Latest / Open Tabs / 🎧 Utility is the digital strategy word of the year
Transcript
- 0:00SPEAKER_00: Welcome to OpenTabs,
- 0:02SPEAKER_00: everyone,
- 0:03SPEAKER_00: our twice-weekly Substack Live where we talk about the stories taking up space
- 0:08SPEAKER_00: in our tabs, our feeds, and our brains.
- 0:11SPEAKER_00: Hi, Melissa.
- 0:12SPEAKER_00: Hi, Megan.
- 0:14SPEAKER_00: Hi.
- 0:16SPEAKER_00: Okay, we have some fun topics lined up for today, so just gonna jump straight into it.
- 0:23SPEAKER_00: So this is kind of exciting for me, at least, because I love Reddit.
- 0:27SPEAKER_00: But Reddit is testing out a new way to watch and listen to the viral posts on their platform.
- 0:35SPEAKER_00: So they're going to create a video Reddit experience.
- 0:40SPEAKER_00: And this is largely inspired.
- 0:42SPEAKER_00: I don't know if you guys get this on your all's feeds a lot,
- 0:45SPEAKER_00: but the Viral Reddit posts that people then rip off and will make TikToks
- 0:51SPEAKER_00: and even their entire podcasts dedicated to just reading viral Reddit posts.
- 0:58SPEAKER_00: And this is Reddit trying to get a slice of that pie.
- 1:03SPEAKER_00: So they've noticed all the Reddit content on TikTok specifically, the CEO called out.
- 1:11SPEAKER_00: They are going to create a text-to-speech feature
- 1:16SPEAKER_00: where people can narrate their Reddit posts,
- 1:21SPEAKER_00: and they're calling it a spoken Reddit format,
- 1:25SPEAKER_00: so likening it to a podcast, but a very short one, I guess.
- 1:32SPEAKER_00: So I wonder if you guys have any thoughts on yet.
- 1:36SPEAKER_00: I feel like Reddit was kind of like the final holdout of like social media.
- 1:40SPEAKER_00: I know it's been like debated is Reddit a social media platform or not,
- 1:44SPEAKER_00: but I feel like they were one of the last holdouts on video and they have succumbed
- 1:50SPEAKER_00: to it finally.
- 1:54SPEAKER_02: Yeah, I don't know if we needed native video on Reddit.
- 1:57SPEAKER_02: Like I feel like part of the beauty of it was pulling from other places
- 2:01SPEAKER_02: and like embedding and that it was so friendly with the other websites in that way
- 2:05SPEAKER_02: because they're so anti each other that it was like the one place where you could go
- 2:08SPEAKER_02: and like everything is linked.
- 2:10SPEAKER_02: And the fact that they're doing native video,
- 2:12SPEAKER_02: it's like,
- 2:12SPEAKER_02: then they're going to start prioritizing that over other things and make it harder
- 2:16SPEAKER_02: to link out because once they want to keep you on their platform,
- 2:20SPEAKER_02: they make it difficult to leave their platform.
- 2:22SPEAKER_02: So I think this represents a larger strategic shift that is super interesting.
- 2:28SPEAKER_02: But I also think that it's going against one of Reddit's core value props, which is anonymity.
- 2:34SPEAKER_02: Because it's adding more like signal and identifying features to your Reddit post in
- 2:41SPEAKER_02: a way that I don't think is aligned with how people are using Reddit.
- 2:48SPEAKER_01: That is really interesting to hear that perspective, Megan.
- 2:53SPEAKER_01: I mean, I think my instinct on this is that when I think of Reddit,
- 3:01SPEAKER_01: You know how we talk about other platforms and we're like,
- 3:03SPEAKER_01: okay, Instagram is like the photo.
- 3:05SPEAKER_01: It's like where photographers go and how we'll like liken Substack to,
- 3:10SPEAKER_01: you know, writers.
- 3:11SPEAKER_01: This is like the writing form.
- 3:13SPEAKER_01: Like whether or not you agree with it, whatever.
- 3:14SPEAKER_01: It's just how it's sort of like formulated.
- 3:16SPEAKER_01: When I think of Reddit, I think of it as the engagement platform.
- 3:20SPEAKER_01: It's like the discourse in the comments and like that's its primary feature.
- 3:24SPEAKER_01: It's like the conversation.
- 3:26SPEAKER_01: And so On one hand, I'm not totally understanding the approach to video.
- 3:33SPEAKER_01: I actually think if video can help some of the posts actually get distributed out
- 3:39SPEAKER_01: into the world more, I think that's interesting to me.
- 3:42SPEAKER_01: I actually think of if there's a way to sort of record it with tone
- 3:49SPEAKER_01: from whoever is creating it and it can go out.
- 3:54SPEAKER_01: And then the idea like it brings people back to Reddit to then To me, that feels interesting.
- 4:01SPEAKER_01: But to your point, Megan,
- 4:03SPEAKER_01: if the goal here is to yawn, yawn, yawn,
- 4:07SPEAKER_01: follow the same thing that every other platform does,
- 4:10SPEAKER_01: which is try to create video to then prioritize video to then keep people on Reddit,
- 4:15SPEAKER_01: I don't know.
- 4:16SPEAKER_01: That feels weird.
- 4:17SPEAKER_01: But to me, again, this has been interesting because it's like You see other publications.
- 4:24SPEAKER_01: I feel like even People Magazine has taken stuff from Reddit and it's like,
- 4:28SPEAKER_01: well, this was a controversial thing that came up in Reddit.
- 4:31SPEAKER_01: It's like a headline you can see.
- 4:32SPEAKER_01: So I think if there's a way to sort of, again,
- 4:36SPEAKER_01: prioritize the discourse,
- 4:38SPEAKER_01: the conversation, because that's the core to me with this, great.
- 4:42SPEAKER_01: But if it, I don't know, why fundamentally change what is working with it?
- 4:48SPEAKER_01: I don't know.
