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Inside the Creator Economy with Cassie Roma and Jim Louderback

Inside the Creator Economy with Cassie Roma and Jim Louderback

By James Louderback
Each week Jim Louderback and Cassie Roma unwrap the biggest stories in community-first media and web3. Learn about what's new in the community-first media world with a focus on top news stories, trends, tips and tricks that will help you build success on TikTok, YouTube, Snapchat, Facebook, Instagram and beyond.
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Episode 16 - The Facebook Files, NFTs for sponsorships, The Kids Are Not Alright

Inside the Creator Economy with Cassie Roma and Jim Louderback

How James Bond Helped me Make Sense of the Facebook (and Twitch and TikTok) "problems"
Shaken Not Stirred Coinkydink or Not?  All of Facebook's properties go down due to networking "configuration changes". Then TikTok goes out for a few hours. Shortly after, a massive Twitch hack due to a "server configuration change" releases just about everything of note from the streamer including source code, earnings for top streamers and much more. To quote Bond super-villian Goldfinger, "Once is happenstance. Twice is coincidence. The third time its enemy action." Wheel of Snapchat! It started out so well – Snapchat spent a million dollars a day to get creators to post short videos on Spotlight. But it didn’t last long. Now instead of paying creators outright it plans to enter them into a raffle instead. In other words, if you make great Snap Spotlight content, you earn the right to maybe, possibly, perhaps win a few bucks. Imagine if I tried that at VidCon. “Hey team, love all the great work you’re doing! You’ll all be entered into my ‘VidCon Challenge’, where one lucky employee actually gets paid each week”. That won’t fly here – and likely won’t incent creators either. Even if they could get Vanna White to hand out the prizes. So much for IGTV. Rewind is Dead too. Facebook encourages hate speech for profit, says whistleblower: The whistleblower behind the leak of an enormous cache of Facebook documents to the Wall Street Journal, Frances Haugen, went public on 60 Minutes on Sunday, revealing more of the inner workings the most powerful social media platform in the world. Revealing her identity on national television, Haugen described a company so committed to product optimization that it embraced algorithms that amplify hate speech. BOOK TOK!
October 18, 2021
LinkedIn Pays Creators… sort of - The LatAm Creator Economy - Social Tokens
Linkedin Pays Creators - LatAm Creator Economy is super strong but needs more monetization - The Future of Social Tokens and the creator economy - Good News from the Pandemic - Roblox rolls out age verification system - Roblox will start verifying the age of teenage players - The Verge Creator Marketing Survey and Report - The Creator Economy Survey by The Influencer Marketing ( TikTok Parent limits kids usage in China -  TikTok parent ByteDance adds time limit for kids under 14 on its video app in China - The Verge
October 11, 2021
Episode 16 - The Facebook Files, NFTs for sponsorships, The Kids Are Not Alright
Podcaster Shaan Puri is launching an experimental 1 of 1 NFT///  This is an experimental 1 of 1 NFT. This token gives the holder the right to 5 minutes of airtime on the My First Million Podcast. THE FACEBOOK FILES - Wall Street Journal Facebook Inc. knows, in acute detail, that its platforms are riddled with flaws that cause harm, often in ways only the company fully understands. That is the central finding of a Wall Street Journal series, based on a review of internal Facebook documents, including research reports, online employee discussions and drafts of presentations to senior management. Disturbing Portrait of TikTok Celebrity: The reality TV show starring Charli D’Amelio and family dropped a week ago, and it paints a disturbing portrait of how fame twists and assaults vulnerable teens.
September 27, 2021
Crypto Punks Go Hollywood
The CryptoPunks are going Hollywood. - The red-hot NFT crypto-art project from Larva Labs has signed with United Talent Agency for representation across film, TV, video games, publishing, and licensing. UTA will also represent Meebits and Autoglyphs, two other crypto-art projects created by Larva Labs. The Power of Protest - Can Twitch Streamers Taking a day of make a difference?  - TIKTOK is NOT Bigger than YouTube - TikTok reportedly overtakes YouTube in US average watch time - The Verge Apple Muzzles Internal Slack - TikTok Finally Releases an API - Creator Marketplace API Not sure why Instagram needs a quarterly magazine, but “Instagram Insider Fall 2021” is out.
