June 14, 2024

Top 10 Facebook Competitors Companies in the World

facebook competitors

Introduction

Facebook competitors exist in different niches and industries. Here, we covered Facebook Competitors Companies in World that work hard to take social media dominance from Facebook. These top 10 Competitors of Facebook operate in different countries and not just in the United States.

Meta platforms Inc previously named Facebook is an American multinational tech company located in Menlo park California. Meta owns Facebook, Instagram and WhatsApp. The company is considered one of the giants of the Technology industry alongside Microsoft, Apple, Amazon and Google (Alphabet).

Facebook is an online social networking service owned by Meta. It was founded in 2004 by Mark Zuckerberg and his fellow Harvard college roommates Eduardo Saverin, Dustin Moskovitz, Chris Hughes and Andrew McCollum.

Facebook can be considered one of the largest social networks. Today, we are going to be looking at 10 companies that are giving Facebook stiff competition.

Here are 10 Facebook competitors companies in the world

10. VKontakte

VKontakte or VK for short is a Russian media and social networking platform company based in Saint Petersburg. The platform is available in multilingual but is used mostly by Russians. The platform has similar features to Facebook like private chats, public chats, group creation, pages and events.  Users can also tag people in their images, audio and videos as well as play games on the social network.

The social network was created by the Durov Brothers Pavel and Nikolai in October 2006, incorporated on January 19, 2007, and has over 600 million registered users (April 2020). It is the 4th most popular website in Russia and the second most popular social media in Russia. Facebook had around 8 million active users in Russia While VK had 85 million active users. The upper hand that VK has over Facebook is that it allows its users to listen to and save music offline from around the globe while Facebook does not have the feature.

9. WeChat

WeChat is a Chinese-based social media ecosystem. The social media platform was released on the 21st of January 2011 and own by Tencent holdings limited.  The platform became the world’s largest independent application by 2018 with more than a billion active users monthly.  The application is described as China app of everything owing to its variety of functions. The app provides text messages, voice notes, broadcast messaging, video calls, games, sharing of images and videos and also location sharing.

 The platform is said to be what Facebook aspires to be in a long run. WeChat is the only platform that possesses more features than Facebook. Its main factor over Facebook is the ability to host many programs like games within the app which the Facebook app lacks.

8. Top Facebook Competitor for live videos – YouTube

YouTube is an American online video-sharing and social media platform launched on the 14th of February 2005 by Chad Hurley, Steve Chen and Jawed Kareem. The company headquarters is located in San Bruno, California.  The company is now owned by Google and it is the second most searched website after Google search.  The platform has more than 2.5 billion clients.  YouTube offers a longer shelf life to its videos than Facebook soon watch. Videos on YouTube also ranged category-wise.

 The major twist here is how the platforms define their views.

 YouTube defines views as getting an actual click on the videos while Facebook account views even when the video autoplays for just three seconds.

7. LinkedIn

 LinkedIn is an American business and employment-oriented online platform which operates through the web and mobile app. Released on May 5th 2003 by Reid Hoffman and Eric,  the platform is used mainly for professional networking and career development. LinkedIn became a fully-owned subsidiary of Microsoft on December  2016. The platform has over 800 million registered members from more than 200 countries worldwide.

 LinkedIn and Facebook are very much different platforms but compete with one another when it comes to the point of attention from users and getting ads from advertisers. Facebook launched jobs making LinkedIn a direct competitor.

 6. Snapchat

 Snapchat is an American multimedia instant messaging application developed by Snap Inc. Snapchat’s selling points are picture messages and cold snaps.  These pictures are only available for a short period of time before becoming inaccessible to the other party. The app also has my eyes only feature which enables users to store their private photos with password encryption.  The company was created in September 2011 by Evan Spiegel, Bobby Murphy and Reggie brown.

Here are Top 5 Facebook competitors companies in the world

 5. Pinterest

 Pinterest is an image-sharing and social media platform created to allow the saving and discovery of information online through images and animated GIFs in form of pin boards.

 It was created by Evan Sharp, Paul Schiera and Ben Silbermann in December 2009. The platform has over 433 million global active monthly users as of the time of this writing. Its headquarters is in San Francisco.

4. Twitter

 Twitter Inc. is an American communications company located in San Francisco, California. The company was created on the 21st of March 2006 by Jack Dorsey, Noah Glass, Biz Stone and Evan Williams.

 Twitter competes with Facebook when it gets to the matter of user engagement. Twitter has the upper hand as it transmits messages in life events among millennials.

Top 3 Facebook competitors companies in the world:

Here are top Competitors of Facebook. These 3 companies are competing fiercely with Facebook in different niches.

3. TikTok

This social media and video-sharing platform was launched in 2017 but within the space of a year, it had a user base explosion of 700 million users, giving credit to its investment in influential marketing.

 TikTok is one of the biggest competitors of Facebook as it has 1.2 billion monthly active users and its user base is growing at a very rapid pace.

 TikTok dominates Facebook in some areas due to the fact that most of its users are Generation Z which are people from the age group of 16 to 24 and it understands their preferences.

2. Amazon

 Amazon is a multinational technology company that places its focus on e-commerce, cloud computing, artificial intelligence and digital streaming. The company has been called one of the most influential economic and cultural forces in the world.

 Created on the 5th of July 1994 by Jeff Bezos in his garage in Washington. The company has annual revenue of over $469.882 billion and over 1.6 million employees. Facebook got into competition with Amazon for who owns the online market space. Amazon is competing with the Facebook marketplace. The difference between Facebook marketplace and Amazon lies in their ad sponsoring services as Amazon seems to have better marketing strategies for their sponsored ads.

Top Facebook competitor for Ads

1. Google

 The biggest competitor of Facebook is Google and this comes in the aspect of advertising. Besides the ads, Google brought out how Orkut, Google Hangouts, Hello, Allo etc., compete with Facebook and its subsidiaries when it gets to the matter of social media platforms.

 Google surpassed Facebook by a large margin revenue-wise as it made $209 billion while Facebook made $114 billion in 2021.

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