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Snapchat Shows We're Still Writing In Hieroglyphs

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Snapchat Shows We're Still Writing In Hieroglyphs
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The popularity of Snapchat — and the seeming preference of smartphone users to communicate with pictures and symbols above all else — shows we’re still writing on cave walls, Loup Ventures argued in a Thursday analysis.

The difference? Today’s hieroglyphs and petroglyphs are digital.

“Because of the smartphone, text is no longer the path for humanity to accelerate its rate of evolution through communication. It’s hieroglyphics again,” said Loup Ventures analyst Doug Clinton.

A certain app — one headed for an IPO under the name of Snap Inc. — has positioned itself as the new cave wall. Snapchat’s growth mirrors a move away from text messages and toward communicating with a camera, according to Loup Ventures.

The Rising Role Of The Camera In Social

Data leaked from investors show Snapchat added 100 million users over a period of nine quarters, Clinton said, adding: “We believe Instagram did the same thing in about six quarters and Facebook did it in about four quarters.”

While Snap lags well behind the 1.1 billion daily users at Facebook Inc (NASDAQ: FB), and hasn’t experienced the same rate of growth, Clinton said both Snapchat and Instagram are more valued by the key teen demographic.

Snapchat tweaked its design this month, adding a new search bar, the ability for a user to access their profile from any screen and simplified the process of finding friends.

Text will play an even lesser role in the future as interfaces such as virtual reality and augmented reality are further developed, according to Loup Ventures.

“The camera will be an extremely important part of both VR and AR, so building social products around it is the best strategy to be relevant in social moving forward.”

Posted-In: Doug Clinton Loup Ventures SNAPNews IPOs Tech Media General Best of Benzinga

 

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