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Marketing news in 5 mins or less
This weekâs round-up:
1. Facebook records the biggest ever share price slide. Facebookâs daily active users dropped for the first time in itâs 18 year history. Although the drop of 1 million users from 1.930bn (Q3) to 1.929bn (Q4) was relatively small. Bloomberg reported that Zuckerberg told employees they are facing an âunprecedented level of competition.â And must focus on short-form video, given the rise of TikTok and YouTube shorts. Metaâs CFO said iOS 14 will cost them $10 billion in 2022.
Facebook's parent, Meta Platforms, has set an unenviable record: Its stock market value shrank by more than $230 billion in a single day after the social media giant reported a rare profit decline. @BarbaraOrtutay reports:
— AP Business News (@APBusiness)
Feb 3, 2022
2. YouTube Shorts has amassed 5 trillion views in less than 2 years. Expect YouTube to turn viewership into advertising opportunities. Currently, creators are paid by YouTube via the âYouTube Shorts Fundâ.
3. TikTok introduces Instant Pages to improve load times. The landing pages are intended to act as a stepping stone between a TikTok ad and the advertiserâs website. The TikTok landing page reportedly loads 11x faster than typical advertiserâs mobile pages. Potential customers can quickly learn more about the products or services before choosing to visit the advertiserâs website.
4. Amazonâs advertising revenue grew 32% to almost $10 billion. Amazon continues to cement its position as a major distribution channel for advertisers. Amazon is behind only Google & Facebook. Google reported fourth-quarter ad revenue of $61.2 billion, while Facebook reported ad sales of $32.6 billion in the period.
5. NBCU sells out of in-game inventory ahead of the Super Bowl 56. The ads sold for up to $7 million for a 30-second in-game. The automotive, technology, entertainment, travel, and health and wellness categories saw the largest growth compared to last yearâs event.
Snippets for the road
A former Facebook execâs viral tweet on Facebookâs big challenges (below)
Over 50% of Programmatic ad spend is now video
Shopify filed a patent to open physical stores
Pinterestâs active users are down 6% on last year
While Snapchatâs active users are up 20%
Facebook's hands are tied
1âHigh ARPU coastal users have churned; TikTok is eating their lunch
2âThey can't acquire because of antitrust scrutiny
3âThey can't build because founders don't want to be there
4âIDFA killed their ability to target ads
5âThe metaverse is 10yrs out
RIP— Nikita Bier (@nikitabier)
Feb 2, 2022