- 4:49SPEAKER_02: Yeah, to me this feels like them taking a look at like the Too Hot Takes podcast,
- 4:53SPEAKER_02: which have you guys seen that one where it's like a woman and she usually has
- 4:58SPEAKER_02: a co-host and she talks through a Reddit like am I the asshole or some sort
- 5:04SPEAKER_02: of Reddit story and then they discuss like who's in the right here
- 5:07SPEAKER_02: and they add their color commentary.
- 5:09SPEAKER_02: That's why people are watching for her like The reading of it,
- 5:13SPEAKER_02: the added commentary,
- 5:14SPEAKER_02: then the like,
- 5:15SPEAKER_02: let's go through and decide who's right and wrong and talk through both sides here.
- 5:19SPEAKER_02: Like that's the value of the content, not the video element.
- 5:24SPEAKER_02: Like that's the video is like the delivery mechanism,
- 5:27SPEAKER_02: but the creator value add there is that editorialization and that contextualization
- 5:32SPEAKER_02: and that commentary,
- 5:33SPEAKER_02: that reaction,
- 5:34SPEAKER_02: that simply adding a video feature to Reddit is not going to give it the same,
- 5:40SPEAKER_02: the same like Yeah,
- 5:47SPEAKER_00: and as a Redditor, I don't always love calling myself that.
- 5:53SPEAKER_00: It's the truth.
- 5:54SPEAKER_00: Actually, okay, I have a question.
- 5:57SPEAKER_01: As a Redditor, are there Reddit creators?
- 6:02SPEAKER_00: There are definitely, like, people who are known.
- 6:05SPEAKER_00: There are, like, people, the moderators of subreddit.
- 6:08SPEAKER_00: That's what I was going to say.
- 6:09SPEAKER_01: To me, it's always been, like, the moderator, the mods.
- 6:12SPEAKER_00: Yeah, the mods of subreddit.
- 6:14SPEAKER_00: The specific communities on Reddit are, like, celebrities.
- 6:18SPEAKER_00: They're literally, like, influencing the content that goes up on the subreddit.
- 6:23SPEAKER_00: Then you also have, like, Reddit creators.
- 6:27SPEAKER_00: We talked about, I want to say in January, the Chive guy who went.
- 6:32SPEAKER_00: It's like super viral on Reddit.
- 6:34SPEAKER_00: And if you guys missed it,
- 6:37SPEAKER_00: there is a very popular cooking Reddit and it's supposed
- 6:42SPEAKER_00: to be like has both professional chefs and amateurs
- 6:46SPEAKER_00: and like they exchange information.
- 6:48SPEAKER_00: Amateurs will ask the professional chefs questions.
- 6:51SPEAKER_00: Chefs will ask each other for advice.
- 6:54SPEAKER_00: And this one professional chef, I think, no, he was just a home cook, like an amateur home cook.
- 6:59SPEAKER_00: He wanted to perfect his chive chopping skills.
- 7:03SPEAKER_00: So for, I want to say,
- 7:04SPEAKER_00: at least three months every day,
- 7:06SPEAKER_00: he would He would post a video of the results of his chive chopping,
- 7:13SPEAKER_00: and he's trying to get them as tiny as possible,
- 7:16SPEAKER_00: and professional chefs would rate him each day.
- 7:20SPEAKER_00: And people would be like,
- 7:21SPEAKER_00: oh my gosh, it's like 6 p.m. Eastern, he hasn't posted his chives yet, where is he?
- 7:27SPEAKER_00: Tens and tens of thousands of upvotes
- 7:30SPEAKER_00: and eventually Philadelphia Cream Cheese started doing targeted ads.
- 7:37SPEAKER_00: But he was a celebrity or an influencer on Reddit.
- 7:43SPEAKER_00: Nobody knew who he was.
- 7:46SPEAKER_00: I think maybe we saw his part of his hand in one of his pictures.
- 7:50SPEAKER_00: I knew his handle.
- 7:52SPEAKER_00: You all know people's handles.
- 7:54SPEAKER_01: But I was going to ask in general, People are anonymous.
- 7:58SPEAKER_00: Yeah, it's largely anonymous.
- 8:01SPEAKER_00: I don't know anyone's faces on Reddit.
- 8:04SPEAKER_00: I'll know their usernames and their tags.
- 8:09SPEAKER_00: And people, for profile pictures, it's always a little animation.
- 8:13SPEAKER_00: Maybe there are people who use an actual picture of their face, but it's largely anonymous.
- 8:19SPEAKER_00: And that's why you get these crazy viral Like,
- 8:23SPEAKER_00: am I the asshole posts because it's anonymous
- 8:25SPEAKER_00: and people feel comfortable confessing,
- 8:28SPEAKER_00: sharing things that they wouldn't be comfortable doing on Instagram, for example.
- 8:35SPEAKER_01: So I guess what is coming to mind is like,
- 8:38SPEAKER_01: is this like the next space for like the creators to, you know what I mean?
- 8:45SPEAKER_01: Like, is this going to be like,
- 8:47SPEAKER_01: is it going to become that like even more You know,
- 8:51SPEAKER_01: recently,
- 8:52SPEAKER_01: obviously, Emma,
- 8:53SPEAKER_01: you've been helping me with the Swell Club and like setting up,
- 8:57SPEAKER_01: you know,
- 8:57SPEAKER_01: the Amazon storefront and how the storefront from the back end now,
- 9:00SPEAKER_01: it's so interesting how it's so set up for creators
- 9:04SPEAKER_01: and how it's like literally like almost making Amazon like a social platform
- 9:08SPEAKER_01: as well.
- 9:10SPEAKER_01: And it's just interesting.
- 9:11SPEAKER_01: Like, is this now?
- 9:13SPEAKER_01: It just makes me think of like, Megan,
- 9:15SPEAKER_01: I'm like taking a note out of your book where it's like,
- 9:18SPEAKER_01: And now the advertising starts because advertising against video is like,
- 9:23SPEAKER_01: and then fill in the blank from there.
- 9:24SPEAKER_01: So like, is that what's happening now, do we think?
- 9:28SPEAKER_00: It'll be interesting to see how advertisers,
- 9:32SPEAKER_00: I think they said they're planning on releasing this in Q1 of next year.
- 9:37SPEAKER_00: So I think that'll be interesting, like the video component of it.
