Since Elon Musk’s Takeover, Twitter Has Lost 40% of Its Daily Revenue

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Since the much-publicized takeover by Elon Musk, Twitter has seen its daily revenue plummet by up to 40%. While Musk has been widely criticized for his behavior as CEO and management of the company in recent months, this info, reported by The Information, indicates things are also falling apart behind the scenes. 

Much of the lost revenue is attributed to recent news that more than 500 of Twitter’s top advertisers cut or entirely stopped advertising on the platform since Elon Musk’s takeover. 

Why Are Advertisers Pulling Away From Twitter?

The main issue raised by most major advertisers is Musk’s approach to content moderation. Musk has claimed to be a proponent of free speech online, indicating that content moderation should be handled with a light hand – if at all. 

As such, Musk has reinstated many previously banned accounts – including those of avowed white supremacists – and dismissed most of the staff responsible for content moderation on the platform. 

Understandably, this has made many large advertisers wary of how safe the platform is for their advertising. 

At the same time, Musk has also terminated much of Twitter’s sales teams, including those in charge of accounts with the company’s biggest advertisers. Similarly, engineers and data scientists who were working to improve the advertising service on Twitter have been dismissed. 

What This Means For Twitter’s Future

Unless Musk finds a way to reverse course and satisfy previous advertisers’ concerns, this could bode poorly for the company’s future. Users have already expressed frustration with having new features locked behind a paywall as part of Twitter Blue, indicating the premium service will not be able to make up for lost ad revenue. Meanwhile, Musk’s slashing of staff will make it difficult for the company to engineer new tools or services that generate revenue. 

With all this in mind, advertisers have every right to approach the platform with caution.

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LinkedIn Previews 2023’s Upcoming Features and Updates

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To kick off 2023, Linkedin is giving a preview of the upcoming features it is working on. Along with updates to the platform’s job search systems, the company revealed it is prioritizing making content more accessible, new ways to find B2B products and services, better analytics, and more. 

Let’s explore all 7 of the new features LinkedIn revealed:

1. Improving Accessibility for Video Content

To help content creators make their videos more accessible, LinkedIn will start automatically generating captions for all videos on the platform. Currently only available for English users, creators can edit these captions or upload manually generated captions when uploading videos. 

Additionally, LinkedIn is adding a high contract mode on the LinkedIn app to make videos and other content easier to see for those with difficulty seeing. 

2. Standardized Accessibility Job Titles

LinkedIn is making it easier for those working in accessibility to find job opportunities and connections by providing a set of standardized job titles for use across the platform. 

3. Alt Text In Campaign Manager

Another feature intended to make visual content more accessible, LinkedIn’s Campaign Manager has added the ability for advertisers to add alt-text descriptions to images in ads. 

4. Personalized Job Collections 

According to LinkedIn’s research, more people are casually looking for job opportunities than ever – particularly with the goal of finding a position that better aligns with their values and interests. 

With this in mind, LinkedIn is creating personalized job collections to help users find opportunities without conducting specific searches. 

5. Improvements to B2B Product Search

To make it easier to search and filter through the nearly 90,000 B2B available across LinkedIn, the platform is adding new category filters and ways to share information with prospects 

Along with updates to the B2B product search engine, the company is improving Product Pages to better showcase the benefits and unique features of B2B products.

6. Post Scheduling

After years of pleas from users, LinkedIn is finally letting creators schedule posts ahead of time. 

Users will begin seeing a “schedule” button directly next to the “Post” button when preparing a post. If selected, the icon will let you select exactly when you want your content to go live. 

7. Improvements to Analytics

Lastly, LinkedIn is updating its analytics dashboard for creators to include more relevant data like audience insights and top-performing content. 

The company says highlighting these specific types of data will help brands understand their overall growth and performance at a glance.

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Twitter Introduces View Counts, Promises Users Will Be Able To Opt-Out

Last week, Twitter CEO Elon Musk suddenly revealed that view counts would be publicly visible for all tweets – not just videos shared on the platform. 

Previously, this data was only available to the user who posted a tweet through the post insights tools for creators. 

