Social Media Rundown: Time to Break Up Facebook; Fear-Based Social Apps; New Facebook & Twitter Features

Dominating the headlines in the world of social media and beyond is the scathing opinion article by Facebook Co-Founder Chris Hughes in The New York Times. The thoughtful piece calls for the FTC to step in and break up the company. It’s a must read.

Also in the news section: the rise of fear-based social media apps and new features rolling out on both Facebook and Twitter. Read on for your weekly dose of all things social media.

Social Media News

  • It’s Time to Break upFacebook (The New York Times). “Mark’s influence is staggering, far beyond that of anyone else in the private sector or in government,” writes Facebook co-founder Chris Hughes. “He controls three core communications platforms — Facebook, Instagram and WhatsApp — that billions of people use every day.” This opinion piece gives nice background of how Facebook got so big and the steps needed to break up the company and reign in its social media monopoly. It’s a bit of a long read, but I’d encourage anyone to at least watch the video summary of the article. The article has stirred up a lot of attention with Mike Huckabee saying that social media companies should be treated like public utilities.
  • The Rise of Fear-Based Social Media like Nextdoor, Citizen, and Now Amazon’s Neighbors (Vox). Although violent crime in the U.S. is at its lowest rate in decades, social media apps based on monitoring and reporting crime are some of the most downloaded social and news apps in the U.S.
  • Now You Can Book Appointments Directly Through Instagram and Facebook (Mashable). A “Book Now” button will soon appear on business pages, allowing people to click to select the date, time, and services they want. From there the transaction transfers to Messenger where it connects the user with the business. Appointments can also be added to a user’s calendar of choice.
  • Twitter Will Now Let You Add Photos, Videos, or GIFs to Retweets (The Verge). Now available on iOS, Android, and mobile browsers (but not yet on desktop), users can add media to a retweet by tapping the “retweet with comment” option and then choosing the image or GIF icon in the toolbar.

Learn

  • 10 Tips for Making the Most of Social Media at Trade Shows (Social Media Explorer). From setting goals to knowing which hashtags to use, this article gives a nice overview of how to maximize your tweeting during an industry conference.

  • 6 Basic Steps to Running an Effective Social Media Audit (Social Media Today). It’s never too early or too late to run a social media audit. This article gives a nice checklist to consider when conducting social media audit. This article was written by a full-time social media consultant, so she likely has done many social media audits.

Chart of the Week

Platform Matrix (Axios). More of a table than a chart, really. Either way, I think the folks at Axios did a nice job of succinctly describing the subtle differences in the top social media platforms. Not sure why Google made the list, but not it’s video-sharing social media platform YouTube.

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Social Media Rundown: More Facebook Data Issues; Shoddy Twitter Verification Process; Pinterest IPO

This week’s Rundown includes a fresh round of Facebook data breaches, a healthy IPO for Pinterest, and more social media news. Plus, learn how to combat social media algorithms and take a look at the future of social media with Mark Schaefer.

Social Media News

  • Facebook Says It Uploaded Email Contacts of up to 1.5 Million Users (Reuters). Yet another privacy breach from Facebook: The company harvested the email contacts of new users without their knowledge or consent when they opened their accounts. The company said it is now deleting the data. Meanwhile, it’s Instagram product experienced a data breach of its own when millions of Instagram users’ passwords were exposed to staff.
  • Twitter Secretly Verified Jack Dorsey’s Mom and Thousands of Others Despite ‘Pause’ (Mashable). “Celebrities, and others with backchannel connections to the company, are able to become verified as Twitter ignores everyday users and those without insider access.” And now I know why Twitter keeps rejecting my verification requests.
  • A New Twitter Account Is Outing Shoddy Reporting in Science Stories (Quartz). Here’s a new account you might want to follow: @justsaysinmice tweets about stories that rely on a study of mice to make claims about human health.
  • Pinterest Shares Jump 25 Percent on First Day of Trading (The New York Times). Pinterest stock began trading at $23.75, putting the company’s value above its last private valuation of $12 billion. Pinterest is about interacting with celebrities or broadcasting one’s life. Instead it is meant to be more personal. Its 250 million monthly active users use the site to plan important aspects of their lives, including home projects, weddings and meals.
  • 15 Months of Fresh Hell Inside Facebook (Wired). Here’s your weekend long read: “The confusing rollout of meaningful social interactions—marked by internal dissent, blistering external criticism, genuine efforts at reform, and foolish mistakes—set the stage for Facebook’s 2018.”

