The social media marketing week in review: A round up of news and announcements you may have missed.
Facebook buys Kustomer – customer platform service
Facebook buys Kustomer, a five year-old startup that specializes in customer relationship management and has a platform that unifies customer conversations across channels, including messaging, into one view. The deal is valued at roughly $1 billion, the Wall Street Journal, which broke the news, reported.
“Our goal with Kustomer is simple: to give businesses access to best-in-class tools that deliver excellent service and support.” wrote Dan Levy, VP of Ads and Business Products, and Matt Idema, COO, WhatsApp in a post Monday.
Facebook buys Kustomer: Why we care. Messaging has continued to grow as a significant customer service channel. The acquisition will help bolster Facebook’s business operations and social commerce offerings through its messaging services. Kustomer already integrates with Facebook Messenger and is working on an integration with Instagram messaging. Facebook said it plans to help Kustomer scale but also signaled to the antitrust watchers that it will “continue to support the numerous options that businesses have to integrate their CRM platform of choice with our messaging services.”
Media buyers continue to struggle with Facebook reporting glitches
Many media buyers and advertisers are continuing to experience problems with Facebook Ads reporting. Ad approvals have been a challenge since COVID due to ad review being done nearly entirely via automation, but the glitchy reporting problems could cause advertisers to pause ads that are actually performing well and vice versa, as media buyer David Herrmann noted on Twitter yesterday.
Why we care. Reporting glitches are nothing new for Facebook Ads. as we reported last month, but the persistence of the problems through Black Friday, Cyber Monday and beyond are particularly problematic for advertisers. That said, will these challenges actually make a dent in Facebook’s business. Its scale and targeting capabilities keep advertisers coming back in spite of the ad platform’s bugs and unpredictability, and it’s ad business has benefited from the shift to digital during the pandemic.
Twitter enables frequency capping for all campaign types
Advertisers can now control the number of times ads are shown to users with campaign frequency caps. The feature is available in ad group details for Reach, Engagement, Video Views, and Pre-Roll Views objectives by default.
Why we care. Frequency capping will allow advertisers to tailor their ad exposures based on their campaign goals. Twitter says its testing shows better performance for driving upper-funnel metrics like ad recall and brand awareness when weekly exposures are relatively light — impact tapers after the first two impressions per week — and higher frequency as users move down the funnel.
Reddit claims audience size of 52 million daily users
Reddit has shared its daily users for the first time, claiming an averaged 52 million daily active users in October, an increase of 44% year-over-year. The social networks’ Chief Operating Officer Jen Wong, told the Wall Street Journal, “We’re focused on daily usership and increasing this number as we continue to grow our community and scale our advertising business” Wong also said Reddit’s ad revenue topped $100 million in 2019 and is expected to increase by 70% in 2020.
Why we care. In comparison to the other major social media networks, Reddit remains minor. Twitter claims 187 million daily users, for example. We’ve talked about Reddit for years as seeming to be just on the cusp of scaling its ad business. That time may finally be here. Wong told the WSJ it is looking to expand its business internationally and build its sales team. If you’re looking for new channels or ways to diversify, it might be time to look at Reddit for 2021.
Opinions expressed in this article are those of the guest author and not necessarily Search Engine Land. Staff authors are listed here.
Ginny Marvin was Third Door Media’s former Editor-in-Chief (October 2018 to December 2020), running the day to day editorial operations across all publications and overseeing paid media coverage. Ginny Marvin writes about paid digital advertising and analytics news and trends for Search Engine Land, Marketing Land and MarTech Today. With more than 15 years of marketing experience, Ginny has held both in-house and agency management positions. She can be found on Twitter as @ginnymarvin.