September 15, 2021
A Mercenary, a Barbarian and a Thumbnail walk into a Room….
YouTube Killing Off the Thumbnail: If you’re a YouTuber, you’ve likely stressed over the perfect thumbnail for your video. Consultants, A/B testing tools, and even sessions at VidCon have helped countless creators optimize for clickability. But it looks like the thumbnail is being upstaged –– at least in search –– by auto-generated chapters and time-stamped images. Sounds good for users, but somewhere Jeremy Vest is tearing his hair out. Head of Instagram Adam Mosseri visits Bloomberg Technology to talk to Emily Chang about new products features, the booming creator economy, and the role social media platforms play in content moderation - mostly around video first content & new features.  This interesting 12min of video covers a big swathe of information on Instagram & where it's heading. What really intrigued me was the "Insta for kids" bit at th 7min mark. Kids under 12... how do you make this safe & build it for parents to really be able to monitor kids' time on site & safety when parents are already frazzled & phone addicted? HOW DO WE SET KIDS UP FOR SUCCESS & MENTAL HEALTH & SAFETY ONLINE IN A WORLD WHERE THEY'VE NEVER KNOWN ANYTHING OTHER THAN BEING CONNECTED THROUGH SOCIAL MEDIA? WHAT ARE THE RIGHT STEPS TO TAKE? When Creator Funds Run Dry? Everyone from TikTok and YouTube to Instagram and Snap has proudly announced their multi-million-dollar funds to lure creators to their platforms. But the lessons of the First Punic War still stand: when you buy a mercenary army, you have to keep paying up. Snap, alas, is learning this lesson the hard way. Has the world gone QAIQAI... WHAT THE FLUF?! The future of brands is in the metaverse! Rabbit faceGlobe with meridians. FLUFs are designed to be interactive and dynamic multi-media avatars, adapting to relevant content. So who do you think will be the first major brand to buy a FLUF? Facebook may be forced to sell Giphy one year after buying it | Ars Technica No one wants to invest in OnlyFans
August 30, 2021
Creator Products Take Center Stage at Discord, LinkedIn, TikTok and YouTube
As creator economy startups multiply like rabbits, the bigger platforms are getting into the game by upping their product chops. First up, LinkedIn. I love distributing this newsletter there, but their creator-first products are lame. Clearly LinkedIn knows that as well, since it just bought tutorial video app Jumprope and plans to convert CEO Jake Poses into the head of creator product, with CTO Travis Johnson running core engineering.  Also Discord just snapped up one of my favorite writers, Derek Yang, to run creator product as well. TikTok tests Fleets/Stories like product - Creator Economy is upending entrepreneurship as well - Great interview with YouTube product chief Neil Mohan - News: Europe is about to do to copyright what it did to privacy, copywriting dance moves with “Labanotation” and Shorts Shorts Shorts
August 20, 2021
Episode 12 - Streaming and VRing all day and all night!
Facebook will spend a lot on VR and AR - Livestreaming takes off - is it QVC all over again -  Livestream shopping on social media shows potential in the US — Quartz ( Identity and anonymity - good or bad?  - NEWS HITS: TikTok becoming LinkedIn, Twitter Vocal Effects, Pinterst leaning into Creators and Welcome “Señor Bestia”!