Learn

  • How to Make Your Website and Social-Media Presence Bulletproof Against Algorithm Changes (Inc). This article includes four ways to keep your web traffic up and three ideas to consider when building out your social media content strategy.
  • Social Media Shakeout: Why the Future of Social Media Is Hazy (businessesgrow.com). Mark Schaefer gives a brief rundown of what’s next in the world of social media — from AI and 5G to regulation and consolidation.

Chart of the Week

The Six Most Popular Digital Marketing Channels with Small Businesses (MarketingProfs). Nearly three-quarters (73%) of respondents say their business engages in social media marketing; the same proportion also use a website to market their firm.

Top 6 digital marketing channels for small businesses.
Social media and the company website are neck and neck as the most important digital marketing channels for small businesses.

Social Media Rundown: Facebook’s Pivot to Privacy; Instagram Dominates Engagement; Zuckerberg Gives Up on China

Facebook and it’s pivot to privacy.

The big news this week is Mark Zuckerberg’s announcement of a ‘privacy-focused vision’ for Facebook in which he proclaims private messaging is the future. This fits well with the news back in January of Facebook’s plan to make Messenger, Instagram, and WhatsApp, all work in harmony. It also shines some light on the continued decline in Facebook Page engagement and the fact that more young people are leaving Facebook for other services like Snapchat and Instagram (see the ‘Chart of the Week’ below).

Social Media News:

  • Mark Zuckerberg Believes Facebook’s Future Is Private Messaging (Recode). “I expect future versions of Messenger and WhatsApp to become the main ways people communicate on the Facebook network.” —Mark Zuckerberg. Here’s Mark’s full statement.
  • Instagram Is an Engagement Powerhouse (Axios). Despite having less than half of Facebook’s monthly active users (MAUs), Instagram’s top 10 accounts generate 6 times more interactions than Facebook’s most-engaged accounts. It’s worth clicking through to the article to see the included table listing the incredible engagement stats from Instagram as compared to Facebook and Twitter. The top Instagram account had more than 1 billion interactions in the 3-month period.
  • Mark Zuckerberg Tried Hard to Get Facebook into China. Now the Company May Be Backing Away (BuzzFeed News). After 10 years of courting Chinese officials to hopefully get Facebook’s China ban lifted, Zuckerberg has thrown in the towel. “As we build our infrastructure around the world, we’ve chosen not to build data centers in countries that have a track record of violating human rights like privacy or freedom of expression,” Zuckerberg wrote on Wednesday.
  • Twitter Will Let Users Be Much More Specific When Reporting Tweets with Personal Information (The Verge). “Now, when reporting a tweet that contains private information, users will be taken to an additional menu allowing them to specify whether the tweet contains contact information, a home address or physical location, financial information, or ID pictures or numbers.”

Learn:

  • How to Get Twitter Followers: 44 Tips and Tricks That Actually Work (Hootsuite Blog). If you’re wanting to boost your following on Twitter, this list is packed with ideas.
  • 5 Threats to Your Nonprofit’s Reputation on Social Media (Social Shake-Up blog). Fake news, fake accounts, fake comments. It’s a good idea to at least be aware of these potential threats.

Chart of the Week:

U.S. Users are Leaving Facebook, New Study Shows (Mashable). Facebook now has about 15 million fewer users in the U.S. than it had in 2017.

