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Ken Reeves Profile picture
Ken Reeves
@kenreeves_
I share things about stocks, crypto, and business | Opinions, not advice | Analyst + Product Lead at @CentsInvest
Sep 23, 2021 • 12 tweets • 8 min read
Today, I looked through App Annie's presentation called "The Evolution of Social Media Apps"

I wanted to share some of the insights here and how this evolution relates to popular stocks👇

$GOOG $FB $SNAP $TWTR $AMZN $TCEHY $YY #TikTok $DIS $NFLX What is the Scale of the #SocialMedia Mobile Market?

- 74 billion downloads to date
- 4.7 billion downloads in H1 2021
- $3.2 billion spent on social apps in H1 2021 (up 50% YoY)