Nuelink’s Post

Hey there! Welcome back to your weekly social media news roundup. Here’s what’s buzzing in the world of social media: 🆓 X's Free Trial for Premium Features: X, formerly known as Twitter, is testing a free trial for its X Premium service. This allows potential subscribers to try out features like the Grok AI chatbot before committing to a subscription. While some see this as a smart move to attract more users, others argue it undermines the purpose of a paid subscription. 📉 Stagnant User Growth on X: X has seen minimal user growth since Elon Musk acquired the company. A report from the Financial Times shows X has around 251 million daily active users as of Q2 2024, a mere 1.6% increase from the previous year. This is a stark contrast to the double-digit growth Twitter enjoyed before Musk's takeover. ⚖️ EU Warns X Over Verification System: The European Union has flagged X's blue checkmark verification system as deceptive, violating the Digital Services Act (DSA). The EU's investigation also found X lacking in advertising transparency and public data sharing with researchers. 📱 Instagram's Focus on Short Form Video: Instagram will not prioritize longform video content, as it could undermine the platform's core mission of connecting people with friends. Adam Mosseri, Instagram's chief, emphasized that short form videos are more effective in interactions and sharing among users. 📉 TikTok Advertisers Considering Alternatives: With the U.S. TikTok sell-off bill looming, set to potentially ban the app by January next year, advertisers are already exploring other options. Recent insights show a decline in TikTok ad spend in April and May, with major advertisers significantly reducing their focus on the platform. Follow for more updates on the ever-evolving world of social media!

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