As Facebook becomes less cool, Instagram and Snapchat pick up more users.

What was the biggest social media news you read about this week?

Social Media Rundown: Twitter Daily Active Users; Unsend Facebook Messages; New Facebook Fact-Checking Partner; Facebook Turns 15

As the lowest-scoring Super Bowl game in history played out in Atlanta, viewers got a little bored and turned to social media to make fun of Adam Levine’s lackluster halftime performance and the oddly familiar pattern of his tank top.  And one Fox News anchor took to Twitter to boast about her beautifully made queso dish, not thinking she’d become a viral sensation.

Considering Super Bowl ads were costing brands some $5.2 million for a :30 spot, hopefully the slow game meant viewers who stuck around for the full game were also paying more attention to the ads. Maybe not, but there were some good Super Bowl commercials this year. You can see my top five Super Bowl ads on my blog.

Social Media News:

  • Twitter Discloses Daily Active User Count for First Time (Axios). Twitter has 126 million daily active users — 60 million fewer than Snapchat, and less than a tenth of Facebook’s main app. Twitter also reported it has 321 million monthly active users, down from 330 million a year ago.
  • You Can Now Unsend Your Facebook Messages If You’re Quick Enough (Mashable). You now have a 10-minute window to delete sent Facebook messages.
  • Facebook Adds New Fact-Checking Partner (Axios). Shortly after Snopes, one of the first online fact-checking websites, announced it is reevaluating its relationship with Facebook, the social network has added Lead Stories as a new fact-checking partner that specializes in hoax debunking as well as fact-checking.
  • Happy Birthday, Facebook! These Are the 10 Most Important Moments in Your Not-So-Great Relationship with the News Industry (NiemanLab) The sub-heading to this article says a lot about where the company stands today: Why only 10 on its 15th birthday? Recently, we discovered an error in our internal metrics that may have overstated the number of items on this list. We are very sorry for anyone affected; we take any mistake seriously. Also, be sure to check out the special birthday video for Facebook from The New York Times.

Learn:

  • How to Use Facebook Lookalike Audiences: The Complete Guide (Hootsuite). Facebook Lookalike Audiences are used to reach people similar to your current customers, offering more value on ad spend. Read on to learn all about this Facebook Ads tool.
  • 7 Proven Tactics to Boost Your Customer Engagement on Social Media (Social Bakers). See how learning about your audience, replying to messages, and showing brand personality can help you establish a connection with your community and encourage brand engagement.

Chart of the Week:

Instagram Engagement: Everything You Need to Know [Exclusive Stats] (Social Bakers). Instagram maintains higher user engagement as compared to Twitter and Facebook.

Instagram engagement chart from Socialbakers.
Instagram might not have the biggest audience size or the highest activity volume, but it is clearly the most engaging.

Social Media Rundown: Facebook Research (er, Spy) App; EU: Combat Fake News, or Else; YouTube Cracks down on Toxic Videos

As usual, there’s plenty of negative Facebook news this week. Also in the news section, YouTube takes measures to crack down on toxic videos. And the biggest news might be the Chart of the Week showing that Instagram Stories now has 500 million daily active users; that’s way more than Snapchat.

Social Media News:

  • Facebook Pays Teenagers $20 a Month to Monitor What They Do Online (Vice News). Facebook bought access to teenagers’ and young adults’ data by paying them to install an app that reveals everything they do online, paying up to $20 a month for installation of the Facebook Research App. Seems totally ethical. Axios has more insight into this news. And in related news, Facebook shares shot up after strong Q4 earnings despite numerous data scandals.
  • Google, Facebook, Twitter Must Do More Against Fake News: EU (Reuters). Failure to do more to combat fake news and disinformation in the run-up to European elections could mean the companies will face regulatory action, the European Commission said.
  • Facebook Roadblocks ProPublica’s Ad Transparency Tool (Nieman Lab). ProPublica collected 100,000 Facebook ads — and to whom they were targeted — through a browser extension installed by 16,000 volunteers. Its reporters used the tool to report on the targeting strategies of politicians and political groups, misleading tactics, and the fact that Facebook’s ad archive kept missing the very ads it was supposed to openly store. Meanwhile, the company is giving some power back to its users — but very slowly.
  • YouTube Will Crack down on Toxic Videos, but It Won’t Be Easy (Wired). The video-sharing platform plans to reduce the spread of toxic videos by limiting how often they appear in users’ recommendations. I’m not holding my breath.

