Dubai Telegraph - European minnows bid to challenge social media giants

EUR -
AED 4.175552
AFN 72.766476
ALL 94.162098
AMD 417.226554
ANG 2.035648
AOA 1043.169984
ARS 1679.636802
AUD 1.644928
AWG 2.046559
AZN 1.92839
BAM 1.955047
BBD 2.284181
BDT 139.496304
BGN 1.922493
BHD 0.428616
BIF 3388.19249
BMD 1.136977
BND 1.471414
BOB 7.836708
BRL 5.905231
BSD 1.134143
BTN 107.003929
BWP 15.475839
BYN 3.227601
BYR 22284.755976
BZD 2.280982
CAD 1.614792
CDF 2580.938264
CHF 0.920495
CLF 0.026587
CLP 1046.394248
CNY 7.720645
CNH 7.732367
COP 3919.547483
CRC 516.189954
CUC 1.136977
CUP 30.1299
CVE 110.218696
CZK 24.259115
DJF 201.961371
DKK 7.474711
DOP 66.832805
DZD 151.71364
EGP 56.316417
ERN 17.05466
ETB 180.381436
FJD 2.576502
FKP 0.864046
GBP 0.861095
GEL 3.00102
GGP 0.864046
GHS 12.755641
GIP 0.864046
GMD 82.430365
GNF 9938.043459
GTQ 8.652403
GYD 237.290312
HKD 8.914414
HNL 30.380123
HRK 7.530884
HTG 148.229683
HUF 354.486503
IDR 20428.071971
ILS 3.391518
IMP 0.864046
INR 107.9276
IQD 1489.440323
IRR 1563400.698685
ISK 143.986411
JEP 0.864046
JMD 178.749622
JOD 0.806128
JPY 183.939063
KES 147.307059
KGS 99.429036
KHR 4559.279095
KMF 493.447827
KPW 1023.280009
KRW 1756.368857
KWD 0.352043
KYD 0.94512
KZT 549.658752
LAK 25087.404586
LBP 101564.518415
LKR 382.216151
LRD 206.406917
LSL 18.862653
LTL 3.357198
LVL 0.687746
LYD 7.283164
MAD 10.705207
MDL 20.130897
MGA 4835.075056
MKD 61.614805
MMK 2387.123574
MNT 4074.725728
MOP 9.158813
MRU 45.55903
MUR 54.790635
MVR 17.566605
MWK 1974.929588
MXN 19.897422
MYR 4.684233
MZN 72.659519
NAD 18.862627
NGN 1564.706343
NIO 41.624902
NOK 11.202746
NPR 171.205334
NZD 2.014667
OMR 0.437174
PAB 1.134124
PEN 3.890724
PGK 4.977128
PHP 69.735371
PKR 315.618218
PLN 4.285677
PYG 6930.301857
QAR 4.144273
RON 5.233052
RSD 117.356435
RUB 86.07175
RWF 1666.643804
SAR 4.269367
SBD 9.154888
SCR 15.49385
SDG 682.186179
SEK 11.066313
SGD 1.474626
SHP 0.848868
SLE 28.197192
SLL 23841.850618
SOS 648.14481
SRD 42.431636
STD 23533.135508
STN 24.490788
SVC 9.924005
SYP 125.672491
SZL 18.779028
THB 37.917899
TJS 10.48488
TMT 3.979421
TND 3.33987
TOP 2.737569
TRY 52.900029
TTD 7.702899
TWD 36.186007
TZS 2978.119975
UAH 50.996697
UGX 4196.237124
USD 1.136977
UYU 45.501085
UZS 13623.516284
VES 705.782081
VND 29925.24374
VUV 136.233463
WST 3.158268
XAF 655.684425
XAG 0.019648
XAU 0.000282
XCD 3.072738
XCG 2.043977
XDR 0.815475
XOF 655.693071
XPF 119.331742
YER 271.311222
ZAR 18.725679
ZMK 10234.145868
ZMW 20.47076
ZWL 366.106241
  • CMSC

