Meta
- brands reporting ad costs increasing 2-3x in the final weeks of the election
- surging TV ad costs, especially in swing states
the organizing principle of digital advertising, which is the individual consumer. What Facebook — now Meta — is better at than anyone in the world is understanding consumers not as members of a cohort or demographic group but rather as individuals, and serving them ads that are uniquely interesting to them.
brands are created for cohorts or demographic groups, because they need to be manufactured at scale;
thus the opportunity for an entirely new wave of companies that were built around digital advertising and its deep personalization from the get-go.
from Ben Thompson
From the abstract of the paper Do Influencers Influence? A Meta-Analytic Comparison of Celebrities and Social Media Influencers Effects 📝
Findings reveal that social media influencers (SMIs) are more effective than brand-only advertising and that there is no significant difference between SMIs and celebrity endorsers. Taking these factors into consideration, the effects are moderated by perceived credibility and influencer types, indicating that mega-influencers are relatively more persuasive, while nano-influencers are less persuasive compared to celebrities, respectively. Findings imply that there is a “sweet spot” wherein SMIs are most effective and distinct from celebrity endorsers, providing support for more nuanced conceptualizations of SMIs and calling for future research to explore additional enhancing and attenuating factors.
2025: The Year of AR?
Sources told the Financial Times that Meta is planning to expand its partnership with Ray-Ban to make glasses with a little display on the inside, so users can gaze out at the world with a digital overlayThe sources said Meta wants to add a screen on the inside of the glasses that would be able to flash things like text messages, and that the product might be ready to hit the shelves as early as the second half of next year.
On-lens optics is the next big step.
From Platformer’s 2025 predictions:
Everyone copies Meta Ray-Bans. The other tech giants come around to the idea that glasses, not headsets, are what will turn mixed-reality applications into a mainstream success. By the end of the year, consumers will have multiple good Meta Ray-Ban alternatives to choose from.
Agreed.
Meta now sets 1-day engaged-view by default in a campaign’s attribution setting.
Jon Loomer also reports this attribution type has been updated to be click agnostic.
Just an FYI, I wouldn’t bother changing this unless you only want click attribution (which I’m not sure is the best route these days).
😎😎😎
Meta plans to add displays to its Ray-Ban smart glasses as soon as next year, as the US tech giant accelerates its plans to build lightweight headsets that can usurp the smartphone as consumers’ main computing device.
According to people familiar with the matter, the company has accelerated Orion’s development following the enthusiastic response of early testers.
The next form factor has been decided.
Ambient computing is coming.
via the Financial Times
from @Manton: I support the mad king
take any other potential feature and run it through the feedback of an oversight committee, the outcome is the same. Bloat.
Directionless products fail. They lose their soul.
Committees replace the initial energy that drive a company.
Look at Meta compared to the other big tech companies. Regardless of your feelings towards Zuck, you can’t deny the different vibe compared to a company like Apple.
Extend it to other Magnificent 7 members NVIDIA and Tesla (I know, I know) and the trend is clear.
Meta is forecast to continue its shift to being an Instagram company in the near term:
Instagram Expected to Generate 50% of Meta’s US Ad Sales in 2025
And, of course, The Gram is a video platform now.
How to Make a Video According to TikTok (Shop)
First Meta, then LinkedIn, now video making tips from TikTok (Shop).
You Gotta Have a Hook
You have to pique curiosity within the first 3 seconds. The first line must grab attention.
Bennies, Baby
Once attention is grabbed, move into the benefits / variations of your product.
Heed the Call
End with a call to action and make it easy to take the relevant action (aka don’t just dump them on your homepage).
create short videos that capture attention, clearly deliver a brand or product message, and convert.
To recap:
1. Capture attention in the opening seconds
2. Validate the product
3. Give a clear next step (CTA)
Everyone’s coming for Meta 😎
Solos challenges Meta’s Ray-Bans with $299 ChatGPT smart glasses
That allows the AirGo Vision to do things like translate text into different languages, provide directions to nearby locations or landmarks, and give the wearer more information about what they’re looking at.
A swappable frame system means that you can wear the glasses with or without the camera
To paraphrase Ian Fleming: Once is chance. Twice is coincidence. Three times is a trend.
A good economic rebuttal to some of the requested punishments in the Google anti-trust case.
Defaults matter, but switching also isn’t hard.
Also, it’s a bit late, isn’t it?
the antitrust case is happening when Google is losing advertising share and is under pressure from a new search technology, Artificial Intelligence. AI search from OpenAI, Anthropic, Meta Llama, and xAI is very well funded and making rapid progress.
The game of “take control, give control” continues, this time with Meta giving advertisers another lever to control their ad delivery
Frequency controls help you control how often your ad is shown to a person. When creating your campaign, you’ll have two options to choose from for your frequency controls. These controls are target frequency and frequency cap.