Learn:

Chart of the Week:

Facebook Plans New Products as Instagram Stories Hits 500m Users/Day (TechCrunch). Roughly half of Instagram’s 1 billion users now use Instagram Stories every day. By the way, Snapchat is on the decline and now has about 186 million daily active users.

Instagram Stories has left Snapchat in the dust.

Social Media Rundown: Original Tweeter Tag; Record-Setting Fine Against Facebook; Proactively Closing Nefarious Facebook Pages

Some interesting news out this week in the world of social media. First up: An op-ed in the New York Times describes Twitter as “the epicenter of a nonstop information war.” That description couldn’t be more accurate and the piece is worth a full read.

Also in Twitter news, the company is testing an ‘original tweeter’ tag to make it easier to tell who started a thread. Should be helpful.

And what week would be complete without some scandalous Facebook news? This time around, it seems the company may finally have to pay a price for its privacy practices related to the Cambridge Analytica scandal — by way of a record-setting FTC fine.

Finally, be sure to check out the learn section and the Chart of the Week to learn the secrets behind news feed algorithms, managing a Facebook Live, and a look at worldwide social media use.

Social Media News:

  • Opinion: Never Tweet (The New York Times). Twitter “is the epicenter of a nonstop information war, an almost comically undermanaged gladiatorial arena where activists and disinformation artists and politicians and marketers gather to target and influence the wider media world.” I’d say that is a pretty accurate description these days.
  • Twitter Testing ‘Original Tweeter’ Tag to Distinguish Who Started a Thread (TechCrunch). The new feature makes it easier to find posts from the original tweeter within a thread, but may also help curb abuse on the platform.
  • U.S. Regulators Have Met to Discuss Imposing a Record-Setting Fine Against Facebook for Privacy Violations (The Washington Post). The Federal Trade Commission is reportedly considering a “record-setting” fine as the result of its investigation into Facebook’s privacy practices following the Cambridge Analytica scandal. The penalty is expected to be much larger than the $22.5 million fine on Google in 2012.
  • Facebook Warns Groups and Pages It Could Proactively Shut Them down for Being Fake News Networks (Fortune). The move is designed to keep page managers from skirting Facebook bans by using pages they already manage to re-post the content Facebook removed from their shuttered pages and groups. The move comes one week after it announced the removal of 364 pages that originated in Russia and were engaged in “coordinated, inauthentic behavior.” Here’s the announcement from the Facebook Newsroom.

Learn:

  • A Marketer’s Guide to Decoding Social Media Algorithms in 2019 (Buffer). Here’s a good look at all the major social media platforms, that is, Facebook, Twitter, LinkedIn, and Instagram. Read the post or listen to the podcast.
Signals that affect Facebook News Feed content rankings.
There’s a lot to consider when crafting a Facebook post.
  • 5 Steps to Your First Facebook Live (The Social Shake-Up). If you’re planning to do a Facebook Live broadcast soon, here’s a quick and easy checklist to run through before you go live.

Social Media Chart of the Week:

Number of Social Media Users Worldwide from 2010 to 2021 (In Billions) (Statista). We’re getting close to 3 billion social media users worldwide.

Number of social media users worldwide from 2010 to 2021.
In just a couple years, some 3 billion people will be using some form of social media.

Thanks for reading! Did I miss anything? Please share in the comments or hit me up on Twitter: @eric_wheeler.

