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Reddit Acquires Machine Learning Platform Spell to Improve Contextual Matching Algorithms

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Reddit Acquires Machine Learning Platform Spell to Improve Contextual Matching Algorithms

Reddit’s looking to improve its algorithm matching and spam detection, with the acquisition of machine learning platform Spell, which will enhance the platform’s capacity in various ways.

Spell enables teams to run machine learning experiments at scale, which will provide more capacity for Reddit to build its understanding of what works, and how to optimize its systems to ensure best results, both in topic matching and misuse detection.

As explained by Reddit:

With Spell’s technology and expertise, we’ll be able to move faster to integrate ML across our Product, Safety, and Ads teams. Team members from Spell have joined Reddit and will support existing and spearhead new ML projects across the company related to how we identify and classify contextual relevance, organize conversations, customize ad placements, and protect communities.

That could help to ensure that users are shown more relevant posts and updates, which will improve Reddit engagement, and could make it a more compelling app to compete with other platforms.

Spell, meanwhile, has outlined how it will contribute to the Reddit experience, with its automated processes enabling a better, safer process.

Reddit is a special place: home to a vast diversity of subreddits dedicated to every interest imaginable, it hosts more real human discussion and connection than any other site of its kind. Reddit’s mission is to bring community, belonging, and empowerment to everyone in the world, and we believe achieving that mission will require a platform that can better understand content, communities, and users.

It could be an important step, because based on Reddit’s communicated audience data, it actually seems to be losing ground, as more users switch to TikTok for trending memes.

At the end of 2019, Reddit reported having 430 million monthly active users, which it altered in 2020, instead reporting 52 million daily actives. There’s no definitive correlation between daily and monthly usage, so only Reddit would know for sure, but that likely points to a decline in users – unless only around 12% of its monthly users are logging in on a daily basis.

But even more recently, on Reddit Press site, it’s now reporting 50 million users.

Reddit press data

That seems to suggest that Reddit’s user numbers are in slow decline, which is why improved contextual matching could be a big addition, helping to showcase more of the best content to each individual user in the app.

Because there is a lot of good stuff on there, relevant to specific interests. Reddit just has to get better at presenting such – and as we’ve seen with TikTok, the capacity to highlight the best, most relevant content to each user can drive huge engagement benefits.

Reddit operates in much the same way as TikTok, with its ‘Popular’ feed taking the best content from all across the app, as opposed to confining your experience to only the subreddits and/or users that you follow.

Given this, Spell’s systems could be just the thing it needs to optimize its process.

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How to Successfully Use Social Media: A Small Business Guide for Beginners [Infographic]

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How to Successfully Use Social Media: A Small Business Guide for Beginners [Infographic]

Are you a small business owner or marketing manager, just getting started on building your social media strategy? Need to learn the basics before launching your first social media campaign?

In this infographic, Sprout Social shares social media tips broken down as follows:

  • Who uses social media?
  • What does social media do for you?
  • Define your goals
  • Targeting your audience
  • Choosing a platform
  • Social media metrics

Check out the infographic below to learn more.

How to Successfully Use Social Media: A Small Business Guide for Beginners

Sprout Social

 

 

 

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Moore Digital Names Two Executives To Serve Nonprofit Fundraisers 02/07/2023

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Moore Digital Names Two Executives To Serve Nonprofit Fundraisers 02/07/2023

Moore Digital, which assists nonprofit clients with fundraising, has named Adva Priso as chief strategy officer and Bonnie Huey as senior vice president of
digital media.

They are joining a team of “more than 70 top digital experts from across the for-profit and nonprofit industries, including strategists,
media planners and …



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Pinterest Now up to 450 Million Active Users, Posts Solid Numbers in Latest Performance Report

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Pinterest Now up to 450 Million Active Users, Posts Solid Numbers in Latest Performance Report

Pinterest has posted its Q4 and full-year earnings for 2022, showing steady increases in both users and revenue, as it continues to build out its various offerings.

First off, on users, Pinterest added five million more active users – most of them coming from Europe – within the final measurement period of last year.

That’s a good sign for Pinterest, which actually lost users in early 2021, after the COVID-induced boom in eCommerce activity of the previous year, which saw the platform post record high usage numbers.

Many analysts and businesses seemed convinced that the COVID boost to online shopping would hold, even after the pandemic ended. That lead to companies like Meta, Google, Amazon and Twitter investing big into commerce solutions – but many of the staff they put on were eventually culled in the most recent round of lay-offs, because once physical stores re-opened, people actually did go back to shopping as normal, as opposed to continuing to rely on online options.

Pinterest felt that the most, but now, it’s steadily building back up again, as it continues to refine its solutions around evolving shopping behaviors. Which includes video content.

Pinterest’s big winner on this front has been Idea Pins, its Stories-like option which presents uploaded video in a swipeable, full-screen display.

Pinterest Ideas Festival updates

The emphasis on this format has helped boost the platform’s appeal with younger audiences, with Pinterest reporting that Gen Z was the fastest-growing demographic on the platform, increasing double digits year over year.

“Gen Z sessions grew much faster year over year than sessions from older demographics, while nearly half of all new videos pinned in Q4 were from Gen Z users.”

Pinterest also says that sessions continued to grow faster than MAUs, an indicator that it’s driving better engagement overall, while it also increased its overall video supply by 30%, another marker of the popularity of Idea Pins.

Because you can’t post video as a native pin anymore, only in Idea Pins (or paid ads), underlining the focus on the format, and Pinterest’s evolving usage.  

On the revenue front, Pinterest posted a 4% year-over-year increase, after bringing in $877 million Q4.

Pinterest Q4 2022

As you can see in this chart, Pinterest’s revenue is climbing steadily, though its revenue splits remain concerning:

Pinterest Q4 2022

Or maybe you see this as an opportunity, with Pinterest still able to potentially eek out a lot more revenue from regions outside of the North American market. Definitely, it’s got some work to do in that ‘Rest of World’ bracket.

But Pinterest is still developing, and is still expanding its ad and business offerings into new regions. So there is, indeed, potential there – yet the size of the gap here is a concern.

Still, there is growth, slowly but surely, and maybe, if you’re a believer, you can see more ways for Pinterest to generate much bigger revenues moving forward.

Pinterest remains focused on shopping, and highlighting relevant products to users, with its ever-evolving recommendation engine providing better content matches to more users every day. It’s also investing in live-stream shopping, a trend that all platforms hope will catch on in western markets, while it’s developing more presentation tools for Idea Pins to capitalize on that engagement.

In combination, these approaches are working – but at the same time, usage growth in your local market may have stalled, going on these charts.

And of course, while overall growth is interesting, what marketers want to know is whether their customers are there.

For this, you can use Pinterest Trends, which enables you to search for the most popular Pin trends by region.

Pinterest Trends

Tap into these with Idea Pins and you’ll likely be on the right path, based on these latest insights from the app.

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