36th Week Roundup: Influencer Marketing, Google’s Ad Policies for Crypto and much more!
Discover the latest digital news trends and developments impacting online environments in this digital news roundup. Influencer marketing is outstripping traditional social ad spend, Google is improving political ad transparency, and the U.S. Copyright Office seeks public input regarding AI-related copyright challenges. These highlights showcase how dynamic the online landscape can be, where innovation and regulation come together to shape its engagement and content production future. Influencer Marketing Investments Surge Ahead of Traditional Ads, Reshaping Digital Advertising Landscape According to Insider Intelligence’s new study, investment in influencer marketing is rapidly outstripping traditional social ad spending, according to its forecasts for 2023. According to this trend, influencer marketing’s remarkable rise will surpass social ad spending 3.5 times faster, evidenced by content creators’ unfailing popularity amid economic instability and stiff competition. With their influencer-centric culture, TikTok and other creative-driven platforms have catalyzed this rapid expansion. Influencers on such platforms are transformed from digital celebrities into celebrities. Meanwhile, factors like Hollywood writers’ strikes and efforts by social platforms to attract top creative talent could open more avenues for partnerships between influencers and brands and reinforce their role as key components of modern marketing strategy. The experts from the leading social media marketing agency will tell you that these factors indicate a change in consumer engagement patterns, with influencers becoming the primary sources of content and trends online. Read more: https://www.socialmediatoday.com/news/new-report-finds-investment-influencer-marketing-rising-faster/692931/ X Experiments with Live Video Discovery, but Bigger Changes May Be Needed X is exploring new features centred around live-streaming content to improve video content discovery. Due to X’s current lack of alert systems for live broadcasts, to address this shortcoming, the platform could implement similar features as Spaces, featuring live video broadcasts prominently at the top of user timelines for users viewing live video feeds. However, such steps highlight live video content. It is one small step toward improving the overall video experience. X has made strides toward increasing video engagement, but its latest update may produce little behavioural change for its user base. Potential capacity constraints might prevent more drastic improvements from being implemented; as time progresses, users may see greater emphasis on video content consumption as it strives to monetize itself through subscription to X Premium services. Read more: https://www.socialmediatoday.com/news/x-experiments-improved-discovery-video-live-streams/692945/ TikTok Takes Center Stage for Fashion Month with #TikTokFashion Collective TikTok will mark September’s Fashion Month by unveiling numerous initiatives to celebrate and advance the global fashion industry. From September 6 through October 3, TikTok will be a fashion and beauty inspiration hub featuring Fashion Month highlights. TikTok Fashion Month’s central feature will be its #TikTokFashion Collective – composed of fashion creators worldwide sharing insights via TikTok – composed of fashion creators worldwide who will offer insights to users across its platform. Additionally, dedicated teams covering major Fashion Month events will provide on-the-ground insights. Furthermore, TikTok will host a “Fashion Month Hub” with highlights that showcase current fashion trends created by brands and publishers, along with tabs to help users explore specific fashion month events or trends more efficiently. A leading social media marketing agency will tell you that TikTok’s global user views for hashtags related to fashion trends have grown exponentially since 2023; global views for both #TikTokFashion and #BeautyTok saw over 300% increases! Fashion brands and enthusiasts should keep tabs on TikTok Fashion Hub discussions during Fashion Month happenings or search the platform using “Fashion Week” or #TikTokFashion”, searches, as these can give unique access. Read more: https://www.socialmediatoday.com/news/tiktok-announces-new-programming-fashion-month/692924/ Clubhouse Attempts a Comeback with New ‘Chats’ Feature Clubhouse, a once-acclaimed audio social platform, is looking to regain its former popularity with the help of an update aimed at making it more messaging-centric. “Chats” allow users to interact asynchronously via voicemail-style group conversations called Chats – similar to voicemail. According to Clubhouse, Chats allow people to stay up-to-date with current conversations by joining discussions whenever it suits their schedule and interacting with those they trust while contributing their thoughts at any time of day or night. However, this move to become a messaging app seems unlikely to revive Clubhouse’s initial success. While its functionality offers some utility, this change alone likely won’t draw users back onto its platform; indeed Clubhouse recently experienced an exodus from downloads ranking it #214 among social media applications on Apple App Store’s Social category and far below its peak of 10 million active weekly users claimed by them at one time! Regaining its footing remains to be determined, given earlier staff cutbacks and funding challenges faced by it. Read more: https://www.socialmediatoday.com/news/clubhouse-adds-new-chats-more-like-messaging-app/692944/ Instagram Enhances Privacy with ‘Close Friends’ Feed Post Sharing The experts from the leading social media agency will inform you that Instagram are expanding its user experience by unveiling a feature allowing users to restrict feed posts exclusively with “Close Friends,” keeping up with a rising trend of private group engagement on social media platforms. Users now find an “Audience” selector within their post composer, which allows them to limit visibility for posts only visible within a “Close Friends” list – providing for an intimate sharing experience. Though this update might not seem significant, it demonstrates Instagram’s efforts to adjust to changing user behaviours and preferences. By catering to their desires for more private content sharing with trusted connections, Instagram hopes to encourage its users to post more frequently without fearing they won’t reach all their contacts. Read more: https://www.socialmediatoday.com/news/instagrams-rolling-out-option-share-feed-posts-close-friends/692778/ Instagram Tests Location Tags for Notes, Enhancing Connection and Engagement Instagram is testing a feature that enables users to add location tags directly into Notes, adding another layer of context for shared content. With this trial feature, users can attach location markers that link directly back to Instagram’s location page for that location marker; Adam Mosseri highlighted its potential benefits: strengthening relationships over shared places while serving as inspiration for places worth visiting. Notes, released by Instagram last December and introduced as an easy way for younger demographics to start conversations within its app, has quickly gained favour with users, particularly younger ones, due to its direct