Fear of Missing Out Is Keeping Most Students On Social Media Despite Lack of Enjoyment

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Does anyone actually enjoy using social media? 

According to a new survey conducted collaboratively by the University of Chicago, UC Berkeley, Bocconi University, and the University of Cologne, the majority of users (particularly among young people) believe they would be happier if social platforms like Instagram and TikTok weren’t in their lives. 

However, the students also said they continue to keep using the sites because they are afraid of missing out on what’s popular with their peers.

About The Study

The study surveyed over 1,000 college students across the U.S. on their social media habits, focusing primarily on Instagram and TikTok use. 

The survey first asked students how much they would need to be paid to deactivate their Instagram or TikTok accounts for four weeks while their friends and peers continued using the platform. 

From there, the students were asked how much money it would take to have their entire university network (including themselves) deactivate their accounts on the platform for four weeks. 

Lastly, the survey asked how much people value the platform when everyone else is on it compared to when no one else is. 

The Results

According to the findings, students said they would need to be paid $59 a month on average to deactivate their TikTok accounts, and $47 on average to deactivate Instagram for one month – assuming their peers remained online. 

Notably, those numbers both dropped if the students and their peers were all to deactivate their accounts. In fact, students said they would be willing to pay $28 on average to delete TikTok and $10 to remove Instagram. 

As the authors of the study wrote in their findings:

“Taken together, these results imply the existence of a ‘social media trap’ for a large share of consumers, whose utility from the platforms is negative but would have been even more negative if they didn’t use social media.”

In other words, the only thing keeping many people on the most popular social networks is the fact that their friends and peers are also on these platforms but the platforms themselves are viewed overwhelmingly negatively. It is purely fear of missing out which is keeping people coming back. 

These findings highlight how toxic many people see social media as, and suggest there is a large opportunity for a radically different form of social media. The trick is establishing such a platform and drawing enough of a user base without falling into any of the pitfalls other platforms have trapped themselves in.

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LinkedIn Is Making Collaborative Articles More Visible And Engaging

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LinkedIn is making Collaborative Articles more visible across its platform, including within search, feeds, and notifications. 

In an announcement today, the company said it plans to show more Collaborative Articles when users are looking for information about specific problems or topics. 

In addition to making Collaborative Articles more visible in these spaces, LinkedIn says it will also start showing your contributions to people outside your network and might even notify members “who would benefit” from your knowledge when you make a contribution. 

Other New Changes Coming To Collaborative Articles

LinkedIn announced several other big new changes coming to Collaborative Articles”

  • New “Top Contributors” section: If members found you to be one of the most noteworthy contributors in an article, you will now be featured at the top of the article.
  • Better browsing for readers: A better browsing experience for readers leads to more people seeing your contributions. The new design allows members to easily explore multiple contributions, and new cross-article hyperlinking allows members to easily jump from one article to the next. 
  • Better articles: LinkedIn says it is working closely with our editorial team to continuously improve the quality of the AI-powered article text and titles — you’ll start to see a lot more depth in the articles recommended to you.
  • Improved Top Community Voice badging: If you’re one of the most noteworthy contributors in a skill, your badge for that skill now shows up not only on your profile but also next to your contributions in the article. Badges will only remain active for members who continue to meet our selective criteria and provide noteworthy contributions within a specific skill.

For more, read the full announcement from LinkedIn here.

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X is Joining The Google Ads Display Network

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X (previously known as Twitter) is partnering with Google Ads in an attempt to make up for the declining ad revenue seen by the company since its takeover by Elon Musk. 

In the near future, X will be included as part of the Google Display Network, making it possible for many of the ads run by Google Ads to appear on the social network.

Why Is X Partnering With Google?

Since the purchase of Twitter by Elon Musk last year, the company has seen an estimated 59% drop in ad revenue from the US. While numbers are not available globally, most analysts agree that this has dramatically hurt the social network’s profits 

Much of this reduction in ad revenue was sparked by Musk’s decisions to reduce moderation on the platform and to unban controversial accounts. Since then, advertisers have seen their ads appearing alongside increasingly objectionable content including hate speech, slurs, and nazi imagery. As you might expect, this has led many advertisers to completely stop advertising on the platform.

Can You Opt Out?

For brands concerned about potentially having ads shown alongside hateful or controversial media, it is important to know that you can choose to not have your ads shown on X or any other website. As a Google spokesperson told Ad Age:

“This is an opportunity for our advertisers to reach a broader audience, but as always they can choose what sites and apps their ads run on. Any publisher who participates in this type of partnership must abide by our publisher policies.”

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X Is Likely Going To Start Charging All Users For Access

X (formerly Twitter) is likely to do away with free accounts in the near future and shift to a strictly paid business model according to a recent statement from owner Elon Musk. 

Rumors had been swirling that Musk is considering moving away from free accounts, and the controversial business leader confirmed as much in a live-streamed interview with (similarly controversial) Israeli Prime Minister Benjamin Netanyahu earlier this week. 