- 9:40SPEAKER_00: Obviously you get like static ads on But I feel like a lot of brand advertising
- 9:47SPEAKER_00: on Reddit is like AMA style.
- 9:50SPEAKER_00: So like users asking questions,
- 9:53SPEAKER_00: like brands will bring on their CMO or like somebody notable on their team or like
- 9:59SPEAKER_00: an expert in a related field.
- 10:01SPEAKER_00: So there's like value there and it's always like it matches the tone of the platform
- 10:08SPEAKER_00: a lot, which is like information exchange and to your point, Melissa, engagement.
- 10:13SPEAKER_00: So it will be interesting to see how and when they integrate, how they work that in with video.
- 10:21SPEAKER_00: Yeah, that would be interesting to see.
- 10:23SPEAKER_00: Because Redditors can get sticky about brands coming on the platform.
- 10:32SPEAKER_02: Yeah, another interesting component of this is like Reddit is kind of seen
- 10:36SPEAKER_02: as like we were talking about where people can be honest about their opinions
- 10:40SPEAKER_02: because it's anonymous.
- 10:41SPEAKER_02: And a lot of the AIs are pulling from Reddit to like make decisions
- 10:46SPEAKER_02: and crowdsource essentially based on all of the really well-organized
- 10:50SPEAKER_02: and moderated communities there.
- 10:52SPEAKER_02: And a trend that I'm seeing to my point about like the apps not playing nicely
- 10:56SPEAKER_02: with each other, there is...
- 10:59SPEAKER_02: Amazon has changed their emails that they send to Google so
- 11:03SPEAKER_02: that it doesn't show you what the products are easily so that
- 11:06SPEAKER_02: the Google AI cannot use your Amazon confirmation email to pull that for data and
- 11:13SPEAKER_02: to help them make decisions about your customer profile.
- 11:17SPEAKER_02: Basically,
- 11:17SPEAKER_02: they're obscuring your receipt so that Google can't get the information
- 11:22SPEAKER_02: about what you're purchasing on Amazon because they want to be the place
- 11:26SPEAKER_02: where you go, the one-stop shopping destination.
- 11:29SPEAKER_02: But that leads to just a shittier experience for the customer
- 11:32SPEAKER_02: because now it's harder for you to search for your products in the email.
- 11:36SPEAKER_02: And it's harder for you to get the information you need.
- 11:38SPEAKER_02: And so even this,
- 11:39SPEAKER_02: I'm like,
- 11:40SPEAKER_02: is this an attempt at obscuring data and written words in a way that is harder
- 11:46SPEAKER_02: for other platforms to take?
- 11:48SPEAKER_02: And then if they get everyone in the habit of voice texting,
- 11:53SPEAKER_02: that's something that they can, yes,
- 11:55SPEAKER_02: transcribe,
- 11:56SPEAKER_02: but then they can guard that transcription better
- 11:59SPEAKER_02: than they could just like written text.
- 12:05SPEAKER_02: That's a really good point.
- 12:06SPEAKER_01: Wow, I didn't even think of that.
- 12:08SPEAKER_01: Me either.
- 12:10SPEAKER_01: That's a really good point.
- 12:12SPEAKER_01: It also makes me think, like, I think where, I mean, that is fascinating.
- 12:19SPEAKER_01: I think about it, the first word that comes to mind for me is distribution.
- 12:23SPEAKER_01: Like, I just think about, like,
- 12:25SPEAKER_01: how you could, like, Again,
- 12:29SPEAKER_01: just even audio-wise,
- 12:31SPEAKER_01: you can listen to all the Reddits and just reaching more people and grabbing more
- 12:37SPEAKER_01: of their attention in different ways just because Reddit does
- 12:40SPEAKER_00: require such focus.
- 12:41SPEAKER_00: You have to really like, yeah.
- 12:45SPEAKER_01: And so is there a way to sort of get so much of it?
- 12:49SPEAKER_01: I don't know.
- 12:50SPEAKER_01: It's so interesting.
- 12:51SPEAKER_01: I don't know.
- 12:52SPEAKER_01: I'm just trying to even wrap my head around it because so much of what I love is
- 12:55SPEAKER_01: that experience of the upvote, downvote, and then going through the comments.
- 13:00SPEAKER_01: I wonder how this, and again, I think maybe with AI, there's a way to do it.
- 13:07SPEAKER_01: Like maybe you summarize it.
- 13:08SPEAKER_01: Like maybe there's,
- 13:09SPEAKER_01: you know,
- 13:09SPEAKER_01: you could see some of these,
- 13:10SPEAKER_01: like some of the ones that I like,
- 13:12SPEAKER_01: you guys know,
- 13:13SPEAKER_01: I won't say it on here,
- 13:14SPEAKER_01: but like there's some individuals who like,
- 13:15SPEAKER_01: I literally like,
- 13:17SPEAKER_01: Every month will, like, just, like,
- 13:19SPEAKER_01: Google their name and Reddit and then go to,
- 13:21SPEAKER_01: like, some of the subreddits and be like, what's the latest?
- 13:24SPEAKER_01: Like, you know, that's where I get my news and stuff.
- 13:26SPEAKER_01: Like, truly, like,
- 13:27SPEAKER_01: some of the things that I,
- 13:28SPEAKER_01: you know, it's like we're all just interested in hyper-niche internet topics.
- 13:34SPEAKER_01: I would listen to it in a podcast form.
- 13:36SPEAKER_01: Like, if A, I put it together in a, like, you know, it's like a, you know, like the Spotify DJ.
- 13:41SPEAKER_00: Like, I was going to say, I feel like I could see us, like, opening stuff.
- 13:47SPEAKER_00: Sorry, what was that, Megan?
- 13:49SPEAKER_02: Do you listen to Substacks?
- 13:50SPEAKER_02: Because that's a feature where you can like listen to people's Substacks.
- 13:53SPEAKER_02: I listen to a lot of Substacks.
- 13:55SPEAKER_01: Yeah.
- 13:55SPEAKER_01: I don't.
- 13:56SPEAKER_01: I should.
