A Facebook competitor that’s killing its market is showing up in the same place as competitors that have a bigger reach.
Zion Market, a $2.4 billion company in Israel, is building its own social network and competing with rivals such as Facebook and Twitter, which are selling ads and selling ads-by-email.
It is a $50 billion company and is growing fast, with revenues of $6.2 billion in 2017.
Its biggest competitor is Misfit, which is owned by Israeli technology giant Avid.
Misfitts business model has been the most lucrative in the country for years, as it has developed an online payment service that is used by hundreds of thousands of Israelis.
Misfits rivals have made the most noise in Israel in recent months, and its CEO said on Thursday that the company’s competitors were trying to take over Israel.
“It’s about time for Misfiks competitors to realize the value they’ve built in Israel is no longer enough,” he said.
Zions main competitor, Misfitu, is based in the United States, and it is making money from the social network’s revenue streams.
It was valued at $8.6 billion in 2018.
Its rival, Mefits, is headquartered in the Netherlands, and has been a top-10 digital advertising agency in Israel for decades.
Mefit is also a leading provider of email, and is one of the most successful companies in Israel with a market value of more than $50 million.
Ziona and Mefis competitors, however, are competing directly against each other, and are selling their products in different markets.
In a market such as Tel Aviv, a city that is heavily populated by Israelis, it is a different story.
“There are some markets where it’s better to have Mefitts, but if you’re in a city like Tel Aviv and you want to get a better email experience and you’re not interested in paying a big price for the email service, then you need a Misfite,” said Yossi, a sales manager at Ziona.
Mefits competitor is the Israeli-owned company, Mufit, that is based mainly in the U.S. It has the largest network in Israel of over 10 million customers and generates revenue of $3 billion annually.
Its main competitors in the market are Ziona and Avid, both of which are based in Israel.
Mufit has had a hard time selling in Tel Aviv in recent years, said Avid’s Yossis.
It’s been hit hard by the Israeli government’s crackdown on companies like Mufits that are trying to do something more with the government’s money.
“Avid has made it more difficult for us to build a strong business in Israel because of the restrictions we face,” he added.
Avid did not immediately respond to a request for comment.
Mafit’s chief executive, Gershon Levy, declined to comment.