TechEntertainment

Instagram Leads as Favorite Platform for Social Media Users Beating Facebook and TikTok

Although Facebook and TikTok convincingly lead in the number of users, Instagram, the third-largest platform in the social media space, is the favorite among social media users. According to data presented by OnlyAccounts.io, almost 16% of social media users named Instagram as their number-one social media platform, 2% more than Facebook, and double the share […]

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News

US TikTok Advertising Audience Hits 23% in Six Months

Six years after its launch, TikTok continues ruling the social media space. The popular video-sharing app is on track to hit a new record number of downloads, while its global user base swelled to a whopping 1.9 billion. With millions of people joining TikTok space each year, it`s no wonder marketers are willing to dig […]

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BrandTech

Facebook Most Popular Social Media Platform for Buying Products Tops Others with 53% Market Share

Over the past years, social media platforms have become one of the top choices for brands and companies to sell their products and services. Today, 75% of Gen Zers and almost half of Millennials make purchasing decisions influenced by social media ads, while nearly one-third of all social media users head to social platforms to […]

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Social Media

Meta Flush-out of Redundant Staff Slashes Workforce by 24%

Facebook parent company Meta has seen a 24% decline in its headcount after announcing job cuts earlier this year. This emerged when the social media company announced its financial results for the third quarter of 2023. In March, Meta announced a second round of job cuts, reducing its workforce by 10 000 employees. This, after in November, […]

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News

X Obeys EU’s 24hr Ultimatum to Delete Hamas-Affiliated Accounts

Social media platform X, formerly Twitter, has taken action to remove accounts belonging to Palestinian Islamic group Hamas after its attack on Israel on Saturday morning. This, after Thierry Breton, European Commissioner for the internal market, had given Elon Musk, who owns X, 24 hours to tackle disinformation regarding the conflict. On Saturday, Hamas made […]

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Business

Global TikTok Downloads Hit 2.7 Million Daily

TikTok continues to enthrall the social media landscape, cementing its position among innovative platforms in the field. This strong foundation has enabled the short video-sharing app to register resurgent downloads, aiming to exceed the levels seen during the pandemic. As per data acquired and calculated by Finbold, TikTok’s global quarterly downloads for Q2 2023 reached […]

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Social Media

Photo and Video Apps Surge in Five Years Hitting $12bn

As a key part of the social media experience, photo and video sharing has evolved over the past years. Today, photo and video apps have more users than ever, thanks to hundreds of millions of people willing to spend money on brushing up their digital presence and creating nice pictures. According to data presented by […]

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Business

Facebook Tops Social Media Advertising by 90% Instagram & TikTok Fall Behind with Brands Spent of $189.5bn

Although the social media landscape is constantly changing and evolving, with new players fighting for attention from audiences and marketers, no platform stands close to Facebook when it comes to social media advertising. The social media giant, which has an active user base of close to 2.9 billion, remains the most important platform among marketers […]

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Business

Brands Spent Whopping $90B on Influencer Ads in Five Years

Over the past years, influencers have become one of the top choices for social media marketers, providing brands an opportunity to reach millions of potential users practically overnight. The rising popularity of influencers has boosted the total spending in this market to record highs. According to data presented by OnlyAccounts.io, brands have spent a whopping […]

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News

NCC Warns on Fraudulent LinkedIn Account Impersonating Prof Umar Danbatta

The Nigerian Communications Commission (NCC) has warned the public about a fraudulent LinkedIn Account impersonating the person, and office of the Executive Vice Chairman (EVC), Prof. Umar Garba Danbatta. The account was obviously created by some unscrupulous and criminal elements with a view to defrauding unsuspecting members of the public and users of social media […]

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