Since I’m on a flight back to NH and I have time… here’s your recent marketing and social updates you NEED to know: 🖼️ Instagram users in the US can now create AI versions of themselves. 📈 Snapchat reaches 850M users, with 11 million premium subscribers in Q2 and an ad revenue increase. 📊 Google introduces new reporting and genAI tools to Performance Max. 💰 Meta’s ad revenue in Q2 increased to $39 billion, thanks to AI, with family daily active people at 3.27 billion in June 2024, up 7% year-over-year. 📉 Pinterest added only 4 million new monthly active users in Q2, a huge drop in platform user growth. 💼 Microsoft reports a 10% revenue increase for LinkedIn and strong user engagement growth in Q2. 🔍 Google Ads hit by a major reporting glitch, exposing competitor data. 🛡️ U.S. Senate passes landmark bills to protect kids online. 🤝 Pinterest and LinkedIn team up with publishers to sell ads. 📈 Amazon Ads services revenue grew 20% YoY in Q2, reaching $12.77 billion. 🎧 Disney and Spotify partner with Yahoo for audio ads. 📲 TikTok launches a new app center for businesses, providing easy access to marketing tools. 💸 TikTok is spending $20 million a month at OpenAI through Microsoft. 📈 Threads App reaches 200M monthly active users. 🔄 Instagram is getting rid of ‘Posts count’ from Profile Page. 🔍 Meta under investigation for running hundreds of ads for cocaine, opioids, and other drugs. 🤖 Celebs are out, Business AIs are in. Meta is developing AI bots to help businesses with transactional engagement. Lastly here’s two interesting statistics, I know Tanya Thompson will appreciate this! On the talk of influencer marketing: 🛍️ 70% of Aussie 18-to-29-year-olds have purchased a product after seeing it being used by an influencer. As well as 55% of Gen Z have made an online purchase while browsing social media. Sources in the comments 😁 ⬇ Follow me Kyle Cioffi for weekly updates!
I didn't realize Threads had that kind of reach!
Thank you for sharing! Appreciate you
Co-Founder & Marketing Director @ Aura Agency | Helping businesses tell their stories, grow their online presence, and achieve big results—all with less effort.
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