
Latest news and a recent visit to the
MediaPro 2010 trade show in Olympia London prompted me to write this post.
The 2 biggest recent names in social media, Facebook and Twitter, seem to gather all of the marketing attention. And as marketers scramble to “do” Social media, understanding fundamental differences of these top players is increasingly important. So, in a knock-out, which one would pulverize the other senseless ? Let the battle commence ...
#1 - Biggest Growth : Facebook
If Twitter is the younger of the two, it is showing amazing growth patterns which means it went from nowhere to just under 100 million users in 2 years worldwide. Yet Facebook earlier this year crushed the amazing landmark of 500 million users making it the 3rd biggest “virtual” country of the world. So yes, Twitter’s aggressive growth is unparalleled but Facebook is now entering new reach heights which will be difficult to match.
#2 - Biggest Buzz : Facebook
If you had asked that question 18 months ago, the buzz word was definitely twitter as the public and marketers were getting passionate about the micro-blogging revolution. Remember how Ashton Kutcher ended up with 6,051,757 followers or UK’s very own Steven Fry with his 1,960,126 followers ... and counting ? Or how Twitter gatecrashed Obama’s and the Iranian election ? So we forgot about Facebook for a bit, if not for a few negative articles on privacy issues. Until we remembered how massive Facebook had become. Yeah, that excellent movie propelled Facebook unto the stuff of legend.
Read this post to learn more about the great film. And all of a sudden Facebook is back on the cover of all the media as it rolls out more services regularly such as geo-localisation and more recently its
“Gmail killer” email service.
#3 - Building Engagement: Facebook
Facebook would be the better platform for this. The emphasis is on a one-to-one communication where the community is built around social criteria. Recent stats have shown the online display growth was massively driven by the boom in Facebook advertising. Indeed, one in four online ads are on Facebook in the US according to ComScore.
#4 - Reaching the Influencers : Twitter
As pointed out by
Peter Fenton, investor and board member of Twitter, this network works on a interest centric network. Indeed, the one-to-many communication model is best to identify and target influencers. As most marketing studies consistently point out, peers and friends are amongst top influences in purchase decision. Hence why reaching the influencers should be such an important of most social media plans. And knowing that less than 10% of users make over 90% of the content, reaching the influencers correctly is essential. But that is another topic all together.
And the winner is ... Facebook
If both will benefit hugely from mobile expansion to come, Face book consistently seems to have the upper hand as it is able reinvent itself, offer new services and look at creating a proper advertising proposition. But we shouldn’t underestimate that Twitter offers a more qualitive approach to influencers which is a key target for Marketers.
And to celebrate Facebook victory, have a look at this great retro film about using the social network. An instant classic ! Yes, history may not be kind to social networking.
You will also see that this post includes some great vintage art work created by
Moma Propaganda, a Brazilian Ad agency.