In the discussion, Musk mentioned that he X is “moving to a small monthly payment” as a solution to problems on the platform. 

Specifically, Musk said this approach is “the only way I can think of to combat vast armies of bots. Because a bot casts a fraction of a penny – call it a tenth of a penny – but even if it has to pay … a few dollars or something, the effective cost of bots is very high.” 

How this paid model would prevent issues that have been seen on other platforms with a small entry fee is unclear. 

At the same time, it is hard to believe Musk isn’t also considering introducing a mandatory fee for users as a solution to continuously dwindling ad revenue. 

Since taking over Twitter, ad revenue has fallen throughout Musk’s ownership, largely due to reductions in moderation and increases in objectionable content including hate speech. The platform has had several high-profile incidents of advertisers being unwittingly shown alongside nazi imagery, slurs, and calls to violence.

Meanwhile, Musk argues these incidents are rare exceptions and blames organizations such as the Center for Countering Digital Hate saying they are “actively working to prevent free expression.”

Despite the series of controversies and questionable decisions, Musk touted several milestone achievements throughout the livestream, including saying that X has 550 million monthly users who post between 100 to 200 million times a day. 

For businesses continuing to include X as a part of their social media strategy, it is important to monitor these continued changes and assess whether the platform is worth paying for access.

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TikTok Shop is Officially Here For US Brands

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TikTok is finally making its foray into e-commerce with the official launch of TikTok Shop for businesses and users in the United States. 

The new feature has been in beta since at least April, but now all US-based brands can set up their own shops within the app.

To make it easy to set up your own shop, TikTok Shop is integrated with the most widely-used e-commerce platforms including Shopify, WooCommerce, BigCommerce, Magento, and Salesforce Commerce Cloud. 

Additionally, TikTok has made it possible to easily add apps like Zendesk, Printful, Yotpo, EasyShip, and more to expand the features already available in TikTok Shop. 

What Can TikTok Shop Do For Your Business?

TikTok has already proven it can be a highly influential platform for e-commerce brands hoping to be the next big thing. With a US user base of over 150 people, the app is well-positioned to connect brands with engaged consumers who are likely to spread the word of your brand even further. 

Now, the app is streamlining the process of discovering and purchasing a new brand or product by allowing brands to set up stores in a dedicated “Shop Tab” to promote and sell their products without leaving the app. 

Along with product listings, TikTok Shop also allows users to read and leave reviews to promote trust in your brand. 

Interestingly, the platform also includes options for affiliate sellers such as influencers or creators with over 5,000 followers to sell and promote TikTok Shop products. 

For more, read the full announcement from TikTok here.

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Reddit Introduces An Official Keyword Research Tool To Improve Ad Targeting

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Years after it introduced the ability to buy and target ads across the platform, Reddit is officially launching its first keyword research tool.

The new AI-powered tool allows you to better target the people who will see your ads and improve their performance – meaning you pay for fewer irrelevant impressions or clicks. 

Wise advertisers can also use the tool to brainstorm new ways to connect with their audience which may have been previously elusive. 

How Does It Work?

The Keyword Suggestions tool is being rolled out as a feature available in the Reddit Ads Manager – the platform’s self-service tool for creating and managing ads.

The tool uses machine learning and natural language processing to compile lists of relevant keywords and to filter out irrelevant keywords based on the original context of the keyword. 

Once done, the tool compiles these keyword options and sorts the list based on the number of monthly Reddit views each keyword has received. 

How This Differs From Other Tools

Third-party keyword research tools for Reddit have been available for some time, though all third-party tools will inevitably have gaps in the data they have to work with. Meanwhile, Reddit can theoretically use raw data to provide the most accurate keyword recommendations for users.

The tool is rolling out now for advertisers to put it to the test and see how its keyword recommendations compare and whether they can effectively drive more ad engagement.

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X is Sending Less Referral Traffic Compared To a Year Ago

The bad news just keeps coming for Elon Musk’s X, formerly known as Twitter. A new report from Automattic indicates that the social network is sending less traffic for publishers compared to a year ago.

Twitter built much of its popularity on being a reliable way for publishers to drive interest and traffic to content because it allowed users to easily share and discuss the latest news and media.

As the site becomes more controversial and its user base dwindles, however, it appears to be sending less traffic to these types of links.

What The Report Says

From the first half of 2022 to the first half of 2023, traffic from X fell by an average of 24% based on a random sampling of 25 large and small publishers. The impact varied depending on the publisher, with some larger publishers taking particularly large hits to their traffic. 

Among the publishers that saw the biggest drops in referral traffic from X were Buzzfeed (-70%), Reuters (-67%), The Washington Post (-42%), CNN (-39%) and Fox News (-39%).