Social Media Rundown: Cultbook; New Twitter Tools; Politicians Cannot Block Social Media Followers

Another fairly slow week in the world of social media. But the scathing CNBC piece about Facebook’s ‘cult-like’ workplace is definitely worth calling out. The bad press for Facebook just keeps on coming. Also, Twitter announced a couple new tools for publishers — one focused on events and another on improving analytics. A new ‘ice breaker’ feature may also be rolling out to all users soon.

Be sure to check out the learn section for tips on increasing social media engagement and a fun idea for improving engagement in Facebook ads.

Social Media News:

  • Inside Facebook’s ‘Cult-Like’ Workplace, Where Dissent Is Discouraged and Employees Pretend to Be Happy All the Time (CNBC). At a company-wide town hall in early October, numerous Facebook employees got in line to speak about their experiences with sexual harassment.
  • Twitter Gives Events a Boost with New Publisher Tools (TechCrunch). At CES, Twitter announced a new analytics dashboard and a separate dashboard for tracking information around both real-time and upcoming events. I’ve got my fingers crossed for a major improvement with Twitter Analytics, which has been lacking since inception.
  • Politicians Cannot Block Social Media Foes: U.S. Appeals Court (Reuters). A federal appeals court has ruled that a Virginia politician violated the Constitution by temporarily blocking a critic from her Facebook page.
  • Twitter Will Begin Testing ‘Ice Breakers’ to Spark Healthy Conversation (The Next Web). I’m not sure how this will spark ‘healthy conversations,’ but the new features include a way to display when a user is online, canned messages, and a new take on threaded replies.

Learn:

  • How to Increase Social Media Engagement: A Guide for Marketers (Hootsuite). This blog post has six ways to increase engagement, plus a simple definition of social media engagement, a few engagement tools, and how to measure engagement.
  • How to Use Quizzes in Facebook Lead Ads (Social Media Examiner). Seems like a neat way to create an engaging Facebook ad.

Chart of the Week:

Global Facebook Reach & Engagement (Smart Insights).

Although low, Facebook organic reach vs. page likes is not as bad as I might have guessed.

Social Media Rundown: Russia Disinformation Campaign Deeper Than Thought; Facebook Data Breach; Women and Abusive Tweets

In this week’s Rundown, Russia’s disinformation campaign and (even more) Facebook troubles dominate the news. Meanwhile, the businesses of influencer marketing and interior design are alive and well on Instagram. And be sure to check out the learn section for tips on making your social media marketing more personal and to learn how to set up and run an effective LinkedIn ad campaign.

Social Media News:

  • New Report on Russian Disinformation, Prepared for the Senate, Shows the Operation’s Scale and Sweep (The Washington Post). Russia used every major social media platform to support Trump. The same report finds Instagram played a much bigger role in Russia’s manipulation of U.S. voters than previously discussed and will be a key Russian tool in the 2020 elections. There were 187 million interactions with Instagram content, compared with 77 million on Facebook and 73 million on Twitter, according to a data set of posts between 2015 and 2018.
  • Facebook Exposed up to 6.8 Million Users’ Private Photos to Developers in Latest Leak (The Verge). Facebook continues losing consumer trust. The social networking company recently exposed private photos from up to 6.8 million users to apps that weren’t supposed to see them.
  • Study Finds Twitter Is a Toxic Place for Female Politicians and Journalists (Axios). The findings show abusive tweets were sent to all female members in U.S. Congress and U.K. parliament, as well as a number of other prominent female political journalists. Black women were 84% more likely than white women to be mentioned in abusive tweets.
  • Instagram Influencers Are Faking Sponsored Content Because They Think It Attracts Real Brand Deals (Insider). Fake it till you make, am I right? This is only further proof that influencer marketing is big business these days. Speaking of big business and Instagram, the photo-sharing app is also reshaping the $10B business of interior design.