- 13:57SPEAKER_01: I mean, I feel like I'm so like behind the times with my like podcast.
- 14:01SPEAKER_01: I have like such small windows of time, to be honest with you, where I can't listen.
- 14:05SPEAKER_01: And most of the time,
- 14:06SPEAKER_01: I just turn on the toast because like the emotion I want to feel is like,
- 14:10SPEAKER_01: I want to feel informed and I want to giggle.
- 14:12SPEAKER_01: And I know I can get that really quickly.
- 14:15SPEAKER_01: So that's where I'm scratching that itch.
- 14:20SPEAKER_01: And when I think of listening to a Substack, I feel like it's going to be long.
- 14:24SPEAKER_01: Not that I don't like that.
- 14:28SPEAKER_01: It's just very rare that I'm in the car by myself for a length of time to consume.
- 14:32SPEAKER_01: And that's where I would do it.
- 14:34SPEAKER_01: No, that makes sense.
- 14:35SPEAKER_00: It's like audio.
- 14:37SPEAKER_00: It's a different vibe for you.
- 14:39SPEAKER_00: Like what you would typically consume on Substack is not your audio vibe.
- 14:43SPEAKER_00: It's your reading vibe.
- 14:45SPEAKER_00: Exactly.
- 14:46SPEAKER_01: A hundred percent.
- 14:47SPEAKER_01: And if I'm going to like read, I probably would.
- 14:49SPEAKER_01: There's this other option.
- 14:51SPEAKER_01: It's just like hasn't risen high enough in my like whatever.
- 14:57SPEAKER_01: In my, like, habit to do it.
- 14:59SPEAKER_01: But you know what,
- 15:00SPEAKER_01: by the way,
- 15:00SPEAKER_01: the other day I was posting a note because I'm trying,
- 15:03SPEAKER_01: by the way, on Substack Notes.
- 15:04SPEAKER_01: I don't know if you guys have noticed.
- 15:07SPEAKER_01: I am doing 90 days of a note every day.
- 15:11SPEAKER_01: And now I'm like, I'm almost halfway.
- 15:13SPEAKER_01: I'm like, I think I hit 40.
- 15:17SPEAKER_01: And did you notice in the prompt,
- 15:20SPEAKER_01: if you write a note, it's like you can click on, like, prediction mark it?
- 15:25SPEAKER_00: Oh, yeah.
- 15:28SPEAKER_01: I know we've talked about prediction markets and stuff, but did we talk about it?
- 15:33SPEAKER_00: I think we mentioned it because I think it broke right before we were hopping on,
- 15:40SPEAKER_00: but Substack partnered with PolyMarket.
- 15:44SPEAKER_00: And I think it's like they did it because there are so many former
- 15:49SPEAKER_00: or current journalists who are on Substack.
- 15:52SPEAKER_00: So there's a lot of like political writing on the platform.
- 15:56SPEAKER_00: And Polymarket is like you can bet on anything, including politics.
- 16:00SPEAKER_00: I haven't seen any notes using it myself.
- 16:04SPEAKER_01: Like I just saw it as like an author.
- 16:06SPEAKER_01: And then there was also, like, a poll.
- 16:08SPEAKER_01: Like, and again, this is specific in the note.
- 16:10SPEAKER_01: Like, when you go to, like, draft a note.
- 16:13SPEAKER_01: And so, I don't know.
- 16:14SPEAKER_01: I just was curious.
- 16:17SPEAKER_01: Like, Megan, have you used it at all or seen it in this way?
- 16:20SPEAKER_01: I've seen it.
- 16:22SPEAKER_02: I've seen it, but I have not used it.
- 16:23SPEAKER_02: Yeah.
- 16:25SPEAKER_01: Yeah.
- 16:26SPEAKER_02: I'm, like, allergic to the prediction market stuff.
- 16:30SPEAKER_01: See, if I was integrating Polymarket with anything, I feel like it would be Reddit.
- 16:38SPEAKER_00: No, very true.
- 16:40SPEAKER_01: I think of Wall Street bets and I think of like, I don't know.
- 16:47SPEAKER_00: And all, I mean, Polymark, it's all you can bet on anything.
- 16:51SPEAKER_00: Like Reddit, literally, there's a community for anything under the sun.
- 16:57SPEAKER_00: You think something's obscure and then you go to Reddit and you're like,
- 17:00SPEAKER_00: oh, 10,000
- 17:01SPEAKER_02: people are in this.
- 17:02SPEAKER_02: You also though had to think about like the different communities that exist
- 17:05SPEAKER_02: on each platform and like, Substack is, like, the library.
- 17:10SPEAKER_02: And so, like,
- 17:11SPEAKER_02: if you're a polymarket,
- 17:12SPEAKER_02: I feel like you want to go to the library and see how these nerds are going
- 17:15SPEAKER_02: to do things because you know that's going to be, like,
- 17:17SPEAKER_02: within the limits of respectability versus Reddit, which is, like, a frat house.
- 17:22SPEAKER_02: And, like,
- 17:23SPEAKER_02: who knows what they're going to do if you give them access to this technology
- 17:26SPEAKER_02: and tell them to go crazy.
- 17:27SPEAKER_00: I know Reddit.
- 17:30SPEAKER_01: Why am I going to the frat house?
- 17:32SPEAKER_01: I don't know.
- 17:35SPEAKER_01: I don't care what Substack has to do with the Polymarket.
- 17:38SPEAKER_01: I want to see what Reddit does.
- 17:42SPEAKER_00: Not a weird, not just Google Polymarket Reddit.
- 17:46SPEAKER_00: Yeah.
- 17:47SPEAKER_00: Okay, so we'll be watching.
- 17:49SPEAKER_01: The collab that needs to collab.
- 17:50SPEAKER_00: Yeah.
- 17:52SPEAKER_00: Okay, second topic I wanted to chat with you guys about.
- 17:57SPEAKER_00: MySpace is potentially making a comeback.
- 18:00SPEAKER_00: So MySpace owners confirmed,
- 18:03SPEAKER_00: I guess they're releasing a documentary, that they intend to relaunch the platform.
