Jun 04, 2017

Question: How Long Did it Take for Social Media To Be Used By 1/4 of U.S. Population?

Answer (see chart below from Kleiner Perkins): 5 years.

Mary Meeker is out with her annual Internet trends slide deck (300+ slides), which makes for a fascinating read (do you read slides?). I will be interspersing her charts in the weeks ahead. Lots of interesting data and visualizations about the pace of technological change. Here is a chart showing adoption curves for new technologies, both old and new: 

Questions:

  • What do you notice about the speed at which new technologies are adopted by U.S. population?
  • How can you explain the answer to the first question? Why?
  • Why do you think it took 16 years for 1/4 of the population to use a PC?
  • What do you think were the barriers to cellphone adoption?
  • This chart looks at the speed for a technology to be adopted by 1/4 of the population? How long do you think it takes to get the next 1/4 of the population? Longer or shorter than the first 1/4? Why?
  • Which of the innovations above had the most dramatic impact on living conditions?

About the Author

Tim Ranzetta

Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.

author image More by Tim right solid arrow
Mail Icon

Subscribe to the blog

Join the more than 12,000 teachers who get the NGPF daily blog delivered to their inbox:

SIGN UP