Photo: Unsplash | dole777
More than a decade ago, when social media grew from a niche phenomenon for the tech-savvy to a mainstream fixture in the life of the entire wired world, there was something exciting about it. It allowed users to reconnect with old acquaintances on a scale never before possible. It put users in contact with others in parts of the country and the world they had never visited. It seemed, by and large, like a good thing.
That enthusiasm has waned over the years and a new survey shows that Americans are not thrilled with social media. If those feelings affect how people communicate, it could also alter how they shop.
Only 38 percent of Americans believe that the invention of social media was a good thing, according to a YouGov survey. Twenty-nine percent believe that it has had an overall negative impact. Those who believe it has had a negative impact skew older with 40 percent of 56-to-75-year-olds agreeing that social media has been bad for humanity. Only 18 percent of 15-to 25-year-olds share that view. Fifty-seven percent believe that the social media industry requires more regulation.
People are much more positive about the invention of the Internet (64 percent say it is good for humanity) and the smartphone (62 percent say likewise).
While surveys have shown perspectives on social media skewing negative for a few years, some sources say that retailers stand more to gain than ever from a solid social strategy, as a long-anticipated boom in “social commerce” appears to be in the offing.
A recent post by McKinsey anticipates that transactions completed through social media sites and apps, which in 2021 pulled in U.S. sales of $37 billion, will jump to $80 billion by 2025. Exemplifying the phenomenon, McKinsey cited an Econsultancy list that described an instance of a company that makes a week’s worth of its store revenue in a single TikTok livestream.
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