    -0.0190

    22.046

    -0.09%

  • BTI

    1.0900

    62.48

    +1.74%

  • RELX

    -0.2300

    30.92

    -0.74%

  • NGG

    0.5900

    83.42

    +0.71%

  • GSK

    0.8000

    51.89

    +1.54%

  • RYCEF

    -0.1600

    18

    -0.89%

  • RIO

    1.0800

    95.11

    +1.14%

  • RBGPF

    0.0000

    61.3

    0%

  • BP

    -0.1400

    37.72

    -0.37%

  • BCE

    0.0000

    23.2

    0%

  • CMSD

    -0.0900

    21.93

    -0.41%

  • VOD

    0.0500

    13.86

    +0.36%

  • JRI

    0.0100

    12.58

    +0.08%

  • BCC

    2.1000

    79.76

    +2.63%

  • AZN

    2.6600

    185.68

    +1.43%

European minnows bid to challenge social media giants
European minnows bid to challenge social media giants / Photo: Saeed KHAN - AFP/File

European minnows bid to challenge social media giants

A flurry of new schemes to launch Europe-based social networks faces a steep, rocky road to seduce users away from American and Asian giants in the sector.

Text size:

Founders nevertheless see opportunity in the disillusionment and distrust of major platforms that have spiked alongside transatlantic tensions under Donald Trump's second presidency.

"We think the timing is perfect, in a context where relations between Europe and the US are still deteriorating," said Gregoire Vigroux, co-founder of Croatia-based network eYou.

"It's time for Europe to equip itself with its own social networks," he added.

Opening to users on Tuesday, eYou is one of a number of efforts on the old continent, including W -- a would-be competitor to X announced in January -- or Eurosky, a platform for accessing independent social networks launched last month.

Bulle (French for "bubble") also launched in January promising a "healthy social network" while Monnett -- a hybrid of TikTok and Instagram -- is set for full release in July.

"The rejection targeting the (American) platforms is still stronger today" than in the past, said Romain Badouard, a researcher at France's Inria computing institute specialising in social networks.

He suggested that a "conservative turn in Silicon Valley" had proved unpopular with European users seeing the likes of X owner Elon Musk or Meta (Facebook, Instagram, WhatsApp) chief Mark Zuckerberg cosying up to Trump.

- 'Enormous graveyard' -

At W, "the idea is to bring back what was once Twitter in the good old days," said founder Anna Zeiter ahead of the Saturday launch.

Some interest is apparent among investors and users in the new crop of networks.

In a second fundraising round, eYou garnered 300,000 euros ($353,000) in late 2025, while Monnett claims more than 65,000 users on the beta version of its app.

But such figures would be rounding errors to the giants of the sector, who count in hundreds of millions of users and billions in revenue.

The dominance of incumbent players has left little space for challenge beyond niche offerings like Mastodon or BeReal.

"The world of social networks is an enormous graveyard," eYou's Vigroux acknowledged, adding that "99 percent of European social networks launched in the last 10 years have fallen flat."

Badouard pointed to the so-called "network effect" that powered the snowballing of major platforms' user numbers as a factor now shielding them from competition.

For users on Instagram and TikTok, "all the people they know and the accounts they follow" are on the existing networks.

But the "technological maturity" of the latest wave of challengers could still count in their favour, he said.

"They're answering to a lot of the expectations users have," Badouard said.

- Out of the algorithm? -

There is a familiar litany of criticisms levelled at the big players, including sorting users into "filter bubbles", unevenly-enforced moderation and addictive design.

European would-be competitors see those as openings to vaunt their own virtues.

W promises to keep all but verified human users from posting, while eYou says it will "promote users sharing content considered trustworthy".

"It's really important for us that it's not an algorithm that determine what's on your screen, but yourself," said Christos Floros of Monnett, which is aiming to hit a million users this year.

Such commitments could steepen the path to profitability for the new arrivals, in a market where financial success is still largely determined by raking in advertising sales.

Zeiter said W would have "no crazy hyper-targeted advertising".

"Right now we are all trying out different business models and different approaches," she said.

"Maybe in one or two years we see what's most successful and then we can team up."

I.Viswanathan--DT