> “In order to beat YouTube, Facebook faked incredible viewership numbers, so [CollegeHumor] pivoted to FB,” former CollegeHumor writer Adam Conover presciently tweeted last October. “So did Funny or Die, many others. The result: A once-thriving online comedy industry was decimated."
College humour was basically forced to put their entire video just to retain views.
This, obviously, didn't pan out according to what was advertised. The way I understand it, management trusted FB more than they should've, overhauling the way they approached content, which resulted in all the eggs being in one dropped basket.
But with native video, you don't get that. What happens on Facebook stays on Facebook. People who watch a video on Facebook might like the video or even leave a comment, but they won't follow through and go to CollegeHumor's website. When they're done with the video, they'll just continue scrolling through their feed.
Seems to be a common pattern unintentionally trading your long tail for initial spike traffic. I’d be surprised if this is ever sustainable.
Buying Facebook likes looked like a wildly better investment, but that was an illusion.
"About Page likes ads": https://www.facebook.com/business/help/209213872548401
> Page likes ads help you reach people who may like your Page. If your goal is to increase awareness of your business, these ads are a way to promote your Page to people who are interested in your content or businesses like yours.
"Advertising your channel": https://creatoracademy.youtube.com/page/lesson/ad-promotion
> To help drive more views and subscribers to your channel, you can pay to run an ad campaign for your videos on YouTube through Google Ads. You can create an ad that appears before a video starts, or alongside a video on its watch page on YouTube.
Both ban purchasing fake followers, but they'll happily take money to put your page/channel in front of potential genuine subscribers.
"We can buy Facebook likes, or YouTube subscribers."
"Engagement's so much better on Facebook, let's buy likes."
Facebook's incorrect (dramatically so - as high as 900% inflated) stats made buying a like look way more cost effective, so that's where the budgets went.
Whether some business unit inside Facebook did this intentionally or not, it's a big reason why I think media companies have turned against Facebook as they feel like they got ratfucked.
I'm speaking out of my butt here, I'm not a lawyer.
https://www.hollywoodreporter.com/thr-esq/facebook-pay-40-mi...
This is kind of depressing; I suspect that $40 million is barely a blip in Facebook's advertising budget, so the sad part is that this probably had almost-literally no effect on them.
I guess it's not a new thing for corporations to own the world, but it's always sad when I'm reminded of it.
In Q3 2019, Facebook had nearly $18B in revenue. Therefore, $40M is about 5 hours of their revenue.
But I guess its costs were too high such that if it just distributed it all via YouTube it couldn't make any money?