Earlier quoted context omitted.
Isn't this very similar to Vine, the old video social network? Which Twitter bought and properly crash a burned?
The point is not media format (short video clips) but the "sorting hat". That it breaks the traditional social media model with a news feed, discussions, a social graph of friends. I think it is completely meaningful to call it next generation (or second generation where the social graph model is the first generation). Also notice that this model can be applied to other media formats: Text, pictures, audio ...
don't most social networks have the "sorting hat" in the form of algorithmic feeds?