A collection of 100 retail manufacturers with greater than 130 million mixed followers on the X platform collectively posted fewer than 850 instances within the first three weeks of July 2024, maybe confirming retail’s departure from the social community.
Elon Musk bought Twitter in April 2022, remodeling it into X and loosening restrictions round tweets, now referred to as posts.
Not everybody was happy with Musk’s modifications, and by the tip of 2022, many companies had deserted Twitter. Clothes model H&M, for instance, stopped utilizing Twitter in August 2022, leaving 7.6 million followers. Macy’s left behind its 850,000 followers when it stopped posting in November 2022, and the checklist might go on.
Number of Companies
To be taught extra about how firms had responded to Musk and X, I prompted Google’s Gemini AI to generate a listing of shops and types with X accounts. It got here up with 180 firms, however in lots of instances, it had mistaken info or repeated a enterprise — it included Warby Parker 3 times.
After eradicating the errors, duplications, and companies with fewer than 1,000 X followers, I had a pseudo-random checklist of 100 manufacturers and retailers.
Final weekend I manually recorded every firm’s X follower depend (some on July 20 and others on July 22), the date it final posted, and the variety of instances it had posted up to now in July.
- The 100 firms had a mixed whole of 130,134,761 followers.
- Fifty of the companies had posted not less than as soon as in July 2024.
- These 50 had printed a mixed 845 posts, with PlayStation accounting for 103.
- Simply 24 firms had posted 10 or extra instances in the course of the month — many social media entrepreneurs suggest six to 10 posts per day.
Just a few retail manufacturers stood out.
Chanel
Chanel had the third-largest X following of the 100 retail manufacturers, with 13.2 million. The corporate was one of many many manufacturers that left Twitter in 2022, seemingly to spite Musk.
Chanel left the X (then Twitter) platform in late 2022.
Whereas that appeared like an terrible lot of oldsters to disregard, it isn’t a lot in comparison with Chanel’s social media prowess.
Chanel’s U.S. web site hyperlinks to 4 social media platforms — Instagram, Fb, YouTube, and LinkedIn — which collectively have greater than 85 million followers.
The Dwelling Depot
The Dwelling Depot ran a “Halloween in July” marketing campaign on X. Its 24 posts garnered greater than 754,000 impressions, 4,800 likes, and 1,300 feedback from its 438,000 followers.
If every of those X impressions is value $.0.01 (one cent), The Dwelling Depot’s impressions represented simply $7,540 in worth. Relying on how a lot the corporate spent creating and publishing the content material, the natural marketing campaign could have been value it.
Magic Spoon
This high-protein cereal model final posted on X in Might 2024 and appeared to disregard the platform regardless of comparatively good engagement.
A lot of Magic Spoon’s posts skilled good engagement given the scale of the corporate’s X following.
Magic Spoon solely had 3,315 X followers however earned greater than 8,200 impressions on its final 5 X posts — 1,640 impressions on common. So practically half of the corporate’s follower depend sees every submit. If The Dwelling Depot might get an identical consequence, it might have generated 1.1 million impressions as an alternative of 754,000.
Magic Spoon’s X account was much more engaged — i.e., impressions per submit — than its a lot bigger Instagram profile.
As of July 22, 204, Magic Spoon had 407,000 Instagram followers. The corporate’s final 5 reels had generated 38,350 views, a median of seven,670 views per reel. So, one thing like 2% of its follower depend sees every Instagram submit.
PlayStation
X is a high-frequency social media platform, that means it really works greatest with frequent posts. By that commonplace, PlayStation gave the impression to be the one model on the checklist utilizing X properly.
PlayStation posts usually on its X profile with frequent movies.
For instance, Musk’s personal X profile posted 275 instances within the first 20 days of July 2024 — practically 14 posts per day. Equally, the UEFA Champions League — a European soccer affiliation with virtually 52 million X followers — posted a median of eight instances per day in July. Even India’s Prime Minister Narendra Modi, will get it, posting a median of six instances per day to his 100 million X followers.
PlayStation, by comparability, printed a median of 5 X posts a day within the first three weeks of July 2024. With greater than 38 million X followers, the model’s 5 most up-to-date posts generated virtually 1.6 million impressions in lower than 24 hours.
Almost all PlayStation’s posts are movies, which would be the platform’s best-performing format.
X by the Numbers
The X platform had 556 million month-to-month energetic customers in 2023, in accordance with Exploding Subjects.
Fb had 2.9 billion energetic customers. TikTok had barely greater than 1 billion, Pinterest had 445 million, and Meta’s X competitor, Threads, had 175 million month-to-month energetic customers after a yr of existence.
The X platform’s energetic customers are extremely engaged. Once more, in accordance with Exploding Subjects, an energetic X consumer spends 34 minutes and 48 seconds per day on the platform. Solely YouTube and TikTok have a extra engaged consumer base.
| Platform | Common Time Spent Per Day |
|---|---|
| TikTok | 45 minutes, 48 seconds |
| YouTube | 45 minutes, 36 seconds |
| X | 34 minutes, 48 seconds |
| Snapchat | half-hour, 36 seconds |
| Fb | half-hour, 6 seconds |
| half-hour, 6 seconds | |
| 23 minutes, 8 seconds |
In some ways, X has potential and will symbolize a social media advertising alternative. But when these 100 retail manufacturers are a sign, reaching a return on funding might take work.
