Pheed is best described as a hybrid of Facebook, Instagram, Twitter and YouTube — except that you can require others to pay a premium to access your personal channel.

Why it’s popular:

Pheed’s multimedia “all in one” offering seems to be capturing teens’ attention the most. Some teens also like the fact that they have more control over ownership and copyright, since Pheed allows its users to watermark their original content.

What parents need to know:

It’s hot! According to Forbes, Pheed has swiftly become the No. 1 free social app in the App Store, thanks in large part to teens. Time will tell whether artists and celebrities will jump on the bandwagon and start using Pheed to promote themselves and charge their fans to view what they post.

Users can make money. Users can charge others a subscription fee to access their content, ranging from $1.99 to $34.99 per view, or the same price range per month. Note that a cut of all proceeds goes to Pheed.

Privacy updates are in the works. Kids should be aware that their posts are currently public by default and therefore searchable online.