Social Media Update Q3 2022

TikTok Copies BeReal, Instagram Shifts Commerce Strategy, YouTube Courts Creators

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About This Report
In this report, we look at the most important updates for social platforms in Q3 and how those changes will affect marketers. For the first time, we’re including updates for YouTube as well.
Table of Contents

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

  1. How do TikTok’s, Instagram’s, and Snapchat’s BeReal clones stack up?
  2. How are the mounting Elon Musk problems affecting Twitter’s business?
  3. 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.

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.

Here’s what’s in the full report

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Table of Contents

  1. Executive Summary
  2. Meta: The Company Cuts Budgets Amid First-Ever Revenue Decline
  3. Facebook: In With Multiple Identities and Out With Live Shopping
  4. Instagram: The Company Pivots Its Social Commerce Strategy and Doubles Down on Video
  1. Snapchat: The App Chases Engagement With Snapchat+ and BeReal-Like Features
  2. TikTok: The Most Copied App Becomes the Copycat
  3. Twitter: Musk Drama Takes a Toll on Its Ad Business
  4. YouTube: The App Courts Creators to Grow Shorts and Shopping
  1. Read Next
  2. Sources
  3. Media Gallery

Read This With Insider Intelligence

authors

Jasmine Enberg, Jeremy Goldman, Zak Stambor

Contributors

Daniel Konstantinovic
Analyst
Rachel Wolff
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