Mary Meeker, partner at Kleiner Perkins and a longtime tech industry analyst, says that growth of internet businesses is slowing down, and that image sharing and messaging apps are the future. She covered these topics, and more, while delivering a presentation of her 2016 internet trends report at this year's Code Conference (full presentation here). Here are some of the key data points from her talk that you should know about: This article originally appeared on Recode.net.
Mary Meeker has revealed in her 2016 internet trends report presentation that messaging apps are a growth area beyond social networking, and could readily include businesses with the rise of “conversational commerce”. The report, which was released on Wednesday, found that mobile messaging is growing at an annual rate of more than 50% over the past three years, while Facebook Messenger grew by just under 30%. Ms Meeker also spoke about continued growth image sharing among Generation Z, which she said “loves to communicate with images”, and user-generated content on platforms such as Snapchat, Facebook and Instagram gaining millions of views.