Learn:

  • Why Personalization Is the Next Big Opportunity in Social Media Marketing (Buffer). Personalized social media is sort of the next frontier of social media marketing. It’s a step beyond standard customer service and is all about one-on-one communication between brands and customers. This article has a brief case study from Kimpton Hotels.
  • The Complete Guide to LinkedIn Ads: How to Run a Successful Campaign (Hootsuite). With this in-depth blog post from Hootsuite, you’ll learn how to use LinkedIn ads — from setting up your ads to tweaking and improving them over time.

Chart of the Week:

Social Media Outpaces Print Newspapers in the U.S. as a News Source (Pew Research). One-in-five U.S. adults say they often get news via social media, slightly higher than the share who often do so from print newspapers (16%).

More Americans get news from social media than print newspapers.
Where do you get your news?

Social Media Rundown: Facebook Data Privacy Saga; Giuliani Gets Pranked on Twitter; YouTube’s Story Feature Expands

As Trump’s cybersecurity adviser, you’d think he’d have some grasp of how the internet works.

The latest chapter in the Facebook data privacy saga reveals even more questionable business practices and leadership at the social media giant. I doubt anyone is surprised at this point, but I do find it fascinating how Facebook and its leaders keep digging themselves into an ever-deepening hole. Facebook continues to dominate the social media news cycle while companies like Snap and YouTube keep rolling out new features to try and stay relevant. Meanwhile, Rudy Giuliani seems to have no idea how the internet works, which is curious seeing as how he is Trump’s cybersecurity adviser.

In this week’s learn section, you can learn about the differences between Google Ads and Facebook Ads and also learn how to boost your Facebook ad relevancy score.

Social Media News:

  • Facebook Used People’s Data to Favor Certain Partners and Punish Rivals, Documents Show (The New York Times). The Facebook data privacy saga continues on. In this chapter, unredacted documents show Facebook used data it collected on users to favor certain partners and punish rivals. The documents further illustrate how Facebook executives treated data as the company’s most valuable resource. Mark Zuckerberg and Sheryl Sandberg “were intimately involved in decisions aimed at benefiting the social network above all else and keeping users as engaged as possible on the site, according to emails that were part of the document trove.” You can go deeper with this story with the Axios AM newsletter.
  • Rudy Giuliani Is Trump’s Cybersecurity Adviser. He Might Want a Refresher (The Washington Post). Always remember to double check your tweets for possible typos, or in the case of Giuliani, to make sure you’ve added spaces between all your sentences. When text is butted up against a period without a space, Twitter assumes it’s a link and well, hyperlinks it. Click through to see his tweets. Direct quote from Giuliani: “Twitter allowed someone to invade my text with a disgusting anti-President message.” He clearly doesn’t understand how the internet works.
  • YouTube Is Rolling out Its Instagram-Like Stories Feature to More Creators (The Verge). YouTube Stories last for seven days on the mobile app, appearing for both subscribers and non-subscribers, and they’ll show up in YouTube’s “Up Next” sidebar beside a video. “The focus for YouTube Stories, which was first announced in November 2017, seems to be on community engagement and channel promotion more than day-to-day life updates.”

Learn:

  • Demystifying Google Ads vs. Facebook Ads (Angelic Digital via Medium). It’s basically a difference between paid social and paid search, but this short blog post gives a nice breakdown of the key differences.
  • 6 Ways to Achieve High Relevance Scores in Facebook Ads (Socialnomics). Higher ad relevance scores will lead to lower costs and better ad visibility leading. This article breaks down what the Facebook ad relevance score is, how it’s calculated, and ways to achieve a higher score.

Chart of the Week:

Social Platforms: Active Global Accounts (From Hootsuite’s Social MediaTrends Report 2019).

Social Platforms: Active Global Accounts
Facebook continues to dominate in the global monthly active user category.

Social Media Rundown: Facebook’s Data Dilemma; the Rise of Instagram Stories; A Twitter Edit Button?

FRONTLINE: The Facebook Dilemma
Watch the two-part series “The Facebook Dilemma” on PBS.

