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Josh Constine @JoshConstine
, 13 tweets, 5 min read Read on Twitter
Mary Meeker's 294-slide Internet Trends report is too dense for most to read so I dissected it. Here are the critical takeaways. First, U.S. adults now spend 5.9 hours per day online. We're addicted. Period. 1/
The Internet itself's growth slowed down from 12% in 2016 to 7% in 2017. With fewer web rookies, growing your app's user count is going to get tougher. 2/
Most interesting (and worrisome) is the 38% of Chinese citizens will trade sensitive personal info for product improvements vs only 25% of Americans. That could give China a data advantage that helps it build tech more rapidly. 3/
We're responding to privacy scandals with the easiest action -- deleting apps -- rather than clearing cookies or digging into policies. More worrying is the 10X increase in malware. We may need to focus more on security, not privacy. 4/
2017 was the year of voice. Speech recognition hit a reliable 95% accuracy, and Amazon Echo installs went from 10M+ to 30M+. We'll see new behaviors and startups in music playback, news digests, and voice controls for everything. Does your app have voice strategy? 5/
Attention is moving to mobile faster than ad dollars. It gets 29% of our time, only 26% of ad spend. That means there are cheap users and sales to acquire if you're savvy with mobile ads. 6/
Amazon now gets more product searches than Google, as ecommerce hits 13% of all retail sales. But Jeff Bezos still has to rely on Fb, YouTube, etc to inspire demand. Amazon should build its own Pinterest-y visual product discovery feature. 7/
The internet is fueling freelancing, which is growing 3X faster than the total workforce. Craving scheduling flexibility, 6.8 million people will work in the on-demand economy in 2018. Plenty of room for more startups and jobs here, like the new army of scooter chargers. 8/
Who I call "key droppers" are spending less on or not buying cars and spending more on on-demand transport. Uber's driver count grew 50% in 2017, and it's now cheaper to commute by Uber than your own car in many dense cities. 9/
Hoping to pay off skyrocketing student debt, people are turning to cheap online learning where YouTube saw 1 billion hours of educational viewing in 2017. But we can't retrain everyone to be more capable than AI/robots and will likely need some form of universal basic income. 10/
China now has 9 of the top 20 tech companies, with U.S. hosting the other 11. But major investments in AI research, graduation of far more science students, and juggernauts like Alibaba will soon challenge America's web dominance. 11/
Immigrants! They get the job done. 56% of top U.S. tech companies were founded by 1st or 2nd-gen immigrants. We must fight new government policy that will restrict high skilled immigration, or those job-creators will be founded elsewhere. 12/
The next phase of the Internet's growth will depend on lowering mobile data costs. For the rest of my takeaways from Meeker's deck, check out my post here. And let me know what big trends she & I missed. techcrunch.com/gallery/mary-m… 13/13
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