Around the same time, venture capitalist Patrick J. McGinnis, then a student, wrote about FOMO in a 2004 Harvard Business School student newspaper article. He claims to have identified the phenomena and coined the acronym FOMO, unaware of my prior publications. McGinnis certainly contributed enormously to popularizing the term.
Back then, FOMO was still in its infancy. The launch of Facebook in 2004 and the iPhone in 2007 amplified FOMO into the colossal phenomenon we recognize today.
Smartphones and social networks expose us to a constant stream of up-to-date information, albeit filtered, about the lives of our acquaintances and friends. We learn about their successes, joys, pleasures, the places they visit, the restaurants where they eat, including selected menu items, the shows they watch, what they wear, and so on. In addition, through smartphones, we are flooded with information about products and services that might interest us. We can be present in multiple places simultaneously. Everything becomes accessible 24/7, all year round, and we begin to get used to the idea that purchasing options and other opportunities are available all the time and everywhere.
In 2011, an MIT researcher named Sherry Turkle wrote an influential book titled “Alone Together,” a broader exploration of how technology is changing how we interact, addressing the FOMO phenomenon. Her book triggered a new wave of studies. One was conducted by the international advertising network J. Walter Thompson – JWT. They approached me, and I collaborated with them and other researchers in universities and research institutes worldwide to understand the phenomenon’s growing power.
In 2013, the term “FOMO” was recognized in the Oxford Advanced Learner’s Dictionary, and this act was essentially a stamp of approval on the importance of the term to our culture. In recent years, The Fear of Missing Out has gained momentum and has become one of the most discussed and researched concepts in social psychology, personal psychology, and marketing psychology. I am credited in many sources as the one who identified the fear of missing out, among others, in the “Fear of Missing Out” Wikipedia entry.