Now you can better control frequency of awareness and engagement campaigns, at least for Reach and ThruPlay goals.
Samsung and Google are working on smart glasses to rival Meta’s Ray Bans to be released late next year.
Gemini would handle AI tasks alongside support for “payment,” QR code recognition, “gesture recognition,” and “human recognition functions.”
I think we’ve found the most probable next consumer computing platform.
AI needs a computer, but not necessarily a screen.
The era of ambient computing is upon us.
The study found that companies that relied heavily on social ads weren’t getting their full money’s worth.This is because so-called “light social users,” who don’t use their social apps as much compared to other apps on their phone, make up a large proportion of consumers.
The days of scaling a DTC e-commerce brand on Meta ads alone are long gone.
Think outside the feed.
Meta is all about Reels, but video is the hardest asset type to produce (I’d accept the argument for audio, but it’s not relevant for Meta). So this note is welcome news for many:
carousels with music are now also eligible to appear in the Reels tab
More from the head of IG:
Why [do] carousels often get more reach than photos? Two main reasons. One, multiple pieces of media are going to mean more interactions with your carousel posts, and more interactions is going to mean more reach on average. And two, if someone sees your carousel post but they don’t swipe, we’ll often give that carousel a second chance and automatically move to that second piece of media for the viewer.
Just remember the secret quality score, this won’t be a silver bullet.
Turns out Meta has a hidden quality score for ads.
According to my Meta rep (who can’t see the actual score), the algorithm analyzes over 500 aspects of each creative to determine how performant it is / will be and that drives placement opportunity.
Right now, Meta wants Reels.
Bloomberg: Baidu Readies AI Smart Glasses to Rival Meta’s Ray-Bans
Meta’s are becoming computers (thanks AI!). And the true vision is in prototype.
Apple is joining in.
The VR players are pivoting. AR glasses are the path. Ambient computing.
Think Snap wants some credit? And maybe some commission?
Now you can ignore everything I put in the big election spending post from yesterday.
We will pause ads relating to US elections from serving in the US after the last polls close on election day, November 5th, 2024. This will include US Election Ads as well as ads that refer to US elections, their processes or outcomes.
The restriction period for ads about social issues, elections or politics is being extended until later this week.
Pressure released.
Apple Inc. is exploring a push into smart glasses with an internal study of products currently on the market, setting the stage for the company to follow Meta Platforms Inc. into an increasingly popular category.
I’ve long felt that glasses make the most sense as the next popular computing form factor. Augmented by headphones.
Both form factors are well established by now. They don’t require new behavior like VR.
Computational dispersal Ambient computing
Election Campaign Spending Crowds Out Your Messaging
I’ve been harping about election campaign spending and its impact on marketing expectations this year for a bit now. So here’s an Election Day post running through it all again. Go vote!
2024 is projected to be a record-breaking year, surpassing $12 billion in political ad spend.
Seventy percent of that windfall will be spent after Labor Day
The Harris campaign has instead focused its digital spending on larger platforms like Google and Meta, where it has spent over $280mn this year. The vast amount of political spending on those platforms — already more than $1.5bn
For context, in the second half of October, political parties spent well over $2.5 million per day on YouTube. For Meta, it’s closer to $1 million per day.
Why won’t I shut up about this?
Because this level of spend puts intense pressure on the ad auctions and inventories of the utilized platforms. These are mostly net-new dollars flowing in at a rapid clip. For most brands this means higher ad costs and lower return reducing the efficiency of their spend.
Emarketer curated some reporting that includes:
Of course, the impact on marketing budgets is just the beginning.
This messaging overload overwhelms consumers, raises anxiety levels, and increases ad fatigue (who else is sick of all the election messaging you get bombarded with?). Which can all lead to a “pre-election slump” in consumer spending. Of course, this theoretical slump is not universal—I bet alcohol sales and the like are doing just fine.
But the bigger the price tag, the bigger the impact.
In times of uncertainty, people sit on their cash. They purchase discount or off-brand. They hold off on large luxury purchases made in celebration or confidence.
Election Day itself is no exception, more the final culmination of the building gravitational pull. A black hole that will collapse into itself tomorrow (right? please?!).
the election is fraying the nerves of the electorate, with nearly 70% of US adults calling it a significant source of stressYour marketing and messaging is like a fire, it needs a steady source of fuel to keep burning—to act as a beacon to the people it's for. The election is a vacuum, it sucks all the oxygen (and attention) out, making it all but impossible for that fire to keep burning without any changes.According to a recent Ipsos poll of roughly 1,000 US adults, 47% said election stress is causing them to spend less and save moreMeanwhile, the scale of an Election Day productivity slowdown could be staggering. An analysis by Challenger, Gray & Christmas estimates that productivity losses could reach $3.5 billion per hour