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Google Cardboard's Social Media Buzz Skyrocketing; Yahoo's Tumblr Having Bad Time

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Google Cardboard's Social Media Buzz Skyrocketing; Yahoo's Tumblr Having Bad Time
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The latest data from TickerTags provides some insightful info on trends in social media and virtual reality. TickerTags monitors social media sites to identify trends by searching for words or phrases that are found together in social media content, such as tweets.

In the past 18 months, social media mentions of Yahoo! Inc. (NASDAQ: YHOO)’s social networking and microblogging site Tumblr are down a whopping 50 percent. In that same time, mentions of privately owned rival site Reddit are up 75 percent.

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When it comes to virtual reality, social media mentions of Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG)’s Google Cardboard has exploded 800 percent in the past year and a half. Google Cardboard is a $20 device that converts Android phones into virtual reality headsets.

By the end of 2015, Cardboard social media mentions surpassed those of rival Facebook Inc (NASDAQ: FB)’s Oculus Rift device for the first time.

While neither of these companies rely on virtual reality for a significant portion of their profits, this trend could be an early indication that Google is emerging as the market leader in the lucrative field of virtual reality.

Disclosure: The author holds no position in the stocks mentioned.

Image Credit: Public Domain

Posted-In: Cardboard google cardboard Oculus Rift RedditLong Ideas Tech Trading Ideas General

 

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