, it was a hit.
0:20 Instagram Stories boasts more daily active users than Snapchat.
0:24 Instagram has 700 million users,
0:27 adding 100 million accounts just in the past six months -
0:30 putting the platform on track to reach a billion users by 2018.
0:35 Instagram has become the all-important growth vehicle
0:37 to substantiate what has become one of the five most valuable companies in the world.
0:43 Winner or loser? About.com.
0:45 The failed content farm is reinventing itself as a collection of niche sites called Dotdash.
0:50 About.com achieved a market value of a billion dollars in the early 2000s with a simple formula:
0:56 leverage user-generated content and optimize it,
0:58 or specifically game it, for Google -
1:01 generating traffic and the ability to sell advertising.
1:05 And then what happened under the cover of darkness?
1:07 Late one night, Google updated their algorithm as they do often
1:11 and immediately About.com was a shadow of itself.
1:16 A year later the company was sold for $300 million
1:18 and it's likely worth a lot less now.
1:21 A loser: millennials missing the boat on investing.
1:24 80% of millennials are not investing in the stock market.
1:27 It is difficult to time the markets
1:30 but over the long term the stock market has outperformed almost every asset class.
1:33 Stock trading app Robinhood,
1:35 which simplifies investing and is targeted to millennials,
1:37 just earned unicorn status with a $1.3 billion valuation.
1:42 Launched in 2014, the app boasts two million users,
1:45 doubling in size since October.
1:47 The most popular stock among Robin Hood's millennial users:
1:50 Chip maker Advanced Micro Devices,
1:52 which fell 18% last week.
1:55 Bottom line:
1:56 you're young, which means you're stupid.
1:59 Really smart decision, young man.
2:00 We can put that check in a money market mutual fund,
2:03 then we'll reinvest the earnings into foreign currency accounts
2:06 with compounding interest
2:08 and it's gone.
2:09 What the f**k?
2:11 The money in your account. It didn't do too well. It's gone.
2:17 We'll see you next week.
feedback & comments via twitter @DomainMondo
Follow @DomainMondo
DISCLAIMER
0:06 We've seen that Facebook is a loser and Instagram is the winner.
0:10 Facebook copied Snapchat's Stories feature
0:13 and placed it front and center on its interface -
0:15 but no one's using it.
0:17 However, when Instagram introduced the same feature, it was a hit.
0:20 Instagram Stories boasts more daily active users than Snapchat.
0:24 Instagram has 700 million users,
0:27 adding 100 million accounts just in the past six months -
0:30 putting the platform on track to reach a billion users by 2018.
0:35 Instagram has become the all-important growth vehicle
0:37 to substantiate what has become one of the five most valuable companies in the world.
0:43 Winner or loser? About.com.
0:45 The failed content farm is reinventing itself as a collection of niche sites called Dotdash.
0:50 About.com achieved a market value of a billion dollars in the early 2000s with a simple formula:
0:56 leverage user-generated content and optimize it,
0:58 or specifically game it, for Google -
1:01 generating traffic and the ability to sell advertising.
1:05 And then what happened under the cover of darkness?
1:07 Late one night, Google updated their algorithm as they do often
1:11 and immediately About.com was a shadow of itself.
1:16 A year later the company was sold for $300 million
1:18 and it's likely worth a lot less now.
1:21 A loser: millennials missing the boat on investing.
1:24 80% of millennials are not investing in the stock market.
1:27 It is difficult to time the markets
1:30 but over the long term the stock market has outperformed almost every asset class.
1:33 Stock trading app Robinhood,
1:35 which simplifies investing and is targeted to millennials,
1:37 just earned unicorn status with a $1.3 billion valuation.
1:42 Launched in 2014, the app boasts two million users,
1:45 doubling in size since October.
1:47 The most popular stock among Robin Hood's millennial users:
1:50 Chip maker Advanced Micro Devices,
1:52 which fell 18% last week.
1:55 Bottom line:
1:56 you're young, which means you're stupid.
1:59 Really smart decision, young man.
2:00 We can put that check in a money market mutual fund,
2:03 then we'll reinvest the earnings into foreign currency accounts
2:06 with compounding interest
2:08 and it's gone.
2:09 What the f**k?
2:11 The money in your account. It didn't do too well. It's gone.
2:17 We'll see you next week.
feedback & comments via twitter @DomainMondo
Follow @DomainMondo
DISCLAIMER