Summary:
Bluesky’s user base has grown to 20 million, driven by political discontent with X.
No advertising is currently available on the platform, raising questions about future monetization.
Marketers are in a wait-and-see mode, looking for scalability and audience reach before investing.
Bluesky faces competition from Threads, which already has a strong advertising infrastructure.
The platform's growth is influenced by political discussions, making brand engagement risky.
Bluesky’s surge in user interest has marketers on alert, but their spending remains cautious. With 20 million users, the platform is undeniably gaining traction, especially with the upcoming presidential election drawing users disillusioned with X (formerly Twitter). Since October, Bluesky has seen an impressive addition of over eight million new users daily.
Bluesky Doesn’t Have Advertising
Currently, Bluesky does not support advertising, and its CEO, Jay Graber, has indicated that ads are not in the immediate plans. This raises questions among marketers about how long this will last, as platforms typically need to find monetization avenues. Marketers can only operate organically for now, and many are hesitant to invest significantly until an ad tier is launched.
The Threads Conundrum
Even if Bluesky were to introduce ad products, it may find it challenging to compete with Threads, a rival platform owned by Meta, which already has a significant user base and established advertising infrastructure. Marketers seek scalability and audience reach, making it essential for Bluesky to differentiate itself to attract advertisers.
Navigating Bluesky in a Polarized Platform Landscape
Bluesky’s growth is intertwined with political discussions, presenting a challenge for brands wary of entering politically charged conversations. Understanding the dynamics on Bluesky will be crucial for brands considering a presence there.
Bluesky’s Nascent Pitch to Advertisers
Despite the challenges, Bluesky is positioning itself for long-term growth, hoping to attract influencers to the platform. Several brands, including Hulu, Duolingo, and Netflix, have started posting on Bluesky, while some celebrities have also migrated over, suggesting potential for future engagement and advertising opportunities.
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