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Your Weekly Digest For Social Media Marketing News For November 2024

Your Weekly Digest For Social Media Marketing News For November 2024

Aanchal Parmar

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November 13, 2024

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3 mins

Table of Contents

Let's face it – keeping up with social media trends can feel like trying to drink from a firehose, right? One minute you're on top of the latest Instagram feature, and the next, TikTok's thrown a curveball that has everyone scrambling.

But don't worry, we've got your back!

We're rolling out this nifty little resource that we'll update every single week. Think of it as your cheat sheet to the social media marketing world. We'll sift through all the noise and bring you the juicy bits – you know, the stuff that actually matters for your marketing game.

No fluff, no filler, just the need-to-know updates that'll help you stay ahead of the curve and maybe even impress your boss (or clients) with your trend-spotting superpowers.

So, bookmark this page, set a reminder, or tie a string around your finger – whatever works for you. Just make sure you drop by each week for your dose of social media marketing news.

November 04-November 08

1. Meta Debuts Experiential LA Pop-Up Store to Showcase Ray-Ban Smart Glasses

Meta is changing tech retail with its new "Meta Lab" pop-up store in Los Angeles, designed to showcase their Ray-Ban smart glasses through immersive experiences.

The space features interactive try-on sessions, VR demonstrations, and a customization shop, complemented by live entertainment including comedy shows, podcasts, and workshops with notable creators.

Following the success of a similar showcase at Meta's Connect conference, where 25% of attendees made purchases, this retail experiment will extend to Phoenix in January 2025. 

The initiative serves as a strategic foundation for Meta's future retail approach, particularly in preparation for their AR-enabled glasses planned for 2027. 

The Los Angeles location remains open through December 31st, marking Meta's ambitious step into experiential retail.

2. X Plans Free Version of Grok AI Chatbot to Boost User Adoption

In a strategic pivot, X is developing a freemium version of its Grok AI chatbot, moving beyond its current exclusive availability to X Premium's 1.3 million subscribers (representing just 0.26% of the platform's user base). This expansion aims to gather more comprehensive user data and potentially drive premium subscriptions.

The move comes as xAI, X's artificial intelligence division founded by Elon Musk, seeks to strengthen its market position after securing $6 billion in funding. The company has invested in significant infrastructure, including the "Colossus" AI supercomputer cluster, to support this initiative. 

However, the expansion faces potential scrutiny due to international investments and possible conflicts with Musk's anticipated role in the Trump administration.

This broader access strategy could prove crucial for both X's business recovery and xAI's competitive stance against other AI companies, though the extent of user interest in AI-generated content remains to be tested through this wider release.

3. Pinterest Hits All-Time User High in Q3 2024, Shows Strong Revenue Growth

In its third quarter report for 2024, Pinterest demonstrated significant growth with 15 million new users, reaching a record 537 million monthly active users. The platform generated $898 million in revenue, marking an 18% year-over-year increase. 

While experiencing robust global growth, Pinterest faces challenges in user expansion within its key revenue markets - the US and EU. The platform continues to invest heavily in AI development, including enhanced shopping features like Body Type Filters, though this has led to a 25% increase in research and development costs. Heading into the holiday season, these improvements position Pinterest favorably for continued growth.

4. Instagram Expands Post Boost Eligibility, Simplifying Promotional Options

Instagram has increased its promotional capabilities by expanding the types of posts eligible for boosting, now including content with GIFs and stickers that were previously restricted. 

This update streamlines the advertising process for businesses looking to amplify their successful organic content. 

While Professional Account holders can take advantage of these new options, some limitations remain, particularly regarding copyrighted music, though users can now opt for boost-eligible alternatives. 

The platform maintains certain restrictions, including ineligibility for users subscribed to Meta's ad-free service in Europe. This improvement aims to help businesses maximize their content's reach through simplified promotion methods.

5. TikTok Strengthens Music Discovery with New Spotify and Apple Music Integration

TikTok has launched a new "Share to TikTok" feature, enabling direct music sharing from Apple Music and Spotify. 

Users can now showcase their favorite tracks through customizable stickers and share them via direct messages, with links redirecting to the original streaming platforms. 

This integration capitalizes on TikTok's significant role in music discovery, where research shows users are highly engaged in finding and sharing new artists. 

The platform's influence on the music industry has grown substantially, with 75% of users discovering new artists through the app, making this integration a strategic move to enhance music engagement.

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Frequently asked questions

How to get social media news?

You can set up Google alerts for terms like, "Instagram news", "TikTok news" etc to get regular updates. You can also bookmark this blog and check it on every Friday to get latest chosen updates regarding social media news.

Where does Gen Z get their news?

GenZ mostly likes to consume the news through social media.

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