The view count appears alongside other engagement metrics such as likes and retweets, below the main content of a tweet. The number also refreshes in real-time.

As Musk said during the announcement, the view count is meant to draw attention to the number of Twitter users that do not typically engage with tweets in public ways – such as commenting or liking:

“[This] shows how much more alive Twitter is than it may seem, as over 90% of Twitter users read, but don’t tweet, reply or like, as those are public actions.”

Twitter users did not appear to be on board with the newly viewable impressions counts, though many complained that the lack of engagement compared to views actually demoralizes creators. It is also a strange time to introduce impression counts when there has been widespread frustration about falling engagement across the platform.

After days of backlash about the feature, Musk said that the platform would be adding the option to turn off view counts. 

In response to a comment from someone who disliked the design of Twitter since adding the view count, Musk said the platform will “tidy up the esthetics & add a setting to turn it off.”

Still, the controversial CEO remained positive about the feature, saying “I think almost everyone will grow to like it.”

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Twitter Blue Expands To Brands With Blue For Business

After a somewhat chaotic rollout for Twitter Blue Verified for standard users, the company is beginning the process of launching Blue for Business.

The new subscription option will distinguish verified businesses from verified individuals through a unique gold checkmark, square profile pictures, and the ability to link affiliated Twitter accounts.

Those who are linked as an affiliated account, such as accounts of employees, will be given a different badge next to their verified individual checkmark. 

For example, you can see the difference between the official Twitter account and the linked affiliated account for an employee below: 

Blue for Business example

It is unclear what other benefits Blue for Business accounts receive by subscribing – other than the ability to distinguish themselves from potential impersonators.

However, the announcement does describe some ways Twitter sees Blue for Business being used by brands:

“By creating this connection, we’re making it possible for businesses to create networks within their own organizations–on Twitter. Businesses can affiliate their leadership, brands, support handles, employees or teams. Journalists, sports team players or movie characters can all be affiliated. You name it, we got it. Each affiliate will be verified and officially linked to their parent handle based on a list provided by the parent business. We will share any new criteria, pricing or process as we update them.”

Currently, Blue for Business is limited to a pilot run of select accounts. It is expected to roll out broadly to brands that want to subscribe early next year. Most likely, we will learn more about exactly what the service has to offer brands other than verification.

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Twitter Relaunches Twitter Blue and Other Profile Verification Labels

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After a false start, Twitter is relaunching its verification system including the much-discussed Twitter Blue program. 

To distinguish those who are paying for verification from celebrities or well-known businesses, the new take on the system is also introducing unique labels for businesses and official accounts. 

During the initial rollout of the Twitter Blue system, there was a wave of confusion as parody accounts, trolls, and other bad actors were spending the $8 fee for Twitter Blue to impersonate public figures and companies. 

Following this confusion and complaints from several companies facing PR fiascos, Twitter CEO Elon Musk temporarily retracted the program. In theory, the new badges for official and business accounts, along with restrictions on who can apply for Twitter Blue, should help prevent bad actors from abusing the system. 

Below, we will get into what each badge stands for and who is eligible for each.

Twitter Verified (Twitter Blue) – Blue Checkmark

The classic blue checkmark will be available to users subscribing to the Twitter Blue verified program.

The program costs $8 per month if you subscribe through a web browser or $11 for those subscribing through the iOS app. Musk says the increased cost for Apple users is reflective of Apple’s commission on in-app purchases.

Along with the blue checkmark, Twitter Blue accounts will soon start receiving a number of benefits including:

  • Priority placement in replies, mentions, and search results
  • 50% fewer advertisements
  • The ability to edit tweets
  • The ability to publish longer videos

To be eligible, accounts must meet a number of criteria including:

  • Be Complete: Your account must include a display name and profile photo
  • Recent Activity: There must be activity on the account in the last 30 days
  • Established: Accounts must be older than 90 days and include a phone number for verification
  • Non-Deceptive: Twitter must find no signs of deceptive activity on your account, including signs of platform manipulation or spam.

