Privately-held TikTok generated $176.9 million in revenue in 2019, which is 71% of the total it has garnered since the app launch, and its $88.5 million in fourth-quarter earnings were six times higher than a year prior, according to Sensor Tower estimates. The app held the second spot for number of 2019 downloads on the Apple App Store and the Google Play store, and Sensor Tower attributes most of its earnings growth to ad sales and in-app purchases.
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Ann Smarty outlines three social media trends that will present opportunities brands in the new year, including a focus on the stories formats on Facebook, Instagram and WhatsApp. "Interruptive experiences" are losing their appeal and can be replaced with more personalized efforts thanks to advanced tools, and augmented reality "enables brands to create one-of-a-kind, immersive experiences, which facilitates even more connection and brand-building opportunities," she writes.
Ad buyers and brands are rattled by the fact that Chrome is eliminating cookies and they're "losing their foundational tracking mechanism," Alison Weissbrot writes. She contends Google's Privacy Sandbox solution is "still too theoretical" and suggests marketers start the changeover process by considering first-party data usage, rethinking targeting and optimization and considering new measurement techniques.
A group of developers of now-defunct apps filed a class-action lawsuit against Facebook, contending the social platform participated in anti-competitive practices and inappropriately revoked developer access to harm prospective competitors. Facebook argues the suit is baseless, while Yavar Bathaee, an attorney for the apps, says in a statement. "[Facebook used] its economic power to crush or acquire anyone that competed with them."
Panda Express has unveiled augmented reality filters, "Celebration of Good Fortune," on Instagram and Facebook to ring in the Lunar New Year. The five AR filters feature cultural traditions relating to the holiday, such as red envelope surprises, lion masks and seeing off evil spirits with firecrackers, and the brand is also running a sweepstakes with a grand prize trip to Universal Studios Hollywood in 2021 to celebrate the holiday.
Facebook has disbanded a team it had working on possible WhatsApp ad integrations, which also caused the messaging service's founders to resign nearly two years ago, according to The Wall Street Journal. Facebook has plans to develop Status ads and is working on revenue-generators, such as tools for businesses to connect with consumers.
Goodby Silverstein & Partners has released a teaser for Cheetos' first Super Bowl spot in 10 years, which stars MC Hammer snacking on Cheetos at a piano in 1989 before having a moment of inspiration when he realizes his fingers are covered in the snack's dust, or what the brand is calling Cheetle, and says, "Wait, I can't touch this." The teaser is running across the brand's social channels.
Research from SocialPubli finds that 76% of microinfluencers, those with less than 10,000 followers, prefer Instagram for brand collaborations and the top format for their work with brands is Stories. Their preferred method of compensation is monetary, favored by 61%, while 27% opt for free products, experiences or services.
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