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About
Social Media Update Q3 2022
TikTok Copies BeReal, Instagram Shifts Commerce Strategy, YouTube Courts Creators
Executive Summary
This is the latest installment in an ongoing series of updates for the major social media platforms; for the first time, we’re including updates for YouTube as well. The goal of each report is to provide a summary of key developments and their implications for marketers.
3 KEY QUESTIONS THIS REPORT WILL ANSWER
- How do TikTok’s, Instagram’s, and Snapchat’s BeReal clones stack up?
- How are the mounting Elon Musk problems affecting Twitter’s business?
- How is YouTube using creators to help grow Shorts and shopping?
WHAT’S IN THIS REPORT? Key developments for Facebook, Instagram, Snapchat, TikTok, Twitter, and YouTube during Q3 2022, and how brands and marketers can navigate those changes.
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KEY STAT: Instagram’s social commerce pivot (which includes removing the Shopping page) comes amid a slowdown in social buyer growth. We expect US social buyers to rise by 5.9% to 102.6 million in 2022.
authors
Jasmine Enberg, Jeremy Goldman, Zak Stambor
Contributors
- Daniel Konstantinovic
- Analyst
- Rachel Wolff
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