Meta Q1 Results – Revenue is up (slightly), but profit margins are still an issue. The results of the restructuring have not yet kicked in, and VR/Metaverse spending continues to grow. Users are up on the platform, so the foundations remain strong.
Facebook Tests AI Stories – These stories are currently an opt-in testing feature. It shows the platform is looking to increase “discoverable” content on the platform. Again, this shows creating great content can bring incremental organic eyeballs.
Meta Increases AI Content in the Feed – Meta has announced that they will continue to increase the amount of AI content in newsfeeds. The content has been on the rise in the last few years. Instagram is especially growing AI or discoverability content. Facebook has about 20% AI content and Instagram is about 40%. This is a tremendous opportunity for viral or organic reach to grow IF your content is outstanding.
Verified Accounts are Prioritized in Feed – This comes as Twitter has gone back and forth on how verified accounts are handled. While users don’t report seeing significant increases in results, it could provide an additional benefit for verification.
Microsoft Drops Twitter From Ads Platform – This comes as Twitter increased the cost to access their API data. They later backtracked for some public service organizations. Twitter being dropped from management platforms is clearly a negative signal for the network.
LinkedIn Adds Verification Features – It isn’t clear what the benefit of this is. You can now verify your identity and even your place of work. This could reduce fraud on the platform if it becomes a requirement, but I doubt privacy advocates would go for it.
TikTok News Updates
May TikTok Free Small Business Workshops – To celebrate Small Business Month, TikTok is offering free workshops for small businesses. This is a great opportunity to learn more about the platform if you haven’t jumped in yet or want to take your success to the next level.
TikTok Invites Retailers to Shops Beta – TikTok invited users to join the Beta of shops. While this is still in Beta, it shows the direction that TikTok is taking. Look for more in-platform commerce opportunities.
Montana Bans TikTok – While there is no actual way to enforce or implement this, it is an interesting signal. There is LOTS of global news about TikTok bans, but nothing substantial yet.
Google Shares Results from Cookie-less Study – As cookies are on their way out, advertisers are looking for options. Google recently ran a study using interest-based audiences (already available on Google platforms) that showed positive results.
Digital Marketing News Updates
Study: Most Consumers Don’t use or Understand AI – Only 61% “somewhat understand” AI, and only 27% have used AI tools. It is important for marketers to not allow their enthusiasm for the technology to leap-frog ahead of the target audiences they want to reach.