Palm Beach, FL – (October 17, 2017) – Social media has become essential in modern society and according to Ameri Research Inc., the continued growth is very evident with estimated revenues of 13 billion USD in 2016 and is still expected to grow at a CAGR of 21.29% till 2024. Rapid development in innovative apps and social network platforms, online media marketing and a continually increasing number of users are all part of the major growth factors for social media industry. The social media market is one of the core emerging fields for technological innovation as the growth of the industry has impress many on Wall Street and is forecasted to continue to show positive numbers Active tech companies in the social media market today include: Findit, Inc. (OTC: FDIT), Facebook, Inc (NASDAQ: FB), Twitter Inc. (NYSE: TWTR), Snap Inc. (NYSE: SNAP), Microsoft Corporation (NASDAQ: MSFT)

Findit, Inc. (OTC: FDIT) a Nevada Corporation which owns Findit.com rolled out several key features the past 2 weeks. The updates were done in the App and on Findit.com. The App is now available in the Apple® App Store and the Google Play Store. With the recent launch of the App, Findit has a list of features the team is developing that will improve its members experience that could result in an increase in their visibility and interactions on Findit, outside search engines that include Google, Yahoo and Bing – a Microsoft (NASDAQ: MSFT) company – along with social and bookmarking sites that include Facebook (NASDAQ: FB), Google + and Twitter (NYSE:: TWTR).

One of the new features to Findit Right Now App is the inclusion of members that are following you. Members on Findit can now see who is following them and who is following other members. People are use to seeing this feature on Twitter and in Facebook and Findit knew it had to add it to provide our members and visitors more ways to find each other and connect.

Peter Tosto stated “We always knew we needed to have this feature. But we accelerated the process when we saw a review in Google Play Store from a member who downloaded the App and was discouraged it was not available. The feature is now on the App and has been on the website. This ought to result in people spending more time on the App as people tend to click to see who is following who and then add them as followers as well.” Read this entire release and more news for Findit, Inc. at: http://www.marketnewsupdates.com/news/fdit.html

… Adding Followers into the navigation of the App now provides members the ability to click on Followers screen name and check out what they are posting. This will increase interactions between members. This feature is similar to users, like ourselves, of Facebook, Twitter and Instagram, when the profiles are not set to private. Snap, Inc “Snapchat” (NASDAQ: SNAP) does not allow you to view who is following someone else. Findit believes that by having an open platform and allowing people to view and interact with one another easier, people can connect much quicker than on several other Apps. We do have blocking available if a member does not want to see someone’s posts. The follower’s addition will help to get members and non-members clicking around Findit and seeing more member content from the members About page and scrolling through their Right Now feed. Overall we expect this to increase the amount of time visitors spend on Findit as they peruse Findit posts…

… Findit Paid For Services: Findit is a free platform that anyone can use that offers paid for services. These paid for services as the Findit brand grows are very useful to current members utilizing them. They include Findit URLs, submitting to Findit search web pages you want indexed, promoting posts in Findit to Findit’s social accounts on Twitter, Facebook, Google + and other bookmarking and social sites and Findit’s news and press release distribution services. Download the Findit App for IOS devices here Apple App Store – Download the Findit App for Android at Google Play Store

In other industry news and developments from around the social media sector:

It has been reported that Facebook, Inc (NASDAQ: FB) has acquired the anonymous social networking app tbh for an undisclosed amount, and intends to continue to operate it as a standalone app. The acquisition was first reported by Techcrunch Monday, which put the acquisition price at around $100 million. tbh allows users to create polls based set questions, including “who makes you laugh the hardest” and “who has the best smile.” Users then select up to four contacts from their address book. The sender of the poll remains anonymous, unless she or he decides to reveal their identity. Read the full article at http://variety.com/2017/digital/news/facebook-tbh-acquisition-1202591348/

In a recent article from recode, it’s been more than two weeks since Twitter Inc. (NYSE: TWTR) has given some users the option to send longer character tweets, and guess what? Twitter is fine. When Twitter announced that it was testing longer tweets — some users now have 280 characters to say whatever is on their mind instead of the traditional 140 characters — you would have thought Twitter was forcing people to drink Soylent for the rest of their lives. People freaked out. All was terrible. Except not. The company seems fine. Twitter’s stock price is up, no celebrity users have abandoned Twitter as a result, and there don’t appear to be any embarrassing Twitter memes still circulating that roast the company for the test. Read the full article at: https://www.recode.net/2017/10/14/16473992/twitter-280-140-longer-tweets-jack-dorsey

Snap Inc. (NYSE: SNAP) – Snapchat is more popular among U.S. teens than ever, according to new research from investment firm Piper Jaffray. The company surveys teens in the U.S. about their media habits every spring and fall. This fall’s survey found that 47 percent of surveyed teens say Snapchat is their preferred social media, up from 39 percent in the spring. Way back in the spring of 2015, Snapchat was their least preferred social media platform. And Instagram hasn’t been the most popular platform since 2015, according to the survey data.

Microsoft Corporation (NASDAQ: MSFT) made a move into the social media arena last year by acquiring Linkedin in a $26.2 Billion dollar cash deal. The acquisition was considered the largest in the Company’s history that united two major companies in different businesses. It was recently reported LinkedIn is rolling out video ads, which will be displayed as standalone posts, as opposed to pre-roll or mid-roll ads, with a “Promoted” label, Recode reports. Video ads will auto-play without sound, and are currently only being tested on mobile. Select advertisers are part of the soft launch, and the company plans to roll out video ads to all brands in the first half of 2018.

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