YouTube Still #1 Platform

🤳17th September 2024 | Meta Launches New Ad Tools for the Holidays, Threads App Soars in August, Google’s August 2024 Core Update Sparks Major Volatility, Shoppers Scale Back Daily Spending for Holiday Budgets, and more!

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SOCIAL MEDIA

📊 YouTube Tops as Most Popular Platform

Source - Social Media Today

YouTube ranks as the most popular platform among U.S. adults aged 18-29, with 93% using it, driven by its extensive content variety and influence on trends. Instagram follows at 78%, while Facebook (67%), Snapchat (65%), and TikTok (62%) also maintain strong appeal. Pinterest (45%), Reddit (44%), LinkedIn, and WhatsApp (32%) trail behind, with BeReal at just 12%.

🚀 Threads Climbs Higher in App Download Rankings

Source - Social Media Today

Meta’s Threads app continues its rise, ranking 6th globally in August 2024 with 28 million downloads, including 11 million on iOS and 17 million on Google Play. Despite trailing behind leaders like Instagram (64M) and TikTok (49M), Threads is outpacing key competitors like X, which didn’t make the top 10. Threads is projected to surpass 300 million active users by the end of the year. 

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PERFORMANCE MARKETING

🎯 Meta Launches New Ad Tools for the Holidays

Source - Social Media Today

Meta is rolling out new ad features for the holiday season, such as an automated discount code application at checkout, reminder ads with overlays for increased visibility, and in-store promotions targeting shoppers based on prior engagement. These updates, launching before the holidays, are designed to enhance engagement and boost sales. Additionally, advertisers can add multiple landing pages to a single ad for greater flexibility.

SEARCH

📈 Google’s August 2024 Core Update Sparks Major Volatility

Google’s August 2024 core update, which rolled out from August 15 to September 3, was notably volatile, with ranking fluctuations peaking at an average of 4.48 globally. The volatility was more intense than the March 2024 update, driven by changes in niche sectors like retail. Some websites showed improvement, though many saw little change.A ranking issue during the early days complicated initial analysis. 

OUTLOOK

🛍️ Shoppers Scale Back Daily Spending for Holiday Budgets

Nearly 60% of consumers intend to reduce everyday spending to focus on their holiday gifting budgets, as reported by a Coveo survey. Nevertheless, 76% plan to keep or increase their holiday expenditures. Primary concerns for shoppers are value (29%) and ensuring product quality (9%). Deloitte predicts holiday sales growth between 2.3% and 3.3%, reflecting a slowdown attributed to high interest rates and inflation. 

BRAIN TEASER

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I have bubbles, a pipe, and a mouth to drink my soap. What am I?

The answer is: A bath tub!

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