It looks like anyone can create new myspace, facebook, snapchat, twitter, instagram, ... as long as they time it right with the previous one running out of steam and make it faster to interact with. I'm not sure what can be faster than snapchat though - live stream?
Has to be something that lets you fix it up and present your "best self"; looking cooler then you really are in a critical component of any social network.
A direct neural interface, paired to a bi-directional low latency satellite feed.
That way users can see,hear,smell,feel & taste everything that their friends are experiencing .... simultaneously, and in real time. Continuously, all day, everyday.
it already started happening - we're all paying attention to it and I bet more than half the people here are trying to work out how to make money from it.
Snapchat is not about snapchat, it is about having a space to themselves.