What we don't like:
The product is not out. Buying before a product launch is always gambling on the developers. We also don’t know if that platform will have USD to ETH or USD to SNT available, this would limit its users to only those in the crypto community. However, a social media platform can run with crypto users as its base, see Steemit.
What we like:
Status is a great idea. A social media platform that integrates the many platforms built on Ethereum. Once released this could be an instant hit among the crypto community. They already partnered with strong Ethereum projects to be available on the platform. If Status is easy to use it could be wildly successful.