Nearly every social media platform is going through radical changes right now. Instagram is shifting its focus from photography to video (Reels), Facebook has rebranded its parent company as Meta and launched a new podcast feature, Clubhouse is now open to everyone, and Pinterest has banned weight-loss ads and introduced a verified merchant program. And that’s just a few of the changes. Being on top of these changes can help you determine where your brand should be present and where to focus your social media efforts.
For the last 2 years, social media platforms focused more on engagement and interactiveness. While engagement will continue to be important, video has become more key and “influential” content is taking up more space. For example, you’re probably starting to see more suggested content than content from your friends and followers. This is intentional for social media platforms to stay relevant to their competition. Social media platforms want to keep you on the platform, thumbing through Reels, images, and stories at a rapid pace so you’ll stay longer, see more ads, and buy more products. It's influence-based eCommerce at work.
Social media is becoming less of a place for friends and more for selling, which can be good or bad based on how you feel about it.