August 10, 2021
Episode 11 - Instagram, Facebook, YouTube and more
Is Instagram Censoring us? - One YouTube subscriber = 25 TikTok subscribers according to new financial services firm YouTube releases Tip Jar - or did they update one from 7 years ago?  YouTube Intros Super Thanks, Tip-Jar Feature for Creator Channels - Variety Facebook is finally a media company - Is music a bad place to try to make money? NFTs FTW
July 31, 2021
Episode 10 - Paying Creators and why YouTube Still Leads by a "Country Mile"
Why Can’t Other Platforms Pay Creators Like YouTube? VidCon founder Hank Green’s latest rant on TikTok shows – yet again – that YouTube dominates in compensating creators. In 2020 Big Red paid out about 50% of its $19 Billion in revenue to creators. Hank also notes that even though TikTok trumpets its billion-dollar creator largesse, that’s only 7% of Double T’s estimated 2020 revenue. Using Niel Robertson’s round-up of creator grants, the other platforms are also far behind.   Snap’s $365M payout is 18% of its 2B in 2020 revenue – much better but still not YouTube level. Pinterest is nowhere, with 1+% of 2020 revenue.  LinkedIn, as usual, remains a big fat 0%. These figures – more than anything else – are exactly why creators are moving from platforms to Web3-style owned connections with their communities.  They are tired of giving away their milk for free. Now Facebook says they will give away a BILLION DOLLARS - over 18 months, that's 2/3rds of a percentage of the $150B they will make in that time frame... The future of online retail looks a lot like QVC, with live streams of influencers, including dogs, doing the hawking Retailers as varied as Walmart, Amazon, Gucci and Levi’s are experimenting with live-stream shopping events, which are projected to generate $11 billion in U.S. sales this year PLUS: Cheap legal advice for creators What is a "Creator" Alas Fleets, we hardly knew ye
July 27, 2021
Episode 9 - TikTok Jump, Unpacking Avatars and the Changing Power Equation in Hollywood
TIKTOK's NEW JUMP FEATURE Rebuilds the Internet Inside TikTok: Now developers can connect third party tools like messaging apps, shopping, cooking, news sites (and others) directly into TikTok. This means you could watch a video, Whatsapp your friends about it, share it on Discord, book a trip to where the video was produced, view the recipe behind the video, and then buy the ingredients all without leaving TikTok. It’s the beginning of an incredible vision for the social video app, one where you’ll never need to leave TikTok to do almost anything. It might even obviate the Apple Store tax without lawsuits. dot.LA's inaugural, in-person summer series event sought to bring some understanding to the creator economy and the myriad ways it's shifting power relationships in Hollywood.  The new model is already upending traditional advertising, spurring a slew of startups from old school talent agencies to AI-platforms aimed at boosting influencers' reach and giving once overlooked artists a bigger voice. AVATARS: Crafting our digital persona is all about trying on different versions of ourselves  We are different "people" in different settings and to different groups.  Avatars are the gateway drugs to the "multiverse".
July 1, 2021
Math Is Hard, A Field Guide to GenZ, Facebook Would be King
MATH IS HARD: Today, we live in a world where 24.3% of Instagram’s 1 billion monthly active users have over 100,000 followers, and close to 5 million accounts have over 1 million followers." OK, think about it.  Do you really believe that a quarter of all instagrammers have 100k or more followers?  A little math would show that with a billion MAUs, that would mean every user would have to follow, ON AVERAGE 29,300 creators. That's patently absurd.  If you follow the link you see that the data comes from another study that actually just tested 30k or so BUSINESS INSTAGRAM accounts, where a quarter had more than 100k followers.  The clueless author abstracted that to the 1B users. GETTING TO KNOW YOU - RATHER, THEM: A Guide to Gen Z Through TikTok Trends, Emojis, & Language... There are nearly 3 billion Gen Zs alive today. In 2019, Gen Zs surpassed Millennials to become the largest generation on the planet. And with the oldest Gen Zs still only 26, the generation’s $150 billion in spending power will swell 70% over the next five years. Facebook Wants to be VR King: With a flurry of moves and acquisitions, Facebook is quickly becoming the leader in VR. Sure, Epic and Snap are certainly doing big things – with Epic likely to be the biggest competitor. I’m a big believer in augmented and virtual reality becoming the next big thing someday. If it happens soon, Facebook might well have it’s next Instagram. If not, well, they might well dominate anyway.
June 27, 2021
Episode 7: Bickering Beekeepers, Hashtags, BYOC, Instagram Giveaways, CJ So Cool!
