"It seems every single social network is trending towards feature parity with each other (...) Some (important) differences remain, but from an observer time-travelling forward from 2012, the social networks of today would appear nearly interchangeable."

And [2]:

"I can't help but feel that value is paradoxically lost (for the user) once everyone iterates themselves into equivalence. Network effect advantages become almost irrelevant when everyone maintains an equally split presence. And if value is lost for the user, their platform loyalty will plummet.

Facebook and Snapchat will begin to be perceived as a 'utility' (something that has already happened to Twitter), meaning, we as a society all expect these functions of social networking and messaging to be fulfilled by a provider, but the exact provider is no longer relevant. Pressures to maintain a positive balance sheet will lead to a proliferation of ads."

[1] https://news.ycombinator.com/item?id=12083820 [2] https://news.ycombinator.com/item?id=12083903