The New York Times published a rather scathing look inside the ongoing crisis at Facebook driven by privacy issues and the spread of disinformation. Although I haven’t read the full piece yet (it is quite long), it’s clear it takes particular aim at CEO Mark Zuckerberg and COO Sheryl Sandberg for their negligence in allowing the company to get into this mess in the first place. If you find the NYT story of interesting, be sure to also watch the two-part documentary from PBS’s Frontline “The Facebook Dilemma.”

Instagram Stories have not only grown at an incredible pace (see chart below), it has also shown success in other ways, like the million-dollar business of designing people’s Stories. Some surprising news came from Twitter CEO Jack Dorsey regarding a possible edit button for tweets. What might such an edit button look like? How many times could you edit a tweet? And for how long after it’s sent? That’s what the folks at Twitter need to figure out as they decide whether or not to roll out such a feature.

Finally, don’t forget to check out the Learn section for tips on building thought leadership and how to maximize your videos shared on social media.

Social Media News:

  • Delay, Deny and Deflect: How Facebook’s Leaders Fought Through Crisis (The New York Times). This is a long read that I’m planning to take on this weekend, but the key point is that both CEO Mark Zuckerberg and COO Sheryl Sandberg bear direct responsibility for the company’s woes: “Bent on growth, the pair ignored warning signs and then sought to conceal them from public view. At critical moments over the last three years, they were distracted by personal projects, and passed off security and policy decisions to subordinates, according to current and former executives.” On Sandberg: “While Mr. Zuckerberg has conducted a public apology tour in the last year, Ms. Sandberg has overseen an aggressive lobbying campaign to combat Facebook’s critics, shift public anger toward rival companies and ward off damaging regulation.” So, Facebook is not exactly showing expertise in crisis communication. If you do read the full piece, be sure to also read Facebook’s response.
  • Facebook and “The Data Dilemma” (PBS Frontline). Speaking of Facebook, this is a nice video overview of what Facebook knows about you, and how it knows it – from the use of “shadow profiles,” to the main ways Facebook tracks you on the web, even when you’re not on Facebook. This is a companion video to the much longer two-part investigation of Facebook’s privacy controversy that you should definitely watch. It’s also on YouTube.
  • Designing People’s Instagram Stories Is Now a Million-Dollar Business (Fast Company). With 11 million users, at a rate of 100,000 app downloads per day, Unfold, the Instagram story template app, is set to bring in $2.6 million in revenue for 2018.
  • Dorsey Says Twitter Is Thinking About an Edit Button to Fix Typos in Tweets (The Next Web). Twitter CEO Jack Dorsey said the company has to carefully consider use cases for the edit button before making it a reality – and it could potentially be tooled to help fix typos. In my opinion, this would be the biggest change in the company’s history; even bigger than increasing the character count to 280.
  • LinkedIn Expects Media Biz to Bring in $2 Billion in 2018 (Axios). LinkedIn’s increased ad revenue can be attributed to higher user engagement on the site, driven by recent changes to pages and the LinkedIn news feed.

Learn:

  • How to Use Social Media to Build Thought Leadership (Social Media Today). From sharing quality content and knowing your audience to providing original research and building a professional profile, this is a nice listicle of how to position yourself or your brand as a thought leader.
  • How to Maximize the Exposure of Your Videos: A Strategic Plan (Social Media Examiner). This blog post has a list of five ways to post, promote, and distribute videos more effectively.

Chart of the Week:

We Analyzed 15,000 Instagram Stories from 200 of the World’s Top Brands (Buffer). 400 million people around the world use Instagram Stories on a daily basis (with that number rapidly growing). Click the image for more stats and strategic insight into Instagram Stories.

Growth of the Stories Format from 2014-2018.
As Snapchat’s growth has been nearly stagnant for the past three years, Instagram, Facebook, and WhatsApp have seen explosive growth.

What are the top social media news stories and learnings that I missed this week?