Not a New Trend

It would be easy to put all the blame on Elon Musk’s recent ownership of the social network. Along with the rebrand to X, Musk has made sweeping changes to how the platform functions including reducing moderation, introducing paid verification services, and unbanning prominent controversial figures. 

However, this is just the latest plunge in a years-long pattern of dwindling referral traffic. 

Twitter has been gradually delivering less traffic to publishers since 2018, though the pattern appears to have accelerated in the last year. 

Of course, this trend hasn’t hit all publishers. Some have even reported seeing more referral traffic this year than in the past. Still, it would be wise for publishers to keep an eye on their referral traffic and potentially make plans for finding new ways to drive traffic if the pattern continues.

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New Instagram Test Asks “Are Four Ads At Once Better Than a Single Ad?”

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Instagram is testing a new ad format that combines four ads from competing businesses into a single ad unit. 

In other words, users will be seeing four ads from different sources on a single screen to encourage users to consider a wider number of businesses and to encourage brands to deliver the best ad messages to entice customers. 

The latest multi-ad format is a new take on Instagram’s Multi-Advertiser ads, which grouped related sponsored posts together and showsed them to people who have recently expressed interest in related products or services. 

If you want to see the new ad format for yourself before you consider trying it out, you’re most likely to see them between Instagram Reels, the company’s take on short, TikTok-esque videos. 

Why Multiple Ads At Once?

Obviously, many brands and advertisers have expressed skepticism and outright cynicism about this ad format, suggesting it is an attempt to boost ad impressions without delivering increased value to advertisers. 

Of particular concern is the idea that the first ad in any of these multi-ad sets is likely to receive the majority of clicks, while ads in other positions are costing brands the same amount without leading to clicks. The fact that the ads appear following another piece of content, when users are likely to be unengaged with the app is another concern. 

Despite this, Instagram is already promoting the new ad format test in an announcement in the platform’s Help Center. In the announcement, the company said:

“Multi-advertiser ads help people discover and compare products from multiple businesses. This ad unit, available for selected placements on Facebook and Instagram, gives advertisers the opportunity to be discovered by people who have recently shown and interest in related products or businesses.”

As a test, this ad format is rolling out gradually and may not be available to all advertisers. If you want to ensure your ads do not appear in this type of format, you can opt out in the Settings menu.

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Google Business Profiles Now Let Brands Include Links To Social Profiles

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Google is finally allowing brands to naturally add social media links within their Google Business Profiles. 

The move comes following years of frustration from website owners, as other search engines like Bing have allowed similar links and more advanced social media integration for years. 

Now, any business with a Google Business Profile (formerly Google My Business profiles) can highlight their social channels easily within Google Search and Maps. 

This is especially important for businesses that use social channels to handle customer support, as well as making it easier for brands to connect with new potential customers on the platforms they are most active on. 

How It Works

Google quietly revealed the new feature in a support page that details exactly how to add links to your Google Business Profile and what limitations there are. 

To add social media links to your Google Business Profile, first log in and access your profile. From there, look for the option to ‘edit profile’ and select ‘business information’ followed by ‘contact’.

Here you will find a new section labeled ‘Social profiles’ where you can easily add one link per profile, including those on Facebook, Instagram, LinkedIn, Pinterest, TikTok, X (formerly Twitter) or YouTube. 

In some cases, Google may automatically add links to social profiles on Google Business Profiles. If these are inaccurate or you would prefer to use different links, you can edit or remove links in the same area. 

While the feature is already available to many, Google says it is rolling out gradually to select regions.

For more, visit the support page for this new feature here.

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Twitter Is Rebranding to “X”

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Elon Musk is continuing to remake Twitter as he wants it with the biggest change yet – an entirely new brand name – X. 

Instead of Twitter, users visiting the social network on desktop devices will now be redirected to X.com, the new home of the platform for the foreseeable future. Some mobile users have already seen the update on their phone, while many others will see the icon transform from a cheerful blue bird to a sleek X in the coming days. 

In the announcement, CEO Linda Yaccarino said the new name represents their move to becoming more than a social network app to an “everything app”. 

As she shared in an X (formerly called a Tweet):

“It’s an exceptionally rare thing – in life or in business – that you get a second chance to make another big impression. Twitter made one massive impression and changed the way we communicate. Now, X will go further, transforming the global town square.”

“X is the future state of unlimited interactivity – centered in audio, video, messaging, payments/banking – creating a global marketplace for ideas, goods, services, and opportunities. Powered by AI, X will connect us in all the ways we’re just beginning to imagine.”

Analysts have expressed concern about the move, with some speculating that the social network is losing billions in brand recognition. 

It is also unclear if the brand name change will bring back any advertisers who had stepped away from running ads on Twitter following a rise in hate speech and offensive content over the last year. 

Additionally, the use of redirects and completely changing the domain name raises questions about how long embedded Twitter content on other sites will continue to function or if they will soon break as the Twitter domain becomes part of the past. 

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