E.l.f., Nike, and Chick-fil-A Maintain Top Spots as Teens' Favorite Brands
In Piper Sandler's 46th semi-annual "Taking Stock With Teens" report, the preferences of teenagers for brands in the cosmetics, apparel, footwear,...
The landscape of social media is evolving as platforms like Twitter, Facebook, Instagram, and Snapchat introduce paid subscription services (Twitter Blue, Snapchat Plus, and Meta's bundled Facebook and Instagram Blue Badges).
Users, accustomed to free access, now face subscription fees, raising questions about their expectations, perceived quality, value, and likelihood of opting for these services.
Users' expectations vary based on the platform they engage with and its unique features. Instagram users are the most optimistic, while younger, college-educated, and politically conservative users tend to have higher expectations and are more likely to purchase subscriptions.
The features offered by these platforms are evolving. College-educated users and those with conservative political views perceive the features as higher quality across all apps. Users' perceptions of feature quality are more narrowly oriented than their expectations.
The perceived value of subscription prices varies among platforms. Snapchat's lower price of $3.99 per month aligns with users' perceptions of value, while Twitter, Meta (Facebook and Instagram), and Facebook have room for improvement. College-educated, conservative, younger, male, and high-income users tend to perceive more potential value.
Users are generally more satisfied with Instagram and Snapchat's pay-for-subscription services than Facebook and Twitter. College-educated, conservative, younger, male, and high-income users see a closer fit to their ideal social media service.
Snapchat users are the most likely to opt for subscription services, followed by Instagram, Facebook, and Twitter users. College-educated and conservative users are significantly more likely to subscribe across all platforms.
Instagram appears to have adopted the best features and user focus for fee-based subscriptions, while others may need strategic realignment.
Note: These findings are based on a nationwide survey of 1,056 users in the United States, with a margin of error of less than 3%.
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