This article can be found in the MyWallSt App, alongside an audio companion. Sign up today for a free account and get access to dozens of expertly written articles and analyst opinion pieces every month.
Gloating is unbecoming. But to quote John Steinbeck:
"You can boast about anything if it's all you have. Maybe the less you have, the more you are required to boast."
With the current market downturn and abysmal final season of 'Killing Eve', I have little and even less about which to brag.
So today, in a move that is entirely self-serving, we will revisit my piece from New Year's that outlined what I believe to be the most important, up-and-coming trends in social media. As a reminder, they were:
I am happy to report that when it comes to points one and three, I am vindicated.
Not only did Facebook report its first quarter of negative user growth, but I have spotted a legitimate challenger to Instagram that has harnessed the small group aesthetic.
Over the last month, I have seen teens acting rather oddly on TikTok. They're loitering around scenic viewpoints, sitting in coffee shops with untouched cappuccinos, or going for "hot girl walks". The Eiffel Tower has never seemed more popular.
Why are they spending their days in such a way? One reason: BeReal.
The Home of Successful Investing.
© 2023 MyWallSt Ltd. All rights reserved.