BIG TikTok and Google Changes – February SMM (Social Media Marketing) Trends
In the modern landscape, things are ever-changing and evolving. Trends come and go, affecting business and conversions positively and negatively depending on the industry. From Universal Music Group pulling all the music they own from TikTok to a new AI writing assistant right on your search engine, there are numerous things to know about as we continue into Q1 of 2024.
UMG Pulls Music from TikTok
Music plays a significant role for content creators and musicians on the TikTok app. TikTok and Universal did not come to a new agreement on music usage rights. UMG (Universal Music Group) has several labels under its umbrella and has huge names signed, including Taylor Swift, Drake, Adele, Bad Bunny, and Billie Eilish. All music was pulled from the TikTok application as of February 1st by UMG because of the failed negotiations. The original agreement was signed between the two in 2021.
Universal Music Group released a statement once these failed negotiations broke out in the news. UMG argued that TikTok does not safeguard from AI (Artificial Intelligence) or compensate artists for using their music on the app. TikTok responded to these claims by saying they are disappointed that Universal “walked away from a free promotional and discovery vehicle.”
Many breakout artists have succeeded by going viral on TikTok, and stagnant careers have found new life. However, this failed deal is a big blow for both sides, especially TikTok, as they have made music a significant cornerstone of the app. 75% of users find the latest music from clips on TikTok. We expect TikTok and Universal Music Group to reconvene to negotiate terms, as agreeing will benefit both businesses.
Google Chrome AI Assistant
The world’s top search engine has created a new AI feature explicitly developed for Google Chrome. How does it work? Users can enter text prompts to find better posts and make more specific queries. Access it on any webpage by clicking “Help Me Write.” Type a few words, and AI will start writing for you. This AI writing assistant is great for writing reviews, RSVPs, and formal inquiries.
Google has already introduced AI slowly by letting users customize the appearance/design of their personal Google Chrome experience. The platform has been more cautious about implementing AI than other search engines and applications. However, as the year goes on, we will see if they take any more steps in that direction.
Latest Social Media Findings
YouTube remains the top video platform for users. Furthermore, Pinterest currently has over 96 million users in North America alone. X has a small audience compared to YouTube, Pinterest, and TikTok. TikTok will continue to grow in popularity. 1/3 of adults use TikTok, an increase from just 21% in 2021. Furthermore, it has been reported that 40% of Gen-Z use TikTok and Instagram for searches instead of Google or other search engines.
In 2024, there will be a deeper integration of AI and personalized user experience, resulting in highly tailored content recommendations. 318% increase in how much organizations plan to use AI for customer support activities in 2024. In addition, visually engaging content is necessary in 2024. We will see a more significant importance put on hashtags on social media regarding post circulation.
Co-marketing will drive tremendous results. 48% of marketers publish product or brand updates multiple times a week. However, remember that 34% of consumers say “too much self-promotion” is a turn-on in how they perceive brands on social media. Make sure to keep a balance between branded promotions and posts to promote authentic engagement. As a result, we will see a shift to utilizing more nano-influencers, which have a following ranging between 1,000 to 10,000. Nano-influencers are known for terrific engagement rates and a keen sense of community with their followers.
Conclusion
Keep your finger on the pulse and implement the latest trends for increased efficiency and reach. Are you looking to grow your business? Do you need help with social media marketing? Commerce Pundit can help! Book a meeting time with us to chat.