Facebook Inc (FB): Twitter Is Aiming for Its Crown

Beyond 140 characters
In addition to Twitter’s value distributing the written word, the site recently expanded its 140 character updates with video-sharing service Vine, which allows users to take short videos and post them to the site from within the Vine app. Vine launched on Jan. 24 of this year, and by April 9 it was the most downloaded free app on the App Store, adding millions of more users for Twitter.

Facebook should watch out
The combination of Twitter and Vine creates a formidable opponent to Facebook Inc (NASDAQ:FB). Twitter has proved to be a useful tool for media, companies, and government officials to distribute information, which is attracting new users. Active Twitter users doubled to 200 million last year, outpacing 25% growth on Facebook. It still lags the 1.06 billion people using Facebook Inc (NASDAQ:FB), but its faster pace of growth and increasing importance as a “news” source makes it likely to take the social media crown in the next few years.

If you’re still not convinced — just look at the importance Twitter had over the past week.

The article Twitter Is Aiming for Facebook’s Crown originally appeared on Fool.com.

Fool contributor Travis Hoium has no position in any stocks mentioned. The Motley Fool recommends Facebook. The Motley Fool owns shares of Facebook.

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