Re:Twitter Plans Hundreds More Job Cuts as Soon as This Week
by frankydp on Tuesday October 25, 2016 @10:26AM
(#12788242)
Niche: the situation in which a business's products or services can succeed by being sold to a particular kind or group of people
or a specialized market
Size is not necessarily a function of the word niche it only implies that the good or service being sold targets a group that is not a majority of all of the market participants. In twitters case 3.4B users on the internet, with only some subgroup that participates on social media and then only a subgroup of that group that wishes to participate with limited post length and then, business wise, just the business niche that have a large customer base within that subgroup of internet/social media/short form.
As an example BMW is a niche business, luxury auto, that had 92B in revenue last year.
or a specialized market
Size is not necessarily a function of the word niche it only implies that the good or service being sold targets a group that is not a majority of all of the market participants. In twitters case 3.4B users on the internet, with only some subgroup that participates on social media and then only a subgroup of that group that wishes to participate with limited post length and then, business wise, just the business niche that have a large customer base within that subgroup of internet/social media/short form.
As an example BMW is a niche business, luxury auto, that had 92B in revenue last year.