Verified Businesses – Gold Checkmark

While verified businesses or public figures used to share the blue checkmark, they will now be distinguished with a gold checkmark. The intent is to prevent confusion between individuals paying for verification and brands established on the platform. 

For now, brands that already have a blue checkmark will see their badge automatically converted to the gold option. However, Twitter’s product lead, Esther Crawford, says the company will soon be opening up portals for businesses to apply for gold checkmarks.

Important Verified Figures – “Official” Labels

Lastly, the social network is granting important public figures an “Official” label next to their account names. This label will be applied to all of the following types of accounts:

  • Government accounts
  • Political organizations (such as parties) 
  • Commercial companies & business partners
  • Major brands
  • Media outlets

For more, explore the new Help Center page for profile labels.

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Instagram Adds Post Scheduler For Professional Accounts

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Instagram is finally making it easy for many users to schedule posts or reels up to 75 days in advance without the use of third-party tools or services.

In the past, the only official solution to scheduling when content goes live on the platform was through the desktop tool Meta Business Suite. 

Now, many users and almost all brands will be able to schedule content drops up to 75 days ahead of time directly from the iOS or Android Instagram apps. The only catch is that users must have a professional account which is free for brands or professionals on the app.

How To Schedule Posts on Instagram

Professional accounts can now schedule posts containing the most popular types of content on Instagram including:

  • Single Pictures
  • Image Carousels
  • Videos
  • Reels

Currently, the feature allows users to schedule these posts up to 75 days before they are to go live. 

To do this, open the Instagram post composer and tap “Advanced settings” to find the option to “Schedule this post.”

From there, you can select the exact time and date you want the content to be published. 

This will let you get the most impact out of content releases by getting in front of your audience when they are most receptive. You can also use this to synergize content releases with the content being published on other platforms or product releases to amplify your content’s influence. 

For more, check out the announcement from Instagram here.

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FCC Commissioner Calls For TikTok To Be Banned In The US

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TikTok is once again facing a potential ban in the United States after FCC commissioner Brendan Carr raised dire concerns about the app’s risk to national security. 

This is the second time the company has come under fire by US government officials. During Donald Trump’s presidency, the company was threatened with a ban until one was rejected in federal court. 

The issue now is the same as it was then – TikTok is owned by ByteDance, a Chinese company. As TikTok continues to become massively popular in the US, some worry there’s an unprecedented risk for the app to funnel data on US citizens to China. Others have suggested the prominence of the app and its current influence on American culture creates a risk for propaganda to influence American citizens.

Is TikTok Getting Banned?

The short answer, for now, is that TikTok is not getting officially banned in the US.

No formal actions have been taken, and the Federal Communications Commission does not have the authority to directly regulate or ban the company. However, the FCC has a significant influence on those that do – Congress. 

For example, it was Carr’s recommendations that largely led to the Chinese company Huawei being banned by Congress. 

What Has Carr Said?

The latest concerns over a ban were sparked by comments made by FCC commissioner Brendan Carr during an interview with Axios. 

When asked about his view on TikTok and its potential security risks, Carr plainly stated “I don’t think there is a path forward for anything other than a ban.”

Furthermore, the commissioner showed little hope that the company may come to an agreement with the US government that would allow it to remain operating in the country:

“Perhaps the deal CFIUS ends up cutting is an amazing, airtight deal, but at this point I have a very, very difficult time looking at TikTok’s conduct thinking we’re going to cut a technical construct that they’re not going to find a way around.”

How Is TikTok Responding?

For now, the company seems to be confident that they will reach a deal to continue operating and downplayed Carr’s role in any discussions about the issue. As a representative from TikTok told CNN:

“Commissioner Carr has no role in or direct knowledge of the confidential discussions with the US government related to TikTok and is not in a position to discuss what those negotiations entail. We are confident that we are on a path to reaching an agreement with the US government that will satisfy all reasonable national security concerns.”

As such, it is safe to assume that TikTok will remain in the US for at least the short-term future. How long it can withstand the growing concerns remains to be seen, though.

