How Paid Social Media Thrived in COVID-19

Why brand managers turned to social media during the lockdowns

Jun 12, 2020
Marketing

SMITH BRAIN TRUST  When staying home was the only option during the coronavirus pandemic, people turned to the internet to get their fix of entertainment and interaction. For brands, this became their chance to join the conversation.

Between Facebook’s 9% increase in daily users, and Twitter and Snapchat gaining 11% and 20% respectively over the last quarter, it’s clear that social media platforms were experiencing a boom, Maryland Smith’s P.K. Kannan said in PR Daily.

"However, the same coronavirus related causes which have led to these increases are responsible for tepid revenues for ads on the platforms. While these platforms have not experienced a meltdown in advertising spending in the last quarter, the coming quarter is going to be difficult with revenues from ads decreasing significantly as firms tighten their marketing budget,” said Kannan, the Dean’s Chair in Marketing Science at the University of Maryland’s Robert H. Smith School of Business.

Read more: See how Kannan says brands should start crafting their social media strategies by going to PR Daily’s article, “Paid social media dominant during COVID-19.”

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About the Expert(s)

P. K. Kannan

P. K. Kannan is the Dean's Chair in Marketing Science at the Robert H. Smith School of Business at the University of Maryland. His main research focus is on marketing modeling, applying statistical and econometric methods to marketing data. His current research stream focuses on attribution modeling, media mix modeling, new product/service development and customer relationship management (CRM).

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