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Does social media companies take inspiration from other social media companies?

For example, does famous apps like instagram take similar features from snapchat?

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Trevor’s Answer

I don't know this for a fact, but I think it certainly seems so! Look at how Instagram and Facebook created 'Stories' which mimics the Snapchat functionality that existed long before!
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James’s Answer

Yes absolutely. When one social media company becomes more favorable and trendy other social media apps will try to identify those trends. If those trends remain popular, existing social media companies will make every attempt to implement those favored features to their own apps.
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T.J.’s Answer

Hello Christopher!

Yes! Companies frequently take ideas from other companies

TikTok's success has spread to Snapchat, YouTube, and other platforms, for instance.

On YouTube, there's "Shorts" where content creators share clips on their channel. That's a recent feature. Snapchat seems to model TikTok through it's "Spotlight" feature. They added that tool back in 2020.

You can read more about this phenomenon here:
1. Snapchat Spotlight is its Answer to TikTok - https://edition.cnn.com/2020/11/23/tech/snapchat-spotlight-tiktok/index.html

2. What is Snapchat Spotlight? - https://www.businessinsider.com/guides/tech/snapchat-spotlight?op=1

3. YouTube Shorts Global Launch in 100 Countries - https://variety.com/2021/digital/news/youtube-shorts-global-launch-1235018403/

Enjoy learning more about the companies' features :)
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Shirley’s Answer

While I haven't worked at those companies before I do know it is common for product managers to do competitive analysis, where we look into what other companies operating in the same space have done, what worked for them etc. So different social media companies definitely keep tabs on what new features are being released by their competitors, and analyze how that has worked out for them!
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Geetanjali’s Answer

Market analysis and Market insights is one of the very important factor within organizations. They need to understand the demand and supply and ways to make it better. This would also help them to discover or innovate which gives them the extra niche.
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