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Reels, New Admin Controls, and More Are Coming To Facebook Groups

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Meta is introducing a slew of updates to Facebook Groups as part of the Facebook Communities Summit, including new ways to share content, new admin controls, and more.

Groups have been a core part of Facebook for years, bringing users together around a central theme. Meta says that most Facebook users are a part of at least 15 active groups, with over 100 million group joins each day. For brands, Groups have also provided a space to become recognized as an industry authority and to build relationships with potential customers. 

The new updates announced for the Communities Summit are:

  • Reels in Facebook Groups
  • Share Facebook Group events in Instagram Stories
  • Customize Facebook Group Profiles
  • New ways to recognize Facebook Group community members
  • Updates to the Admin Assist tool
  • Ways for Group Admin to allow content normally flagged by Facebook

Reels In Facebook Groups

The social network has been making Reels more prominent over the past few months, so it was only a matter of time before the short videos made their way into Groups.

In the past, users could only post Reels to Groups using a workaround that included publicly posting the Reel and sharing that post to a Group.

Now, Group members can directly post their Reel to a Group without sacrificing the privacy of closed communities.

Share Group Events To Instagram Stories

Public events can now be promoted in Instagram Stories, making it easier to grow communities and attract non-group members to upcoming gatherings. As the announcement reads:

“Whether you’re a group admin hosting a meet-up to celebrate a community milestone, or a Group member sharing your passion with friends, this feature can help you showcase your community more broadly.”

Customize Facebook Group Profiles

To keep Group members up-to-date and build better connections, Meta is adding two new ways to customize your Group profiles.

Firstly, Groups can now customize the information in the About Me section of their profile to highlight important information for the community. 

Additionally, admins and members can now add indicators to their profiles showing whether they’re open to messages from other group members.

Recognize Top Group Members

Facebook Groups are testing a new way to highlight members who are contributing the most to the community. As Meta describes, the new system allows users to earn points through reactions and comments on posts. Users with the most points can then be given badges celebrating their contribution to the group.

Users can also take on a new role within Facebook Groups as a “socializer” or group member who goes out of their way to make others feel welcome, connected, and motivated to participate in the community.

Updates To Admin Assist Tools

The existing tools for admin are being expanded with new moderation options and ways to take action on content posted to the group.

With the new tools, the admin can automatically move or remove posts rated as false by third-party fact-checkers. Along with this, group admin can use the Daily Digest to easily review the latest actions taken in the community. 

Approve Content Flagged By Facebook

Facebook is working with group admins to give group leaders ways to approve non-offensive content which may otherwise be flagged and removed by Facebook’s automated systems. 

In the announcement, Meta gives the example of a group for fish tank enthusiasts. Within these communities, it may be common to call a fish “fatty” in a way that is not intended to be offensive. Previously, Facebook’s tools would flag this content despite the clear context and intent.

The new feature is being granted to eligible groups based on a variety of criteria. For example, the announcement notes that a group may not be eligible if the admin were previously part of a removed group.

For more about these features and all the latest info about Facebook Groups, check out the full announcement here.

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TikTok Reveals Its Latest Exciting Feature – Pictures

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Though TikTok is mostly known for its video content, the platform’s latest feature is a throwback. Along with new editing abilities and longer captions for content, TikTok has revealed it is introducing a Photo Mode within its app.

What Is Photo Mode?

As announced in a recent blog post, TikTok’s Photo Mode is a new post format that creates a carousel or slideshow of still images for users to share.

Along with their original images, users can add music, filters, stickers, and more to the carousel.

Ironically, the new post format is very similar to the type of content found on Instagram – which has been repeatedly accused of copying TikTok’s features.

Though nearly every popular social network has incorporated aspects of TikTok’s layout and features in the past year or two, Instagram has received the most criticism for the ways it has borrowed from the newer platform. This may be partially because many view the two platforms as rivals.

Enhanced Editing Features

Along with the reveal of Photo Mode, TikTok introduced new editing tools for videos, photos, and more. 

As the blog post says:

“TikTok’s enhanced editing tools allow you to easily adjust clips, sounds, images, and text in a new editing environment, all within TikTok’s creation flow.”

