Get the need-to-know highlights from the social media industry that happened the week of October 2-6.
1. Agencies Rethink Meta’s Platforms
Digiday reports a decline in agency investments in Meta due to diminishing returns. This could lead to lower advertising competition and costs on Meta platforms.
2. Meta’s Subscription Model
WSJ unveils Meta’s ad-free subscription pricing, impacting ad visibility on Instagram and Facebook – this may affect ad engagement rates. It might be time to re-evaluate your advertising strategies on these platforms.
3. Meta’s AI Assistant
4. Evolving Consumption Shifts
Meta’s report highlights consumption shifts crucial for marketers. Understanding evolving consumer behavior is key – adapt your marketing strategy to align with consumption trends.
5. Underwhelming AI Shopping Campaigns
Adweek shares marketers’ disappointment with Meta’s AI-fueled shopping campaigns. As you experiment, monitor AI campaign performance and have alternative strategies.
6. Messenger Data Collection Alert
Messenger now alerts users on data collection upon clicking links. Increased awareness may affect user engagement with links – so be transparent about data practices to maintain trust.
1. Professional Access & Meta Verified Section
2. New Features Galore
New additions include a “Stories” section, comment filter for “Meta Verified”, and “FB Pro Tools Bookmark” to aid growth.Also, several new features were launched: a new notifications feed, “Send to WhatsApp” button, and “Turn stories into Reels”.New AI Stickers to enhance engagement with Stories
1. Reviving Interest in Threads
Meta explores new options to reignite interest in Threads, alongside Instagram’s focus groups with creators. This could lead to a potential resurgence of Threads as a platform for creators and small business owners. Keep an eye on new features and user engagement trends on the platform.
2. New Sharing and Display Features
1. Design and Editing Enhancements
2. Monetization and Partnership Updates
3. Metrics and Insights Accessibility
4. Sharing and Discoverability Features
5. New Reels Features
1. Pinning Messages and Text Formatting
2. Enhanced Channel Updates Sharing
New functionality to share links to individual messages in Channels, making sharing updates outside WhatsApp easier.
3. Updates Section Search Function
WhatsApp simplifies its Updates section with a new search function, aiding users in finding specific updates quickly.
1. Usage Statistics and Growth
Twitter (X) CEO unveils new stats on platform usage: 14% increase in user time, 20% rise in video consumption, significant growth in creators, and nearly $20 million paid to creators via its ad revenue program.
2. Links and Headlines Changes
Elon Musk points out that X is discouraging links in posts while X removes headlines from news story links for a cleaner look. This could affect traffic to external sites and user engagement with shared links. Adapt to these changes by crafting compelling captions and utilizing X’s native features.
3. Trademark Lawsuit
Trademark lawsuit against Elon Musk’s X by an ad agency called X Social Media. Legal challenges could potentially affect X’s branding or operations. Stay updated on legal developments that could impact X’s platform policies or branding.
4. Game Streaming and Live Shopping
5. Subscriber-Only DMs and ID Verification
6. Regulatory Challenges
X headed for a ‘rule of law’ clash with EU, warns Twitter’s former head of trust & safety. This highlights potential regulatory challenges in the EU market. Monitor regulatory updates to ensure compliance and understand potential implications for your business.
7. Pinning Feature Experiment
X experiments with the capacity to pin more items in the app, including Communities, Search Queries, and Profiles.
1. AI and Education
LinkedIn suggests AI disrupting the traditional four-year college degree, emphasizing lifelong learning. This indicates a shift in the value of traditional education versus continuous learning and skill development.
2. AI Tools Launch
LinkedIn unveils new AI tools for learning, recruitment, marketing, and sales, powered by OpenAI. Use these tools to optimize your learning and recruitment initiatives, and to improve marketing and sales strategies.
3. AI Assistant for Advertising
New AI assistant feature to help brands auto-generate ads and campaigns using website content. Experiment with the AI assistant to enhance your advertising efforts on LinkedIn.
4. Profile CTA Button Visibility
LinkedIn increases the visibility of its Profile Call to Action (CTA) buttons for enhanced profile visibility and engagement opportunities. Customize your profile CTA buttons to encourage desired actions from your audience.
1. Content Monetization & AI Effect
YouTube expands access to content monetization and adds a generative AI effect called Bloom in YouTube Shorts, transforming people into vibrant topiary structures. Explore the monetization options and experiment with Bloom effect to enhance short video content.
2. Mobile Live Streaming
Exclusive mobile live streaming for members rolled out on YouTube mobile app. Consider offering live-streaming sessions to engage with your member base.
3. Podcasts Auto-Download
YouTube Music introduces auto-downloads for podcasts. If podcasting, ensure your content is available on YouTube Music to leverage the new feature.
4. ‘You’ Tab Redesign
YouTube is testing a redesign, replacing the Library with a ‘You’ tab. Monitor the update for potential changes in viewer interaction and adapt your channel layout accordingly.
5. Subscriber Analytics
YouTube launches new subscriber analytics for better content planning. Use the analytics tool to plan content that resonates with your audience.
1. TikTok Shop Performance
Brands find TikTok Shop’s performance a slow burn, indicating a slower adoption rate and potentially delayed ROI for businesses exploring TikTok Shop.
