This Month in Social Media: February 2020

From algorithms to privacy – and everything in between – the social media landscape is continuously changing. And keeping up with the latest can be tough. To help ease the burden, we’ve created a monthly recap of the most significant social media updates.

Here are the top 4 stories This Month in Social Media: February 2020.

  1. Vine successor Byte is most popular app in its first weekByte, the new short-form video app created by the co-founder of Vine, was the number one app in the U.S. during its first week with more than 1.3 million downloads.
  2. IGTV Monetization is Coming IGTV hasn’t gained a ton of traction since it’s launch in 2018. However, in February 2020, Instagram appears to be close to rolling out a new monetization program for IGTV creators, which will allow influencers to monetize their content by running short ads on their IGTV videos.
  3. LinkedIn Has Confirmed That LinkedIn Stories Are Coming SoonMirroring the success of stories on Snapchat, Facebook, and Instagram, LinkedIn’s Senior Director of Product Management has confirmed this month that they’re working on their own version of Stories, which will roll out to all users soon. “I’m excited to see how Stories will bring creativity and authenticity to the ways that members share more of their work life, so that they can build and nurture the relationships necessary to become more productive and successful.”
  4. Facebook Quietly Releases Pinterest-Like App In February 2020, Facebook quietly released Hobbi, a Pinterest-like app for curating and sharing photos of projects and activities like cooking and home improvement projects. According to its description in the app store, “Hobbi wants to help you document and remember the things you love to do.” Pinterest shares slid more than 4% after the news broke.

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