- 18:09SPEAKER_00: No dates or details on when that will happen.
- 18:14SPEAKER_00: But I guess this isn't the first time they've tried to bring the platform back,
- 18:20SPEAKER_00: but they basically said they will keep trying to relaunch it
- 18:23SPEAKER_00: until it actually happens.
- 18:25SPEAKER_00: So they're like, if over our dead bodies, will Myspace not make a comeback?
- 18:32SPEAKER_00: And I feel like we don't necessarily need to deep this,
- 18:34SPEAKER_00: but I wanted to get your all's thoughts.
- 18:36SPEAKER_00: Like, I was a little a hair too young.
- 18:39SPEAKER_00: So I like just missed the MySpace age and kind of just went straight into Facebook.
- 18:45SPEAKER_00: But I'm curious if you guys had any thoughts on this.
- 18:50SPEAKER_02: Yeah, when you're like, you don't need to deep this.
- 18:51SPEAKER_02: I was like, you're talking to two millennials who love the internet.
- 18:55SPEAKER_02: This was important to us.
- 18:57SPEAKER_02: I was young, but I had a MySpace.
- 19:00SPEAKER_02: I was probably too young to have one.
- 19:03SPEAKER_02: And I loved it.
- 19:04SPEAKER_02: I thought it was amazing.
- 19:05SPEAKER_02: I was learning HTML so that I could make my backgrounds what I wanted to make them.
- 19:09SPEAKER_02: I was obsessed with ranking my friends, depending on how they treated me at school that day.
- 19:14SPEAKER_02: I spent so much time on my space just like making it perfect and I loved it.
- 19:20SPEAKER_02: And I don't care if it's coming back.
- 19:22SPEAKER_02: I don't think I'll ever want to invest as much time and space and brainpower
- 19:27SPEAKER_02: into something like that again.
- 19:29SPEAKER_02: I think it was a uniquely teen thing when I wanted to spend that much time doing that.
- 19:36SPEAKER_02: And I don't know if they're going to meet the moment
- 19:40SPEAKER_02: of what their grown-up consumer wants out of my space.
- 19:45SPEAKER_02: Because I think the idea that there's this vast World Wide Web and you're going
- 19:50SPEAKER_02: to create a space that's just yours is still compelling.
- 19:53SPEAKER_02: But we have so many options for how you can do that now that it's like, why am I going to...
- 19:58SPEAKER_02: Now you're just giving me homework that I have to come do it all over again
- 20:01SPEAKER_02: on your platform when I've already been building for,
- 20:04SPEAKER_02: we're getting on to like 20 years on Instagram, you know?
- 20:06SPEAKER_02: So like, that's,
- 20:08SPEAKER_02: you know,
- 20:08SPEAKER_02: I'm always like,
- 20:09SPEAKER_02: I'm very cautious to say a new platform could take off because I'm just like,
- 20:15SPEAKER_02: the market is so saturated.
- 20:18SPEAKER_02: And like,
- 20:19SPEAKER_02: if you are going to make a splash or if you are going to make a den,
- 20:23SPEAKER_02: it's going to be slowly over time and not like, we're back, join us, you know?
- 20:28SPEAKER_02: But yeah, I'm curious what you think and your journey with MySpace, Melissa.
- 20:32SPEAKER_01: I mean, that's so funny.
- 20:34SPEAKER_01: I think like I had a MySpace, it was so like bare bones though.
- 20:37SPEAKER_01: I like kind of participated on it.
- 20:40SPEAKER_01: I think like Facebook is really the first platform,
- 20:43SPEAKER_01: social platform for me that like I think, I mean, I did have AIM, AIM.
- 20:48SPEAKER_01: I think that that was like maybe like the first internet thing
- 20:52SPEAKER_01: that was like community driven that,
- 20:56SPEAKER_01: That and then my cell phone, that was like a Nokia whatever.
- 21:02SPEAKER_01: That was my intro into it.
- 21:04SPEAKER_01: And then had a MySpace profile, but then Facebook is really what I think.
- 21:08SPEAKER_01: I think it was the photo sharing option of it that lit everything
- 21:15SPEAKER_00: up.
- 21:17SPEAKER_01: I mean, I think that with anything that you launch,
- 21:22SPEAKER_01: but very much so like internet things,
- 21:24SPEAKER_01: you have to be So,
- 21:28SPEAKER_01: I think that, like,
- 21:34SPEAKER_01: if I'm making, like,
- 21:35SPEAKER_01: a pros and cons or, like,
- 21:37SPEAKER_01: just pros and then challenges, maybe,
- 21:39SPEAKER_01: maybe it's not cons, but, like,
- 21:41SPEAKER_01: I think that,
- 21:42SPEAKER_01: like, things that come to mind for me with MySpace, like, I think one...
- 21:47SPEAKER_01: Like, can people even log in?
- 21:48SPEAKER_01: Can you access your MySpace anymore?
- 21:50SPEAKER_01: Like, if you had a profile?
- 21:51SPEAKER_00: I don't think so.
- 21:52SPEAKER_00: I think, like, the only...
- 21:54SPEAKER_00: I've seen, like,
- 21:55SPEAKER_00: floating around people who took,
- 21:57SPEAKER_00: like, screenshots of, like, Kim Kardashian and Paris Hilton's old MySpace accounts.
- 22:03SPEAKER_00: Yeah.
- 22:04SPEAKER_00: When they were, like, clubbing and Kim was Paris' assistant.
- 22:09SPEAKER_00: And that's it,
- 22:11SPEAKER_00: but I don't believe you can access the site,
- 22:14SPEAKER_00: but I will fact check myself when we post this.
- 22:18SPEAKER_01: I mean, I think that, like, as Megan said, right, like,
- 22:22SPEAKER_01: if you have already invested all this time and then it goes away,
- 22:26SPEAKER_01: it feels, like, ephemeral.
- 22:28SPEAKER_01: It doesn't feel like I'm really, like,
- 22:30SPEAKER_01: building a foundation of anything,
- 22:33SPEAKER_01: especially when there's all these other platforms that have come in.
- 22:37SPEAKER_01: There's also, like, I think there's two ways to go about it.
