The way companies communicate with their customers is changing drastically, and Facebook’s head of Messenger says his company’s app creates a space for them to have a better dialogue. David Marcus joined Cheddar CEO Jon Steinberg from the WPP Stream conference in Ojai, California Friday. He points out that no one ever seems to call companies anymore. Not only is the process tedious, he says, but it’s not the way clients prefer to communicate. Marcus thinks Messenger is a more viable and effective option than even traditional texting. This push for consumers and companies to communicate via Messenger, which was created in 2011, comes at a time where communication apps are on the rise. Data research firm Statista projects that by 2019 2.19 billion people will be using mobile phone messaging. Marcus said in September that Facebook Messenger had 1.3 billion active users every month. The company’s other product, WhatsApp, has over 1 billion daily users on the platform. According to Statista, WhatsApp is the most popular option worldwide, and Messenger ranks #3. Marcus argued that the number of people choosing to communicate via Messenger continues to increase. “As a result [the app] becomes a great platform for businesses as well,” he said. He points to a survey Facebook conducted found that over 64 percent of people across demographics would prefer to communicate with a brand via a platform like Messenger. But there is a generational difference. A study by Goldman Sachs found that 34 percent of millennials like a brand more when it uses social media, but that number drops to 16 percent in individuals over 36. Facebook has sought to monetize Messenger through advertising. “We have ‘Click to Messenger’ ads … you can buy ads that direct people to opening more conversations with your brands inside of Messenger.” Integrating a system where brands and consumers can increase communication is reminiscent of Facebook’s active advertisement strategy. The tech behemoth one of the two dominant players in the advertising industry -- the other being Google. It rules display advertising with a projected market share of 39 percent this year and revenues at $16.33 billion, according to eMarketer.

Share:
More In Business
As Fed Talks Taper, Markets Take a Hit
Following the recent emergence of the Omicron variant, markets are still attempting to recover after high sell-offs over the past few days. CEO and founder of Asymmetric ETF’s Darran Schuringa reacted to the further dive in markets following Fed Chairman Jerome Powell's announcement that the central bank is discussing speeding up the taper of its bond-buying program.
Shipping Delays Could Cost Shoppers Big Fees and Long Waits This Holiday Season
Black Friday and Cyber Monday are over, but even early bird shopper could find themselves with gifts in time this holiday season due to potential delivery delays as traditional mail services such as the UPS and Fedex work to get packages from mail rooms to front doors. Kassidy Bird, Senior Director of Marketing at Convey by Project44 gives an in depth look into how savvy shoppers can navigate around potential shipping issues this holiday season.
Holiday Shopping in Focus on This Black Friday
Elizabeth Ebert, CIO Advisory Partner for CPG, Retail and Logistics at Infosys Consulting spoke to Cheddar about why this Black Friday, with increased pressure due to inventory issues, supply chain delays, and labor shortages, shelves may not be as stocked as usual this holiday season.
Omicron Spread, School Shooting & Cuomo Suspended
Jill and Carlo cover the latest on Omicron, another school shooting in America and more. Plus, bidding farewell to 'transitory' inflation, and the controversy surrounding 'Lovely Bones' author Alice Sebold.
Load More