Is there room for yet another social media platform?
In case you haven’t heard of it yet, the latest social network to hit the scene is that of Pheed.
Pheed is a bit of a combination of everything. Think of a profile timeline similar to the Facebook wall, an interactive and user-friendly layout similar to Google+, photo sharing and tagging somewhat comparable to Instagram and Pinterest, and the incorporation of hashtags to promote trending topics.
When posting a new “Pheed” onto your Timeline, you have the opportunity to share text, audio, photo, video, or live broadcast. There is also the option to “remix” someone else’s post, which is similar to a Facebook “share” or a Twitter “retweet.” And you can share your Pheeds back to Facebook or Twitter.
Pheed can also be used as a sort of social media dashboard. You can post on Facebook and Twitter directly from your account without posting on Pheed itself.
The idea behind Pheed is to bring together all of the favorable aspects of the major pre-existing social networks and create a spot where everything can happen in one place. There is an opportunity for business to be created behind it as well. As per Mashable:
Monetizing Your Pheed
“Pheed’s concept is based on offering premium content. Pheeders have the ability to apply a month subscription fee ($1.99 to $34.99 per month) to their streams or users can charge on a pay-per-view basis ($1.99 to $34.99). Pheed takes 50% the content’s revenue and the user takes the rest.”
Celebrities such as Jamie Foxx, Paris Hilton, Leona Lewis, and David Guetta have already latched on to the network and are using their first-mover advantage to gain more fans by the day.
If you were to go to the iTunes App Store right now, you would see that Pheed is the number 1 ranked free app in the “Social Networking” category – ahead of Facebook and Twitter.
While there are definitely some knocks against Pheed, you can’t challenge its idea, nor its intention. Does it lack originality? Sure it does. The only ‘new’ features that it brings to the table are the ability to post large audio files and videos (up to four hours in length). But do people really need anything new right now as it is?
Pheed has gone out and created something that amalgamates the users of the major social networks into one giant community. With a current user-base hovering around a couple million users, they have built a foundation that they can run with and potentially develop into the next big thing. Only time will tell if Pheed will be phenomenal, or simply the next social network in line to be phorgotten.