- 23:02SPEAKER_01: You could almost start it up, honestly, given nostalgia, analog, and whatever.
- 23:07SPEAKER_01: I think there's a version of it where it's almost like going back to
- 23:12SPEAKER_01: an old internet sort of space.
- 23:14SPEAKER_01: And that seems really interesting and compelling to me,
- 23:17SPEAKER_01: simplifying,
- 23:19SPEAKER_01: making it a platform that maybe does behave how platforms used to,
- 23:23SPEAKER_01: and it's not all about You know,
- 23:25SPEAKER_01: this sick,
- 23:27SPEAKER_01: let's launch video and suck you in until your eyeballs roll out of your brain.
- 23:31SPEAKER_01: Maybe there's a way to rethink the internet and like harken back to a time
- 23:36SPEAKER_01: that was healthier for like, you know, whatever.
- 23:41SPEAKER_01: You come up with a completely new approach that is of the moment,
- 23:47SPEAKER_01: of like,
- 23:48SPEAKER_01: this is what people need,
- 23:50SPEAKER_01: this is what's missing,
- 23:51SPEAKER_01: and we are solving for this,
- 23:52SPEAKER_01: and this is what we have that these other platforms don't have.
- 23:55SPEAKER_01: You know, again,
- 23:55SPEAKER_01: I feel like I'm in this mode and it's just come up on these, like,
- 23:59SPEAKER_01: Substack lives where I do start to, like,
- 24:01SPEAKER_01: boil platforms down and I'm like, okay, like,
- 24:04SPEAKER_01: as I said earlier,
- 24:05SPEAKER_01: you know,
- 24:05SPEAKER_01: Instagram, we are for photographers, you know, Substack, we are for writers.
- 24:11SPEAKER_00: Reddit, we are for discourse.
- 24:13SPEAKER_01: Like, what would the MySpace be?
- 24:16SPEAKER_01: Like, what are we, what do we stand for?
- 24:18SPEAKER_01: Like, what are we about?
- 24:19SPEAKER_01: Like, what are we for?
- 24:20SPEAKER_01: You know,
- 24:20SPEAKER_01: and I think that,
- 24:22SPEAKER_01: I think that,
- 24:23SPEAKER_01: you know,
- 24:23SPEAKER_01: in the pros,
- 24:26SPEAKER_01: like, they have, like, people know of them, like, the name brand recognition.
- 24:31SPEAKER_01: I think there are people who are, like, you know, who were on it and, like, loved it.
- 24:39SPEAKER_01: Also, is it like, is it like, is it like the platform for Gen X?
- 24:43SPEAKER_01: Like maybe it's a, you know, I don't know.
- 24:45SPEAKER_01: Like maybe, I guess millennial.
- 24:51SPEAKER_01: I don't know.
- 24:51SPEAKER_01: So that's my like.
- 24:53SPEAKER_02: Yeah, I feel like what you're saying though makes me think that it has more value as
- 24:57SPEAKER_02: a meme brand than it does as an actual platform that like functions and does stuff.
- 25:05SPEAKER_02: Like I would almost,
- 25:06SPEAKER_02: it's almost like you might make one But like,
- 25:10SPEAKER_02: I don't know if you're going to be, it's like a nostalgia play.
- 25:13SPEAKER_02: You know what I mean?
- 25:14SPEAKER_01: Exactly.
- 25:15SPEAKER_01: Yeah.
- 25:17SPEAKER_02: It's not going to be a place where you spend time.
- 25:20SPEAKER_00: And I think to your point, Megan,
- 25:22SPEAKER_00: I think the people who used to be on,
- 25:24SPEAKER_00: you know,
- 25:26SPEAKER_00: the millennials who had MySpace when they were in middle
- 25:30SPEAKER_00: and high school now have careers and families and don't have time to code
- 25:37SPEAKER_00: a MySpace page and rank their friends every day.
- 25:43SPEAKER_00: I feel like a play that could work But I feel like might be fickle and like make
- 25:49SPEAKER_00: a splash in the beginning,
- 25:50SPEAKER_00: but I don't know how sustained it could be,
- 25:53SPEAKER_00: is like the Gen Alphas and like young Gen Zs who Yearn for early internet,
- 26:01SPEAKER_00: a time they've never experienced,
- 26:02SPEAKER_00: but like they see the old screenshots of things floating around
- 26:06SPEAKER_00: and they hear millennials talk about MySpace who yearn for like analog,
- 26:11SPEAKER_00: but also want to be online at the same time if it could be like a place
- 26:18SPEAKER_00: for both needs to feel like they're being met.
- 26:21SPEAKER_00: Within Gen Z.
- 26:22SPEAKER_00: But I feel like it might make a splash for like a week and hold their attention and
- 26:26SPEAKER_00: then they could move on.
- 26:29SPEAKER_02: Radical, but I almost think that they should capitalize...
- 26:32SPEAKER_02: Building off of what you're saying, this sparked an idea for me.
- 26:36SPEAKER_02: They should capitalize on the millennial nostalgia and...
- 26:40SPEAKER_02: Actually make it for Gen Alpha kids and something for them to do with their parents.
- 26:47SPEAKER_02: And literally it's like,
- 26:48SPEAKER_02: I'm not going to give you access to the whole internet,
- 26:50SPEAKER_02: but let's create MySpace and introduce it piecemeal.
- 26:56SPEAKER_02: Because I think something that MySpace also,
- 26:58SPEAKER_02: the larger philosophy behind it was make the internet yours and don't just accept
- 27:04SPEAKER_02: the internet as it is, but try to shape it how you would like to see it.
- 27:08SPEAKER_02: And I feel like that could be a great platform for kids to like learn
- 27:11SPEAKER_02: about media literacy and how technology works and like the fundamentals of coding
- 27:17SPEAKER_02: and search.
- 27:17SPEAKER_02: And like if they wanted to cater it to be kind of like a kid friendly,
- 27:21SPEAKER_02: like use the nostalgia play to market to parents as like a kid friendly thing.
- 27:26SPEAKER_02: That could be interesting.
