KEY POINTS
  • Parler, TikTok, Discord and OnlyFans have emerged as up-and-coming social media apps with unique offerings that could threaten Facebook's stranglehold of the social media market.
Facebook CEO Mark Zuckerberg

In the aftermath of the election, millions of users rushed to sign up for Parler, an up-and-coming social media app that has quickly become a hub for conservatives seeking refuge from what they believe is censorship from Facebook and Twitter. Those companies have labeled or hidden posts from President Trump and others disputing the results of the 2020 presidential election.

This rush of sign ups launched Parler into the top spot on Apple's App Store list of free apps earlier this week. The surge is reminiscent of other social media upstarts that tried to exploit key markets where Facebook was lacking, like Snapchat among teens or TikTok for short-form video.