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Social media business

After Gen-Z's violent protests, the Nepal government finally lifted its ban on social media. 26 social media apps were banned by PM Oli on September 4, in protest against which the people of Jane Z generation reached from the road to Parliament. The crowd became uncontrollable, which the police also had to fire to control, in which 21 people also lost their lives. However, one thing can be clearly guessed from all these, how much social media craze is among the people. Right now GEN-Z came on the road but also above 30 years of its JD. But, do you know how much business of social media industry is. How much do the owners of Insta, Facebook and Snapchat earn from them?

The Nepal government had banned the first 26 apps in its country, the reason behind which was that 26 social media apps like Facebook, Instagram, YouTube, WhatsApp, Redit were not registered with the government. The government says that this step was taken to follow the rules, not for censorship. But the youth took to the streets against it. Later, the government withdrew its decision late at night.

Use of social media

The craze of social media is very good not only in Nepal but also in India. Along with Jane Z, old bourgeois also uses it a lot. According to reports, only the people of Jane Z generation spend an average of 4 to 6 hours on social media throughout the day. Watch reel and short videos. This makes companies with social media apps strong.

How much is social media business

According to the report of The Business Research Company, the market size of social media is continuously increasing. In 2024, it increased to more than $ 185 billion. At the same time, it is expected that by the year 2029 it will increase to $ 341.7 billion with 13.2 percent CAGR growth. In this too, the continent of Asia has been the largest largest region in the year 2024 and its craze is growing fastest in Africa.