Category Archives: Social Media in Business

Facebook’s Drone Endeavor Falters

Facebook is a company that took a simple concept — social media — and turned the form of online communications into a global phenomenon. Facebook achieved its tremendous levels of success by constantly innovating and coming up with new innovations. Recent decisions to explore the presentation of original programming via online streaming content show the company’s talent base is always hard at work. Not all the work yields success though. Facebook’s attempts at developing an “internet drone” have proven, well, disastrous.

 

Facebook attempted to make history with the Aquila drone, a massive drone powered by solar energy. The drone truly was massive as it was the size of a plane. The grand visions of those hoping to make history with the drone entered a rather undesirable history book. The Aquila drone is listed among many great corporate research and development failures. The drone famously crashed during a ballyhooed test run. Confidence in the drone was shattered. This is to say nothing of the bad publicity that followed.

 

Facebook’s drone was intended to be highly inspiring. The solar energy powered drone truly embodied “the future is now” sentiment so many find emotionally uplifting. Unfortunately, as far as this drone is concerned, the future is still a long ways away.

 

No guarantees exist when developing something completely new and radical. A lot of trial and error is involved. Failures, costly ones, do occur. The Aquila drone may still fly once again. The date in which this occurs has to wait.

 

A huge drawback to the flop of the Aquila for Facebook is the company loses the publicity and added branding benefits another successful venture yields. Facebook was denied its glory with the drone project. The company is going to move on and come up with new plans. Hits and misses are both expected.

 

Facebook Attempts to Deal With Algorithmic Censorship and Fake News

In 2016, one of the most iconic works of photojournalism in history was inexplicably censored by Facebook. The reaction by news media outlets to this act of censorship was swift; however, the blame placed on an algorithm gone wild was not fully accurate.

 

The photo in question was taken at the height of the Vietnam War in 1972. The harrowing image depicts a group of frightened children, including a naked 9-year old girl, fleeing a napalm attack while United States soldiers follow in the background.

 

Facebook would later apologize for the incident, but the discussion on algorithmic censorship had gone viral by that time. The Vietnam photo incident brought up interesting discussion about Facebook’s role as a massive media channel and its rule by algorithms. It is easy to blame software routines, but it is also easy to forget that human input and executive decisions are coded into the Facebook algorithm.

 

In addition to the above, there’s another issue that Facebook has been left to deal with: the fake news stories that some analysts believe are part of a shadowy network of propagandists. These bogus stories are also believed to have played a part in the surprise 2016 election of Donald Trump as President of the United States.

 

On January 12, 2017, a Syrian migrant targeted by fake news decided to fight back by filing a lawsuit against Facebook. In 2016, when German Prime Minister Angela Merkel visited a migrant shelter in Berlin, Anas Modamani was inspired to take a selfie. That digital image would later be used by fake news authors to smear Modamani and to make him appear to be connected to terrorist attacks in Brussels.

 

Fake news stories have also linked Modamani to other attacks inspired by hate and terror. Since the stories were widely distributed across Facebook, Modamani has chosen to file a defamation lawsuit against the social media network. Facebook plans to vigorously fight this claim.

Is Facebook Ad Traffic Really Useless?

Reports about Facebook and Google advertising traffic do not exactly pain a nice picture. Claims indicate roughly 90% of the traffic associated with the ads are “useless“. Facebook and Google are doubtfully thrilled with such a report. The report is discouraging. No, business won’t outright collapse just because a news report about the uselessness of the ads is published. Some viewers of the ads will be turned off though. Articles of this nature may go viral. In time, articles like these can collective impact a significant number of perceptions. Poor perception on ads could have an undesirable effect. Even a slight decrease in revenue is something giants like Facebook and Google hope to avoid.

 

The notion of “90% useless traffic” is a bit misunderstood. Facebook ads are designed to run throughout the platform of the social media network and draw the eyes of members interested in what appears on the ad. Ads of this nature are rely on conversion rates. Conversions refer to serious parties that actually click on the ads. After clicking on the ads, they do what the advertisers wants. Buying a product is one thing. Joining a Facebook group is another. Advertisers all have different goals.

 

10% of valuable traffic is a fairly good conversion rate. Expecting half of the advertising traffic to do what the advertiser wants would be unrealistic. Would half the people watching every Super Bowl advertisement make a purchase?

 

Advertisements cast a proverbial wide net. Not everyone caught in the net responds. The goal is to procure the highest and more feasible volume of serious click-throughs. Those buying ads on Facebook or Google must maintain realistic expectations. Without a proper outlook on what to expect with the ads, disappointment is unavoidable. From this perspective, 10% of valuable traffic is not so bad.

 

Social Media Succeeds in Providing a Better Advertising Option to the Small-Scale Entrepreneurs

There has been uproar on the use of social media among the young millennial and the businesspersons. Most of the youths use social media for entertainment while entrepreneurs use it to promote their businesses. The small-scale entrepreneurs who may not have enough capital for advertising and marketing turn to social media as an alternative. Most of them attest to great success in their business by using different platforms such as Facebook, Twitter, Instagram, Youtube, Google +, and Pinterest, among others.

 

 

Use of social media in business

 

 

Internet Retailer’s Social Media 500 gave a report showing that the top 500 social media retailers earned $3.3 million in 2014. In addition to that, the social media driven retails and the traffic sales have registered higher sales compared to other online channels. Entrepreneurs using social media in their business may customize their ads to contain the “buy” button on the posts. The other way of generating money using the social media includes directing traffic to their websites and applications through advertising. Approximately 64% of the small business owners rely on social media for their business advice.

 

 

Social Media and Marketing

 

 

Small business owners with no experience and capital in business turn to social media for advertising. The variation in the use of the social media depends on one’s budget, the target audience, and the company’s goal. Instagram is ideal for posting the high-quality photos while Twitter works well with multiple posts daily. Artistic and women products perform best on Pinterest while Linked In targets very formal clients or businesses. An entrepreneur intending to spend some capital on paid ads would consider using Facebook.

 

 

YouTube Pays $1billion to the music industry

 

 

According to a December post on Business Insider, YouTube has paid the music industry more than $1 billion in the past one financial year. The income paid out covers the advertising alone without the inclusion of revenue generated from subscriptions. YouTube intends to increase the number of subscriptions as a way of helping the digital companies increase their average revenue per year. The digital media use the subscriptions to provide an ad-free premium experience to the users and increase their income every year.