Connect with us

SOCIAL

FTC Launches Lawsuit Against Facebook Over Antitrust Activity

Published

on

ftc launches lawsuit against facebook over antitrust activity
cb4347b0f6966308f0423dd8e61d2356

The Federal Trade Commission has launched new legal action against Facebook, which alleges that the company is “illegally maintaining its personal social networking monopoly through a years-long course of anticompetitive conduct”.

The suit specifically focuses on Facebook’s acquisitions of Instagram and WhatsApp, and calls for a divestment of the two apps, which would break-up Facebook into separate parts.

As per the FTC:

“Following a lengthy investigation in cooperation with a coalition of attorneys general of 46 states, the District of Columbia, and Guam, the complaint alleges that Facebook has engaged in a systematic strategy – including its 2012 acquisition of up-and-coming rival Instagram, its 2014 acquisition of the mobile messaging app WhatsApp, and the imposition of anticompetitive conditions on software developers – to eliminate threats to its monopoly. This course of conduct harms competition, leaves consumers with few choices for personal social networking, and deprives advertisers of the benefits of competition.”

The action claims that Facebook has total dominance over the ‘social advertising’ market, which it has solidified through its acquisitions and intimidatory behavior. Facebook CEO Mark Zuckerberg faced questions on the same from a House Judiciary Committee earlier this year, which, among other findings, suggested that Facebook purchased Instagram to ‘neutralize’ a competitor‘.

That initial examination, however, did not set out any course for legal action, which is now being implemented by the FTC. That could eventually lead to Facebook being forced to sell off Instagram and WhatsApp, significantly reducing its market presence.

Which would be a drastic step, and I’m not sure anyone believes that it will go that far, at least at this stage. But it’s a real possibility, laid out within the terms of the FTC complaint.

The FTC is seeking a permanent injunction in federal court that could, among other things: require divestitures of assets, including Instagram and WhatsApp; prohibit Facebook from imposing anticompetitive conditions on software developers; and require Facebook to seek prior notice and approval for future mergers and acquisitions.”

Facebook issued a quick response via tweet, but says that it will provide a more in-depth reply shortly.

In the past, Facebook has successfully argued that it’s only one part of a much broader digital advertising landscape, and that it can’t truly be considered monopolistic given the breadth of options available, both for advertisers and consumers. 

One specific argument could be the rise of TikTok – despite the FTC’s claims that Facebook has stifled competition, TikTok has risen to become a rival for Facebook in various respects. Snapchat, too, has grown in the shadow of The Social Network – but then again, in both cases, Facebook did try its best to limit each app’s growth.

Facebook made an offer to acquire Snapchat back in 2013, which CEO Evan Spiegel famously refused, while Facebook reportedly sought to sow questions around TikTok’s Chinese ownership with US Senators, which lead to an official investigation being launched into the app. Facebook has also launched copycat functions of each within its apps to blunt their respective growth.

Yet, even so, TikTok and Snapchat have succeeded in many respects. Can Facebook then use this as an argument that it doesn’t have a definitive hold on the market?

The legal technicalities will go into far more depth, and it’s impossible to know which way the case will lean. But it’s a significant challenge for Zuck and Co, with major impacts at stake.

Will Facebook have to sell off Instagram? Will it be able to argue that, due to the merger of its messaging functions, it can’t split up its apps (which some have suggested is a defensive tactic for this exact occurence)? 

Expect a prolonged legal battle, with more questions than answers, which will carry on throughout 2021 and beyond.  

Socialmediatoday.com

Keep an eye on what we are doing
Be the first to get latest updates and exclusive content straight to your email inbox.
We promise not to spam you. You can unsubscribe at any time.
Invalid email address

SOCIAL

WhatsApp Adds New Group Chat Controls, Additional Context Around Group Membership

Published

on

WhatsApp Adds New Group Chat Controls, Additional Context Around Group Membership

WhatsApp’s adding some new control options for group chats, which will provide more capacity to manage who can, and can’t, join a group, while it’s also providing new insights into groups in-common with other users, to provide more context for connection and discovery.

First off, on group controls – WhatsApp’s adding a simplified control panel UI to approve new chat members.

As you can see in this example, the new format will enable chat admins to approve and reject group chat applicants, while it will also show people that have been previously approved or rejected.

That could make it much easier to manage your group chats, and ensure you’re on top of all participating members – which will be handy for Communities, which WhatsApp added back in November, and enable users to connect around specific topics.

The idea is that this will expand WhatsApp usage beyond private chats, and facilitate a wider range of discussion. And with more social media engagement switching to private chats, it’s another means for Meta to align with that shift, and keep users engaged.

It’s a simple addition, in broader context, and could be beneficial for those trying to keep tabs on their group membership.

WhatsApp’s also adding a new ‘groups in common’ display, to help users glean more context about other members.

