What do you mean "update status"?

It means to make a new post or post an ad or a photo

Well i my opinion Update Status its mean update the content About

updte statuts should mean modification of the first situation to a new one : free, online, temperament good or bad, bsent , present

Buy More, Put more information on your Profiles

Share your thought and express your points.

It's an opportunity to express your mind or your prospect about what's happening around you or what you wish to share with others online.

You could also share what you're doing... Are you working on a project etc?

Update your status you should update information about yourself

i think i'll share my videos

what you think and give us some word.. no need to status

you can share a video or just write a motivational quote