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- Is TikTok undervalued? đ˘
Is TikTok undervalued? đ˘
The app wants brands to see its worth.
TOGETHER WITH
It's Thursday and TikTok has a new ally in its quest to become Gen Zâs search engine of choice: Wikipedia.
IS THE PRICE RIGHT?
TikTok says its platform leads to more conversions than brands realize
TikTok wants brands to change the way they measure campaign results. In a blog post uploaded just days after TikTok Shopâs U.S. launch, the platform argued that click-based attribution methodsâwhich track clicks from sponsored posts to landing pagesâdonât actually capture the full extent of its marketing power.
âClick-based measurement makes more sense in an environment where the user is actively searching for a product and is already one click away from a purchase. However, it severely under-attributes platforms like TikTok where users are immersed in a steady stream of content and engage with brands or discover products while being entertained.â
According to TikTok, the gap between actual conversions and those recorded by click-based measurements is pretty dramatic. The platform estimates that it only gets credit for 21% of the purchases it informs. The result: TikTok says that click-based measurements undervalue its conversions by 73%.
The appâs solution:
TikTok wants its ad partners to adopt hybrid measurement models, which combine click-based attribution with âview-throughâ trackingâa model that records the number of purchases made during a specific âattribution window.â That window can stretch from one day to a whole week, meaning brands will have to practice some patience when measuring conversions.
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HEADLINES IN BRIEF đ°
Hyundai and Kia have asked U.S. courts to reject lawsuits from 17 U.S. cities, where officials have blamed the automakers for a multi-year wave of car thefts. (Tubefilter)
âTechnology company Artlist has launched the 100K Fund, a grant program that will give one creator a six-digit award. (Tubefilter)
âEsports and entertainment organization FaZe Clan has reportedly fired its CEO of five years, Lee Trink. (The Verge)
âTikTokâs âCreativity Program Betaâ has officially arrived in Brazil, France, Germany, Japan, Korea and the U.K. (TechCrunch)
DATA ⢠STREAMERS ON THE RISE đ
This Call of Duty streamerâs career started with a happy accident
Repullze didnât actually intend to become a big-time streamer. In fact, the Call of Duty gamer says he âdidnât even start streaming for myselfââhe was just trying to help out an introverted friend who had a fear of going live.
According to Repullze, the viral success that followed âwas all an accident.â
The world was still in the midst of the COVID-19 pandemic when Repullze agreed to play a few rounds of Call of Duty with his friend (aka DiazBiffle) on Twitch. Those games were only meant to give Repullzeâs buddy the confidence to become a streamer in his own right.
Instead, Repullze says, âthings blew up.â
DiazBiffle did end up becoming a successful streamerâbut so did Repullze. For three years straight, the creator followed a hardcore schedule: he streamed every day from â8:00 PM to quite literally 4:00 AM,â and maintained an active presence on multiple platforms. That dedication (along with the occasional laser show and the launch of his Warzone-focused podcast, Pullze Check) helped Repullze to attract a loyal audience of 270,000 Twitch followers.
The creator now adheres to a slightly less intense schedule, but his online influence hasnât diminished one bit. In fact, Repullzeâs platform has given him the opportunity to âspread positivityâ within the gaming community, a responsibility that he takes seriously:
âCall of Duty is known as one of the most toxic communities in the gaming space in general. My goal is to try to be a light in that space.â
WATCH THIS đş
This is the kind of drama we all need in our lives
Meowdrama doesnât just make edits of popular movie clipsâthey improve upon cinematic masterpieces by adding in a character that should always have been there: Myron.
Thanks to his humanâs editing skills, the black-and-white cat has become a delightful addition to scenes from movies like Barbie, Harry Potter, and Titanic. Fans of the Netflix hit Wednesday will also be pleased to find that Myron is a perfect fit for the main characterâs gothic color scheme. In fact, itâs hard to think of a setting that wouldnât benefit from one of Myronâs signature cameosâwhich is why youâll probably want to check out Meowdramaâs channel sooner rather than later.
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Today's newsletter is from: Emily Burton, Sam Gutelle, and Josh Cohen. Drew Baldwin helped edit, too. It's a team effort.