With the new tools you can:

  • Edit clips: Stack, trim, and split video clips.
  • Edit sounds: Cut, trim, and set the duration for sounds.
  • Edit and position text: More easily edit, position, and set the duration for text.
  • Add overlays: Add photo and video overlays for picture-in-picture (or video-in-video) stacking.
  • Adjust video speed: Speed or slow the pace of video clips.
  • Frame content: Rotate or zoom in and out of frame of individual clips.
  • Add sound effects.

The new features, including Photo Mode, have been rolled out to all users in the U.S. and most other countries.

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Facebook Launches New Streamlined Pages Experience For SMBs

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Facebook rolled out a new version of Pages specifically designed for small and medium-sized businesses to grow their brand and connect with customers and other companies.

The new Pages layout is broadly similar to what you are used to, but a little more streamlined to make managing your brand’s Page easier than ever.

Specifically, the new layout makes it easier to swap between your personal and business accounts, introduces a Professional Dashboard to control all your Pages activities in one place, and gives you access to a unique dedicated Feed to interact with your audience.

With the new layout, Page managers can easily swap between accounts by tapping or holding down on the top right menu icon.

Along with the new layout, Facebook offered five tips for getting the most out of the new page experience for your business.

1 Set your business profile up for success.

Complete your basic business profile: Add a profile picture and cover photo, description of your business, contact details like your website, phone number, address and business hours so that people can discover and learn about your business.

Customize your page: Add an action button to direct people to take an action from your page, such as Call Now, Send WhatsApp message, Buy Now and many more. Pin posts, shops and upcoming events to a new Featured section to highlight important information at the top of your page and in a simple way for people to scroll through.

Assign Facebook admins: Assign admins to help you manage your Page. Use the Page Access tab in the Professional Dashboard to control who can access and manage your Page. You can give access for only certain tasks, such as Advertising or Messaging.

2 Grow your audience.

Invite your family, friends and existing customers to like your page using the Invite Friends feature. Inviting friends, posting more often, getting page likes and responding to comments can all help grow connections.

Understand your weekly follower growth, get information about your followers, such as age and location, and track how your posts are doing with a simplified Insights tab in your Professional Dashboard.

Turn your top-performing posts into ads to show your content to more people by Boosting your post. Your ad may appear in different placements, such as Instagram.

3 Create better content.

Schedule your posts directly from the composer to publish at a later time, such as when your followers are most active.

Use trending hashtags to get your content discovered by a new and relevant audience. You can also share posts in up to 3 groups and link your Instagram to cross-share to your followers on Instagram.

Add the Get Message action button directly in your post to help get more messages from people who view your content.

4 Engage your community as a business.

Your business page now has its own Feed, which enables you to more easily engage with people, customers and other businesses on Facebook.

Join in on the conversation in the comments section of your own posts to delight and engage your audience. The posts that you engage with may also be shown again in your followers’ Feeds, which can further increase your reach. You can also engage with content from other pages’ accounts. Comment on posts as your Page to help build connections.

5 Account safety and security tips

There are a few safety checks you can do to help make sure your account is set up for success. Here is a quick refresher:

Set up 2-Factor authentication: Turn on 2-factor authentication and add an extra layer of security for your account. On Facebook, go to the 3 lines in the bottom right, tap Settings & Privacy on the bottom, then tap Privacy Shortcuts, then tap Use2-factor authentication. On Instagram, go to settings, tap Security, then tap 2-Factor Authentication..

Use comment moderation tools: Foster positive conversations and have more control over unwanted interactions with Facebook’s comment moderation tools.

Moderation Assist: Proactively moderate new comments on your posts by criteria you set in advance.

Choose who can comment: Limit who can comment on your organic public posts, from Profiles and Pages you follow to Profiles and Pages you mention.

Action on hacked accounts: If you think your account has been hacked or taken over, there are actions you can take to secure your account. Learn more about how to take action on Facebook on Facebook.

For more about the new Pages experience, check out the full announcement or Help Center page.

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