2. TikTok Shop Halts in Indonesia
TikTok halts online shop in Indonesia to comply with new regulations, a loss of an e-commerce channel for brands in Indonesia. Stay updated on regional e-commerce regulations to navigate channel availability.
3. ByteDance Financial Performance
ByteDance, TikTok’s parent company, reports Q1 2023 profit of $6.8 billion, with revenue nearly on par with Meta’s.
4. Ad-Free Subscription Plan
7. Creative Assistant for Ads
TikTok launches Creative Assistant to aid in ad creation process.
6. CapCut Photo-editing Features
CapCut expands to photo editing with advanced features.
7. CapCut Updates
CapCut introduces new views, filters, and a History feature for recently viewed templates. Use the new features for improved editing workflow and content variety.
1. Mastodon Growth
Mastodon witnessed a 488% surge in donations and reached 1.8M monthly active users in 2022. Consider exploring Mastodon for a diverse social media strategy, especially if aligned with its community-driven ethos.
2. Pebble’s Thread Composer
Pebble introduces a “Thread composer” feature.
3. BeReal’s Global Campaign
BeReal kicks off a global marketing campaign to find ‘The Realest Person on Earth’ with a 3-week paid vacation prize.
4. Reddit’s Search Enhancement
Reddit improves meme search by adding a media tab, simplifying results page, enhancing spam filters, and improving screen reader compatibility.
Top Reads on Social Media and Creator Economy
1. Emergence of Paid Social Media
Major platforms testing subscriptions, indicating a shift from ad-based to direct user monetization.Impact: Creates new monetization strategies for platforms and potentially less ad clutter for users.Insight: Explore how paid features on these platforms could affect engagement and advertising strategies.
2. Gen Z’s Influence Ambitions
Consistent desire among Gen Z to become influencers (57% in 2023 vs. 59% in 2019).Impact: Continuous influx of new creators, maintaining the influencer marketing momentum.Insight: Tailor marketing strategies to leverage this unceasing interest in influencer culture.
3. Artifact’s AI Image Generation
Artifact now enables AI image creation for posts, enhancing user content creation.Impact: Enhances user engagement and content diversity.Insight: Look for ways to integrate AI in content creation to stay competitive.
4. Creator Brand Evolution Challenges
Creators facing branding hurdles when evolving their online personas.Impact: Indicates a need for flexible branding strategies.Insight: Offer support or tools for seamless brand evolution to keep creators engaged.
5. Deepfake Scam Alert
Prominent personalities like MrBeast used in deepfake scams.Impact: Raises awareness about the malicious use of deepfake technology.Insight: Education on digital literacy and verification tools could become crucial.
6. TikTok’s Operation in Europe Criticized
NYU Professor warns against TikTok’s operation in Europe due to data privacy concerns.Impact: Could lead to stricter regulatory scrutiny or changes in TikTok’s operations.Insight: Understanding global regulatory landscapes is crucial for platforms and creators alike.
7. Decline in Social Media Traffic to News Sites
Noticeable decrease in traffic from Facebook and Twitter to top news sites, reflecting changing user behaviors or platform algorithms.Impact: May affect strategies of news outlets and advertisers.Insight: Diversifying traffic sources and understanding platform algorithms can mitigate risks.
8. The Great Internet Splintering
Predicted shift towards a network of platforms offering customized experiences to users.Impact: Could usher in a less toxic era of social media with more user-centric platforms.Insight: Adapting to or creating niche platforms could be a viable strategy moving forward.
9. Elon Musk’s Strategy for Twitter Unveiled
Insights into Elon Musk’s game plan for Twitter post-acquisition revealed by a former White House staffer.Impact: Could influence other tech magnates’ approaches to platform acquisition and management.Insight: Keeping abreast of high-profile acquisitions and their strategies can offer a competitive edge.
10. Monk Mode: Limiting Social Media Use
Individuals adopting ‘monk mode’ to restrict social media use for better mental health.Impact: Reflects a growing awareness and action towards digital wellness.Insight: Platforms and creators may need to consider digital wellness in their engagement strategies.
11. Journalists on TikTok
Three journalists share how they utilize TikTok for news dissemination.Impact: Highlights TikTok’s potential as a journalistic tool, expanding its use beyond entertainment.Insight: Social platforms can serve as powerful tools for various professional sectors, including journalism.
12. Biden Campaign’s Social Media Strategy
Biden campaign launches rapid response network on X and Threads to reach voters with ample content.Impact: Signifies the importance of social media in political campaigns and public engagement.Insight: Leveraging social platforms for real-time, widespread communication is crucial in modern political strategies.
13. Apple’s Challenge in China
Potential removal of major social apps from the App Store in China due to regulatory crackdown.Impact: May affect global tech companies’ operations and user access in China.Insight: International regulatory environments continue to challenge global platform availability.
14. U.S. Supreme Court on Social Media Moderation
Landmark cases on social media moderation to be heard by the U.S. Supreme Court.Impact: Decisions may significantly affect moderation policies on major platforms.Insight: Legal frameworks around digital content are evolving, and platforms must adapt to ensure compliance.