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Monday’s Marketing Minute: Elon’s Texts to Twitter, Instagram’s NFT Integration, Podcast Listening Dips in 2022

Happy Monday, y’all! Hope you are having a great fall as we are now in October!  This is my favorite month of the year!  I love the weather, I love the colors, the falling leaves, and Halloween!  The best time of the year, in my opinion!  Here’s 3 marketing/business/web3 stories I read over the last week that caught my eye:

 

The Twitter account @techemails is absolutely fascinating.  They release text messages that have been made public via the proper filings.  Recently, they shared some text messages that Elon had with both Twitter’s current CEO as well as one an exchange with one of its co-founders, Jack Dorsey.  Dorsey’s comments about regretting that Twitter became a company were very telling. Dorsey said that Twitter should have stayed a protocol. One of the issues that has dogged Twitter throughout its history is its rocky relationship with developers. Often, Twitter would encourage developers to build apps and functionality on top of its platform, then either cut off API access with no warning, or buy an app, then cut off API access to any apps with competing functionality.  For instance, years ago Twitter bought livestreaming app Periscope, integrated it into the platform, then cut off competitor Meerkat (which was arguably more popular at the time) from having API access.  Twitter bought Tweetdeck, cutting off competitors like Twirl, and bought Summize, hurting competitors as well.

Elon seemed very intrigued by Dorsey’s vision of having Twitter as a protocol and wants to pursue moving the platform more toward decentralization. In my opinion that could only happen if Twitter went private. Even then, it would be messy.

 

Meta recently announced that it will allow Instagram and Facebook users to integrate their existing NFTs with the platform.  Why is this important? My guess is Meta would like to eventually develop an NFT marketplace.  Adding a shopping functionality to the sharing of NFTs would give creators another revenue stream, but it would also do the same for Meta, as it would likely want a cut of sales.

 

Podcasting listening is projected by Edison Research to dip slightly in 2022.  This is a bit surprising, but as Edison points out in its findings, the dip for 2022 still puts listening levels at marginally higher than 2020 levels.

 

So that’s it for this week’s edition of Monday’s Marketing Minute.  Apologies for the late arrival of this post, seems there were some issues with my hosting service.  Will have a pretty interesting post up on Weds (again assuming no more site issues), so try to check it out in 2 days.

Hope you have a wonderful week, you deserve it!

About Mack Collier

My name is Mack Collier and I am a digital marketing and content strategist located in Alabama. Since 2006 I've helped companies of all sizes from startups to global brands such as Adobe, Dell and Ingersoll-Rand, create customer-centric programs, content and experiences. A long-time internet geek, I've been online since 1988 and began using social networking sites in 1991 when I joined Prodigy. Today, I help companies understand the ever growing and evolving web3 space, including crypto, NFTs, DAOs and the Metaverse.