- 27:28SPEAKER_00: And also maybe like teach kids the etiquette of being a person.
- 27:33SPEAKER_00: Yeah.
- 27:35SPEAKER_00: A thousand percent.
- 27:39SPEAKER_00: I sat one of my younger cousins down because he was posting to Instagram
- 27:44SPEAKER_00: and I was like, this account could live with you for the rest of your life.
- 27:49SPEAKER_00: You can't be acting like this.
- 27:50SPEAKER_00: You're a 13-year-old boy and there's no foresight here.
- 27:56SPEAKER_00: And I literally gave him rules.
- 27:58SPEAKER_00: And I was like, this is how you act online.
- 28:01SPEAKER_00: Yeah.
- 28:02SPEAKER_00: It worked.
- 28:03SPEAKER_01: Yeah.
- 28:05SPEAKER_01: Can I ask you guys a question, even just stepping back for a second?
- 28:09SPEAKER_01: How would you talk about,
- 28:12SPEAKER_01: like, even the way we're talking about MySpace, like, Tumblr comes to mind for me.
- 28:16SPEAKER_01: And I just wonder, like,
- 28:18SPEAKER_01: how do you guys view Tumblr in relation to MySpace and, like, comparative contrast?
- 28:24SPEAKER_01: And, like, would you bring Tumblr back?
- 28:27SPEAKER_01: And if you did, how would you do it?
- 28:28SPEAKER_01: Tumblr never left.
- 28:29SPEAKER_02: Tumblr is like a dead mall where it's still there if you want to go.
- 28:34SPEAKER_02: And I do go sometimes.
- 28:36SPEAKER_02: You do?
- 28:37SPEAKER_02: Yeah.
- 28:38SPEAKER_02: My issue is that all the people who I used to follow or the equity I had built up in
- 28:44SPEAKER_02: the platform is kind of like a ghost town.
- 28:47SPEAKER_02: So I would have to do so much rediscovery,
- 28:49SPEAKER_02: refinding, all of this stuff that I just don't feel like doing.
- 28:54SPEAKER_02: So it's like a place where I'll go check things out and then I'm there by myself.
- 29:01SPEAKER_02: You know what I mean?
- 29:01SPEAKER_02: There's nothing there.
- 29:03SPEAKER_02: It's like a museum.
- 29:03SPEAKER_02: I can go look at stuff, but it's a very solo experience.
- 29:07SPEAKER_02: So I think for Tumblr to come back, I think we're going to have another website era.
- 29:12SPEAKER_02: I think if I had the time and space,
- 29:15SPEAKER_02: we're going to go back to,
- 29:16SPEAKER_02: remember when Beyonce,
- 29:17SPEAKER_02: it was someone's birthday and she would change her website to be them?
- 29:21SPEAKER_02: We're going to go back to websites having a thing that makes you want
- 29:24SPEAKER_02: to visit them every single day.
- 29:26SPEAKER_02: Like that used to be a thing where I'm like, let me go see what they're doing.
- 29:29SPEAKER_02: And I would like type in a website because they were always changing the homepage
- 29:32SPEAKER_02: and I wanted to see what new was happening.
- 29:34SPEAKER_02: So I think that era is coming as soon as people figure out like that's what needs
- 29:39SPEAKER_02: to happen for us to continue investing in like websites and things like that in
- 29:45SPEAKER_02: a way.
- 29:46SPEAKER_02: But I don't think it's going to be so MySpace is relaunching.
- 29:49SPEAKER_02: Like I think people are going to decentralize.
- 29:52SPEAKER_02: So the idea of another platform coming in and be like,
- 29:54SPEAKER_02: let us be another conduit between you and your core consumer.
- 29:57SPEAKER_02: I just am like, no, that's just not the value add people are looking for right now.
- 30:02SPEAKER_02: It's just not the need people have.
- 30:05SPEAKER_01: It's funny to hear you say that, Megan.
- 30:07SPEAKER_01: Well, first of all, I love the comparison of the Tumblr and like a dead mall.
- 30:11SPEAKER_01: Like that is hilarious.
- 30:15SPEAKER_01: That actually is kind of what it feels like when you start a new platform too.
- 30:21SPEAKER_01: I feel like sometimes even,
- 30:22SPEAKER_01: I mean, we've now been on Substack now for like three years or more.
- 30:28SPEAKER_01: And at the beginning it felt like, hi.
- 30:32SPEAKER_01: And then it really is that really like discomfort that you have to like,
- 30:37SPEAKER_01: you have to like see it through, you know?
- 30:39SPEAKER_01: And, you know, so.
- 30:45SPEAKER_01: The thing is, though,
- 30:46SPEAKER_01: when I think I agree with you and I feel like Emma and I have definitely,
- 30:50SPEAKER_01: I think we've all been in alignment, like owned platforms.
- 30:52SPEAKER_01: We're going to like, but it feels like it hasn't happened yet.
- 30:57SPEAKER_01: Like, I feel like we had that take like two years ago,
- 30:59SPEAKER_01: you know, and it's just interesting to me.
- 31:01SPEAKER_01: I agree with you.
- 31:03SPEAKER_01: I'm just surprised it hasn't happened sooner.
- 31:07SPEAKER_01: You know what I mean?
- 31:07SPEAKER_01: I don't know.
- 31:09SPEAKER_02: I mean, it's why Bezos is doing what he's doing and obscuring his data.
- 31:13SPEAKER_02: Like, I think it is happening,
- 31:15SPEAKER_02: but the people it's happening among are, like, not cool and interesting.
- 31:19SPEAKER_02: So they're doing it in very tactical ways,
- 31:20SPEAKER_02: like Bezos,
- 31:21SPEAKER_02: where it's like,
- 31:23SPEAKER_02: we own shopping and we're not going to cede any information that we don't have to
- 31:28SPEAKER_02: to anybody else because we want to own all of your shopping history,
- 31:33SPEAKER_02: all of your shopping searches, all of your you may also like.
- 31:36SPEAKER_02: We want to own that.
- 31:38SPEAKER_02: So I think right now the only people who can afford to be sticklers
- 31:42SPEAKER_02: about their own platforms are the people who are massive.
