Culture
Pop app: Social media buzz is difficult to maintain

Pop app: Social media buzz is difficult to maintain

Pop app

If you spend time on the internet, you'll know it’s rare to go more than a few months without hearing about a new social media app, each with a fresh angle that promises to break the cycle of mindless scrolling.

This week, it was the turn of Lapse — which, counterintuitively, uses the astonishingly impressive iPhone lens to mimic a disposable camera — ranking 3rd on the App Store chart for free apps.

But, if creating a breakout hit is hard, maintaining that momentum is much, much harder. Analysis of the relative Google search volume for the internet’s most recognizable platforms shows that, bar a few familiar exceptions, whatever interest initially goes up, comes down hard when apps fall out of favor (see: Bebo, Vine, Friendster, MySpace, Clubhouse, BeReal, and many, many more).

Even having one of the most famous people on the planet as your talisman can’t guarantee success. This week, former President Trump’s platform Truth Social reported operating losses of ~$35 million since its inception, as the social network remains in legal and regulatory limbo.

Unsocial media

Platforms like Lapse and BeReal are sometimes billed as being anti-Instagram by attempting to reconnect people with their friends and family in an unfiltered way — filling a gap for social media that’s actually social, rather than focused on news or entertainment.

But, while the mega apps are old and ugly enough to act as lightning rods for regular criticism (Facebook will turn 20 in March), people can’t seem to stop using them. Indeed, just this week, Apptopia data revealed that Meta’s biggest apps saw modest increases in daily users, beating out Gen-Z mainstay TikTok.

More Culture

See all Culture
Doctor Working on Robot Woman

The peptide gold rush: How impending deregulation could supercharge a shadow industry

Peptides, the gray-market supplements that have flooded Silicon Valley, may soon make their way into the mainstream. Who stands to benefit?

culture
Saleah Blancaflor

Prediction markets show “One Battle After Another” leads in Oscar race for Best Picture

It’s finally Oscars week — and with voting officially closed, all that’s left to do is count the ballots and wait to see who wins this Sunday night. 

This year, the acting categories have been the most interesting to watch, especially the showdown between “Marty Supreme” star Timothée Chalamet and “Sinners” actor Michael B. Jordan for Best Actor. While Chalamet was long the favorite, Jordan has caught up and overtaken him after winning the Actor Award.

(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

But perhaps the most exciting race of all is for Best Picture. Out of the 10 nominees, the two at the top are Paul Thomas Anderson’s “One Battle After Another” and Ryan Coogler’s “Sinners,” both of which are studio releases from Warner Bros. Discovery

Which will win the top prize seems to be split among award pundits and experts. As of Monday afternoon, Gold Derby still has “One Battle After Another” as the front-runner with odds of 76.87%. AwardsWatch, AwardsRadar, and Numlock Awards are also still predicting that “One Battle After Another” will take the statue for Best Picture.

On the other side, reporters from some major trade publications like Variety’s Clayton Davis and The Hollywood Reporter’s Scott Feinberg predict that “Sinners” will take the top honor.

Odds in the prediction markets currently show that “One Battle After Another” is still ahead of “Sinners,” with the former priced in at 75% while the latter is priced at 23%.

Loading...
 
Loading...
 

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, Robinhood Derivatives, LLC, or Robinhood Money, LLC. Futures and event contracts are offered through Robinhood Derivatives, LLC.