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Trends: Elon Musk Rebrands Twitter to 'X', New TikTok Ad Library, and More

For the Week of July 24th, 2023

Welcome to the Monday edition of Leveling Up!

Friday’s poll: How many marketing channels do you focus on?

🟩🟩🟩⬜⬜ 🤑 Over 3 (72%)
🟨🟨⬜⬜⬜ 🙂 Just 1 (28%)
⬜⬜⬜⬜⬜ 😎 2 or 3 (0%)

Here are your top 3 trends for the week:

🔥 Trend #1

Twitter Rebrands to ‘X’

In a move that has sent shockwaves through the tech world, Elon Musk announced over the weekend that he would be rebranding Twitter as X.

The move was met with mixed reactions, with some users expressing excitement about the potential for change, while others expressed concern about the loss of the iconic blue bird logo.

Musk has said that he believes the name X better reflects his vision for the company, which he sees as an "everything app" that can be used for a variety of purposes, including communication, commerce, and entertainment.

He has also said that he plans to make significant changes to the company's moderation policies, which he believes are too restrictive

It remains to be seen how the rebranding will impact Twitter, but it is clear that Musk is committed to making major changes to the company.

Only time will tell whether his vision for X will be successful.

🔥 Trend #2

TikTok Launches Ads Transparency Library

In recent years, there has been increasing public scrutiny of the way that data is used for advertising.

Users are concerned about the privacy implications of targeted advertising, and they want to have more control over the content they see.

That’s why TikTok has launched an ads transparency library, giving users more control over the content they see on the platform.

The library includes information about the advertiser, the ad creative, the targeting criteria, and the performance of the ad. Users can also opt out of seeing ads from specific advertisers.

You can try new marketing strategies (like TikTok advertising) on your own — and hope for results — or with an experienced team.

This is a positive step for TikTok, as it shows that the platform is committed to being transparent with its users about how ads are displayed.

It also reflects the growing emphasis on transparency in digital marketing.

That’s why you should take these steps with your ads:

  • Be clear about your targeting criteria. When you're creating an ad campaign, be sure to specify who you're targeting. This will help users understand why they're seeing your ad, and it will also help you to reach your target audience more effectively.

  • Use clear and concise ad creative. Your ad creative should be clear and concise so that users can understand what you're advertising. This will help to build trust with users, and it will also make your ad more likely to be clicked on.

  • Give users the option to opt out of your ads. This is a simple way to show users that you respect their privacy. You can also use this option to collect feedback from users about your ads.

By following these tips, you can build trust with users and create more effective advertising campaigns.

🔥 Trend #3

Google’s Updated Misrepresentation Policy

Google has recently updated its Misrepresentation Policy to provide key information on how to build trust with users.

The policy aims to combat misleading and false information by ensuring that websites and advertisers provide accurate and reliable content.

The updated policy includes a number of new requirements, including:

  • Business identity: Websites must clearly identify their business name and domain name and ensure that there is consistency across these elements.

  • Transparency: Websites must provide clear and accurate information about their products and services, including pricing, shipping, and returns policies.

  • Online reputation: Websites must display honest reviews and testimonials about their products and services to help customers understand how others have experienced them.

  • Professional design: Websites must be designed in a professional and reputable manner, with clear and concise information.

The updated policy also includes a number of new restrictions, including:

  • Claims about reviews: Websites may not claim that their products or services have been reviewed by a certain number of people or that they have a certain rating unless they can provide evidence to support these claims.

  • Claims about pricing: Websites may not claim that their products or services are the cheapest or best value unless they can provide evidence to support these claims.

  • Claims about availability: Websites may not claim that their products or services are in stock or available for immediate shipment unless they can guarantee that this is the case.

Google is committed to providing users with accurate and reliable information, and the updated Misrepresentation Policy is a step towards that goal.

By following the requirements of the policy, websites, and advertisers can help to build trust with users and ensure that they are providing them with the information they need to make informed decisions.

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To your growth!
The Leveling Up Team

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