- 31:46SPEAKER_02: But I think we're going to get to a point where some people can't afford not to anymore.
- 31:51SPEAKER_02: And I think it's coming.
- 31:53SPEAKER_02: It's coming.
- 31:54SPEAKER_02: I told you to never give that up because I believed in it so much.
- 31:58SPEAKER_00: And I think it's slowly happening.
- 32:00SPEAKER_00: I feel like a lot of times when I'll discover an internet cool girl on TikTok,
- 32:05SPEAKER_00: I'll click to her profile and I feel like now at least 50% of the time she has
- 32:09SPEAKER_00: a Substack or a newsletter or a blog now.
- 32:14SPEAKER_00: And I feel like because people feel the need to gatekeep again a little bit because...
- 32:24SPEAKER_00: Yes.
- 32:25SPEAKER_00: Like content thieves or, you know, running rampant.
- 32:30SPEAKER_00: And I feel like they feel like they need to have some sort of a barrier now,
- 32:35SPEAKER_00: even if it's just like the inconvenience of clicking on somebody's link
- 32:40SPEAKER_00: in their profile.
- 32:42SPEAKER_01: Yeah.
- 32:42SPEAKER_01: I wonder,
- 32:43SPEAKER_01: I think what where my mind goes to is just like, I mean,
- 32:49SPEAKER_01: so much of I feel like what disrupted The progress
- 32:54SPEAKER_01: of individuals creating websites were social platforms
- 32:58SPEAKER_01: because they just overtake search.
- 33:02SPEAKER_01: You know what I mean?
- 33:03SPEAKER_01: If you Google someone's name,
- 33:04SPEAKER_01: the first thing that's going to come up is their Instagram profile.
- 33:08SPEAKER_01: It's going to be their TikTok.
- 33:10SPEAKER_01: It's like all of that.
- 33:12SPEAKER_01: And so it's just what comes to mind for me.
- 33:16SPEAKER_01: It's like as search is now disrupted by AI, Does that sort of change the game?
- 33:24SPEAKER_01: You know what I mean?
- 33:24SPEAKER_01: Like, I think it's like, how do you, what are the mechanisms of discoverability?
- 33:29SPEAKER_01: Like if you are making your own site and like,
- 33:33SPEAKER_01: how do you sort of get people,
- 33:35SPEAKER_01: like if the goal is to have traffic and people go there often,
- 33:38SPEAKER_01: like how do you sort of accomplish that?
- 33:40SPEAKER_01: You know, I don't have the answer.
- 33:41SPEAKER_02: Well, I think this is, I think this is a shift in what you're saying.
- 33:44SPEAKER_02: I think like You talk about training the consumer,
- 33:47SPEAKER_02: and I think that smart brands are going to start training the consumer
- 33:51SPEAKER_02: to seek them out versus wait for them to come to them.
- 33:54SPEAKER_02: Like, I think that the move is going to be more of, like,
- 33:58SPEAKER_02: training someone and rewarding them for coming to you,
- 34:01SPEAKER_02: visiting your website,
- 34:03SPEAKER_02: and less sending out an email and being like, come see me, come see me, come see me.
- 34:06SPEAKER_02: Because that's a form of gatekeeping, of, like,
- 34:09SPEAKER_02: we're going to just attract the people we want to attract,
- 34:12SPEAKER_02: and we're not going to seek out anybody else,
- 34:14SPEAKER_02: and then we're going to reward the people who we want coming to us to,
- 34:17SPEAKER_02: like, reinforce that behavior in a more long-term way than immediate.
- 34:21SPEAKER_02: It's kind of what we were talking about with Audrey of, like,
- 34:24SPEAKER_02: I'm able to get a message out to tons of people via flyers versus I have people
- 34:28SPEAKER_02: who are checking to see for what I'm saying.
- 34:31SPEAKER_02: Yeah.
- 34:32SPEAKER_00: Yes.
- 34:32SPEAKER_00: I think a good example of that is something I experienced this morning.
- 34:37SPEAKER_00: I am on the record as a huge Devon Lee Carlson fan.
- 34:42SPEAKER_00: And I'm also on the record.
- 34:46SPEAKER_00: She is like my ultimate cool girl and does influence me.
- 34:50SPEAKER_00: Like, legit.
- 34:52SPEAKER_00: I feel like you kind of look like her.
- 34:54SPEAKER_00: Like, you guys could play sisters in a movie.
- 34:57SPEAKER_00: I agree.
- 35:01SPEAKER_00: I'm also a big Frankie's Bikini fan.
- 35:05SPEAKER_00: Every weekend, I'm at the beach.
- 35:08SPEAKER_00: Their bikinis are expensive, but they're good quality, I will say.
- 35:12SPEAKER_00: And I feel comfortable in the ocean with them, in the Northeast Ocean.
- 35:16SPEAKER_00: That's saying something.
- 35:19SPEAKER_00: And they released their collab this morning.
- 35:22SPEAKER_00: And obviously I'm a fan of both of them.
- 35:24SPEAKER_00: I am on the Frankie's Bikini email list.
- 35:29SPEAKER_00: And because I was on their email list, I got early access to her collection with them.
- 35:37SPEAKER_00: And I had to, that was just like me always being on the hunt for discounts.
- 35:42SPEAKER_00: And I got rewarded.
- 35:44SPEAKER_00: And it's like, as soon as it dropped, things like sold out.
- 35:50SPEAKER_00: So that was a little my fandom paid off for me and paid off for them because they got my money.
- 35:58SPEAKER_00: But OK, I love this conversation.
- 36:01SPEAKER_00: OK, this is this final topic.
- 36:04SPEAKER_00: We definitely don't have to deep and I feel like it's still kind of developing online.
- 36:09SPEAKER_00: But I think it's interesting for us to chat about it for a little bit.
- 36:13SPEAKER_00: And this is the OpenAI brand trip that just happened this past weekend.
- 36:22SPEAKER_00: So in case you missed it,
- 36:23SPEAKER_00: OpenAI, the creators of ChatGPT, did their first ever influencer brand trip.