This Week:  Bickering Beekeepers and Marky Mark Trail, Hashtags Are Cool Again, BYOC, Politics on TikTok, Instagram Giveaways, CJ So Cool! Details and Links: Life Imitates Art Imitating Life: A few months ago, I pointed you to the wholesome TikTok beekeeper @TexasBeeWorks. But she’s now embroiled in a beekeeper battle with @lahoneybeerescue  who calls her Texas nemesis foul, fake and dangerous. This would be just another creator vs. creator smackdown, except the whole thing was foreshadowed by 60-year old comic strip “Mark Trail”. Since March a “Bikbok” battle between Mark and viral video influencers Professor Bee Sharp, Killer Bee, Cricket Bro and eco-rapper Reptiliannaire has been playing out in newspapers everywhere. OK, maybe this is a coincidence. Or maybe there’s a sinister plot going on. I’m not sure – but it’s just too weird to ignore. Does anyone really win those darn Instagram giveaways? YouTuber CJ So Cool auctions off a third of his future earnings How hashtags went from cringey to cool BYOC - Bring Your Own Community.  Why this is the next big trend in the Creator Economy!
June 9, 2021
Episode 6: Is There a Real Kingmaker at TikTok - and did Facebook Drop the Ball on Dropping Likes?
This week Cassie and Jim discuss whether Facebook and Instagram dropped the ball on dropping Likes, a look at whether TikTok really is focused on promoting blandness (and hit singles) and we handicap the latest darling app Poparazzi.
June 3, 2021
Episode 5: Is This Thing On? - Google's Telepresence Will Change the World
Google's Cutting Edge Telepresence Twitch Adds New Hashtags..  FINALLY! New startup FAVE Empowers Superfans WILDFANG comes to Nordys Gucci comes to Roblox Twitter, Zoom, Discord, Spotify and Facebook are selling tickets to events Poised will make you better at Zoom Lovingly recorded on FiresideChat
May 27, 2021
Episode 4: Just Because It’s Vertical and Short Doesn’t Make it TikTok. Plus Apple Giveth – and Taketh Away
YouTube Launches Shorts Fund: Big Red is ramping up the “compete with TikTok” game with a $100M fund for creators. Payouts will be determined by engagement and views, rather than ad revenue – and you don’t even need to be an official “partner” to win! But it’ll take a lot more than cash to dethrone Big T.   Cassie and Jim unpack that news, while also exploring how Apple is both a positive and a negative for the creator economy, details on new stuff from Koji, and what it takes to REALLY be an entertainment company today - inspired both by a Matthew Ball article and the Discovery / Warner Bros. merger.
May 19, 2021
Inside the Creator Economy - Web3 and more!
The Epic Web3 Transition Changes Everything: If you read just one thing this week, make it Rex Woodbury's piece on Web3, creators and the metaverse. We're in the middle of a transition from Web 2.0, ruled by platforms and middlemen to Web3 - which is about direct creator to community transactions. Rex describes Web3 perfectly, but also ties so many other threads together. If you read this, you know something big is going on. This post ties it all together with a bow. Maximizing Brand Deal Value: If you’re a creator, you’ve probably had brands approach you offering to sponsor. But how much do you charge? What’s the right way to approach the deal so that both of you win? This post from Famepick details how to respond to inbound brand requests, and helps you maximize your return while retaining rights to your content. It’s also smart for brands to understand, to build successful symbiotic relationships with creators. Scroll to the end for a TLDR response that works nearly every time! · TikTok Expands SDK for third party developers. · Just in time for summer – Shorts For All!
May 12, 2021
Inside the Creator Economy Episode 2
Stories this week and more!  Plus a tip of the week from Derral Eves Super League Disaster is Another Win For Community-First Media: If you’re not a (European) football fan, you may have missed the latest scandal roiling the sport world. Rich and absent owners attempted to co-opt the community tradition of “football clubs” associated with cities and towns around Europe. This decidedly fan-unfriendly approach was roundly and soundly destroyed by fans everywhere. The hide-bound sport world has been woefully behind the creator economy curve but that’s starting to change. Fan communities unite! · Hype House coming to Netflix. Title: “Here Comes Hype House Boo Boo” (kidding · Influence.Co publishes list of how top platforms reward creators. · Startup Pietra Studio launches, promises to simplify brand development for creators.
May 7, 2021