WhatsApp groups update

As per WhatsApp:

“With the growth of Communities and their larger groups, we want to make it easy to know which groups you have in common with someone. Whether you’re trying to remember the name of a group you know you share with someone or you want to see the groups you’re both in, you can now easily search a contact’s name to see your groups in common.”

The display could also assist in group discovery, helping you find more relevant Communities that you might also want to join to engage in related topics.

As noted, with more online interactions switching to private chats, and away from public posting on social platforms, Meta’s now trying to align with that change, and provide more ways to keep users engaged, and help brands also meet them where they’re active.

WhatsApp, which has seen big growth in US, is now a larger part of the equation, and with more people leaning into more private discussion spaces, it makes sense for Meta to provide more tools to facilitate such.

The next step is monetizing WhatsApp, which remains a work in progress – but Meta is indeed making progress on this front as well.

As such, group chats could be another way to help boost exposure for brand functionality in the app, which is why Meta will be keen to build on these tools wherever it can.

Source link

Keep an eye on what we are doing
Be the first to get latest updates and exclusive content straight to your email inbox.
We promise not to spam you. You can unsubscribe at any time.
Invalid email address
Continue Reading

SOCIAL

LinkedIn Creates Profile Summaries, Job Listings Via Generative AI 03/22/2023

Published

on

LinkedIn Creates Profile Summaries, Job Listings Via Generative AI 03/22/2023

Microsoft-owned business and
employment-focused social platform LinkedIn is adding a new ChatGPT-powered tool Premium subscribers can access to create personalized writing suggestions for sections of their LinkedIn profile, as
well as other AI integrations.

LinkedIn Premium subscribers now have the option to “Enhance” their profile via AI-drafted options for the …



Source link

Keep an eye on what we are doing
Be the first to get latest updates and exclusive content straight to your email inbox.
We promise not to spam you. You can unsubscribe at any time.
Invalid email address
Continue Reading

SOCIAL

Pinterest Provides New Tips on Effective Pin Advertising Approaches

Published

on

Pinterest Provides New Tips on Effective Pin Advertising Approaches

Pinterest has provided some new Pin ad tips, based on various brand lift studies, incorporating feedback from over 120,000 Pinners. The data shows that taking a multi-format, multi-stage approach can provide bigger returns, with brands that focus on awareness, consideration, and conversion seeing, on average, three times higher conversion rates than those aligned with just one objective.

Here’s a look at Pinterest’s key tips:

Experiment with multiple objectives 

As noted, Pinterest’s main action point is that advertisers should aim to target consumers at each stage of the purchase cycle, as opposed to focusing on just one aspect.

As per Pinterest:

“By adopting more than one objective, advertisers have seen up to a 57% improvement in sales lift. If you’re focused only on conversion, you may forgo reaching new customers further up the funnel.”

Of course, Pinterest would say that, as more ads equals more money for them, but the data shows that taking a broader focus, that incorporates each element, provides more scope to connect with Pinterest users, which can deliver better results.

Upweight your spend towards video 

As with all social platforms, video is the most engaging format on Pinterest, and is the most resonant messaging vehicle for brands.

So impactful is video in the app that Pinterest advises that brands should aim for video to comprise between 50% to 60% of their media plan, in order to maximize ROI and response.

Idea Pins are now Pinterest’s key format on this front, its TikTok-like full-screen vertical feed – and based on the data, that is proving to be the most effective brand messaging method.

Keep your campaign feeling fresh

Including ad variations in your creative mix can also improve your Pinterest campaign performance.

A campaign with 10-15 creative executions (across a two month period) can drive a 3.2x increase in ad recall. While a campaign with 16+ creative executions can drive 2x the lift in favorability.”

That’s a lot of variants to come up with, but Pinterest also notes that using 3+ ad formats can increase awareness 3x, so you don’t necessarily need 16 or more versions of each ad, just a few to keep things fresh, and keep your promotions more engaging.

Take a holistic approach to measurement

Finally, Pinterest advises that brands need to link their upper funnel brand building and acquisition efforts to lower funnel performance activity, in order to get a true gauge of campaign performance.

How-to videos, recipes and tutorials measure substantially stronger mid-lower funnel uplifts like 12x the impact on brand favorability and 8.5x on purchase intent. To maximize results pick the ad format that best fits your goals and aim to educate and inspire Pinners to incorporate your products or brand in their life in relevant ways.”

In other words, you need to consider the performance of each aspect in a broader campaign sense, as opposed to measuring each element against the same data points.

These are some interesting notes, which could help you put together a more effective Pinterest marketing strategy. And with 450 million users, and rising, and high purchase intent, it is worth considering the platform, and its potential value for your promotions.

You can read more Pinterest campaign set-up tips here.

Source link

Keep an eye on what we are doing
Be the first to get latest updates and exclusive content straight to your email inbox.
We promise not to spam you. You can unsubscribe at any time.
Invalid email address
Continue Reading

Trending

en_USEnglish