UM Media Scoop: 28th April 2023

Why is this important?

During the peak of BeReal’s success, the app was once valued at $600 million – this shows that market valuations don’t always reflect the state of the app space accurately, and a high valuation isn’t always an indication that the app will stick around. We’ve seen it before with BeReal’s predecessor, Clubhouse – an audio social platform that was once valued at $4 billion, but usage of that app has declined significantly since audiences have lost interest in social audio elements. Read more.​

Why is this important?

The push to tackle the issues surrounding gambling addiction comes from the latest figures from the annual “Treatment and Support Survey” which found that 75% of people experiencing gambling issues felt like they could not open up about their struggles, one in four people also thought that they knew someone who had experienced problems with gambling. The chief communications officer at GambleAware stated that “Gambling has been a ‘hidden addiction’ for too long, with feelings of shame, embarrassment and guilt preventing people from opening up to loved ones about the issue.” This campaign has real people with real stories at it’s heart, encouraging a bigger conversation around gambling addictions. Read more.

Why is this important?

Adhering to new naming conventions is crucial to maintaining a seamless ad experience. By adhering to the new rules, advertisers can avoid encountering errors when creating or updating their accounts, ensuring a smooth account setup process, preventing potential delays in launching campaigns, and fostering a more organized and consistent naming convention across the platform. Read more.