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Amplifying the Voice of Nigerian Moral Entrepreneurs in the Age of Toxic Election Campaign

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Election campaigns serve as a crucial period for political parties and candidates to engage with the electorate and convey their vision and promises. In Nigeria, as in many other countries, media platforms have become instrumental in shaping public opinion during election campaigns.However, recent research conducted by The Center for Research on Development of African Media, Governance and Society and The Positive Agenda Nigeria (now PANSOR Development Initiative) reveals concerning trends of personality attacks and the spread of misinformation by political stakeholders, particularly on Twitter.

Amidst this backdrop, our analyst explores  the role of moral entrepreneurs and the media’s responsibility in amplifying their voices to promote a healthier campaign environment using the same newspapers (Daily Post, The Punch, Vanguard, The Guardian, The Nigerian Tribune and Sahara Reporters) the two organisations used as data sources.

Analysis reveals that the newspapers only gave moral entrepreneurs such as police, civil society organisations, non-governmental organisations, community and religious leaders little space to chide the stakeholders regarding their behaviours that contravened  Electoral Act and campaign guidelines at the beginning of the campaign. However, the space increased at the end of the campaign period.

Our analyst notes that media, comprising both traditional and new platforms, plays a critical role in shaping public discourse and influencing the narrative during election campaigns. It possesses immense power to disseminate information, challenge harmful narratives, and promote ethical conduct among political stakeholders. However, the research findings indicate a missed opportunity during the early stages of the campaign, where mainstream newspapers allocated minimal space for moral entrepreneurs to caution the stakeholders regarding their behaviours that violated Electoral Act and campaign guidelines. This lack of coverage, according to our analyst, potentially contributed to the perpetuation of toxic campaign atmosphere.

Nevertheless, as the campaign period progressed, the media gradually recognized the importance of amplifying the voice of moral entrepreneurs. Increased coverage was observed, reflecting a shift toward highlighting the concerns and messages of police, civil society organizations, non-governmental organizations, community leaders, and religious figures. This positive development reflects the media’s growing recognition of its role as a facilitator of public accountability, encouraging stakeholders to adhere to existing electoral guidelines.

Implications for State and Non-State Actors
The findings of this research carry significant implications for both state and non-state actors involved in Nigeria’s political and electoral institutions.

Strengthening Democracy: The media’s commitment to providing a platform for moral entrepreneurs to voice their concerns reinforces democratic values. By increasing the visibility of responsible actors, the media assists in fostering a healthy political environment that prioritizes issue-based debates and constructive dialogue.

Combatting Misinformation: The media’s expanded coverage of moral entrepreneurs can effectively counter the spread of misinformation and disinformation during election campaigns. By providing accurate information and fact-checking false claims, the media acts as a vital source of trustworthy news, contributing to an informed electorate.

Promoting Accountability: The media’s role in amplifying the voice of moral entrepreneurs encourages greater accountability among political stakeholders. When politicians and parties are aware that their actions and statements will be scrutinized and questioned, they are more likely to adhere to ethical behavior and campaign guidelines, thereby fostering transparency and integrity in the electoral process.

Fostering Civic Engagement: By showcasing the efforts of moral entrepreneurs, the media motivates citizens to actively engage in the political process. When individuals witness the impact of responsible actors on campaigns, they are inspired to participate, either by voting or by becoming advocates for positive change, thereby strengthening the democratic fabric of the nation.

In Nigeria’s evolving political landscape, the media serves as a powerful catalyst for change during election campaigns. Recognizing the significance of its role, the media must prioritize the amplification of the voices of moral entrepreneurs who seek to uphold ethical conduct and accountability among political stakeholders.

By providing substantial coverage and support to these responsible actors, the media can foster a campaign environment that encourages issue-based discussions, combats misinformation, promotes civic engagement, and strengthens democratic values. As Nigeria moves forward, it is crucial for media organizations, electoral institutions, and stakeholders to collaborate in fostering an inclusive and informed electorate, thereby ensuring the growth and sustenance of a vibrant democratic system.

Threads’ Traffic Has Dropped Off As The Launch Frenzy Dies Down

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The frenzy is dying, and the numbers are dropping for Threads, Meta’s new social media platform designed as a real-time online conversation competitor with Twitter.

Threads has seen record-breaking signups since it was launched more than a week ago. The text-based platform became the first to reach 100 million users within days after launch, rattling Twitter owner Elon Musk, who threatened to sue Meta for stealing his company’s “trade secrets and other intellectual property.”

“The Threads launch really did ‘break the internet,’ or at least the Sensor Tower models,” Anthony Bartolacci, managing director at Sensor Tower, a marketing intelligence firm, told CNBC. “In the 10-plus years, Sensor Tower has been estimating app installs, the first 72 hours of Threads was truly in a class by itself.”

The pace of Threads’ growth sparked the belief that the Instagram-based platform will surpass Twitter’s 400 million user base within a short time. However, the frenzy that riled up the numbers is waning, resulting in some dropoff in growth and engagement on the platform.

Bartolacci added that Sensor Tower data suggests a significant pullback in user engagement on Threads on Tuesday and Wednesday, with the number of daily active users tanking about 20% from Saturday, and the time spent for users was down 50%, from 20 minutes to 10 minutes.

“These early returns signal that despite the hoopla during its launch, it will still be an uphill climb for Threads to carve out space in most users’ social network routine,” Bartolacci said. “The backing of Meta and the integration with Instagram likely gives Threads a much higher flood than other services, but it will need a more compelling value proposition than simply ‘Twitter, but without Elon Musk.’”

Threads was not developed to be a standalone platform. It is dependent on Instagram; the picture and short-form video platform of Meta with about 500 million users.

The drop in its engagement numbers was also confirmed by data from Similarweb, a digital data and analytics company. Similarweb noted that Threads saw a dropoff of more than 25% in daily active users between its July 7 peak and Monday, July 10 for Threads users on Android phones worldwide.

According to data from Similarweb, the usage time of the app decreased significantly, with the average time spent by U.S. users dropping from approximately 20 minutes on July 6 to slightly over 8 minutes on July 10, representing a decline of more than half.

“We did see engagement drop somewhat over the weekend, and on Monday we estimate Threads had 36.6 million active users on Android,” David Carr, senior insights manager at Similarweb, told CNBC, adding, “While there was intense interest in checking out the app initially, not every user has made a habit of visiting Threads as often as they might other social apps.”

Threads was launched on July 5, making it premature to judge its future by current user metrics. But compared to other platforms whose growth was rated as superfast, the Twitter’s competitor is believed to have an edge over others in the competition. Based on internal company data viewed by The Verge, within just one day of its launch, Threads had already accumulated over 95 million posts and 190 million likes posted by users – serving advertisers irresistible bait.

Before Threads showed up, OpenAI’s ChatGPT was the fastest-growing platform with a record 100 million signups within two months after launch. Similar social media platforms are taking longer to reach the threshold, leaving them with minimal short-term ad revenue potential.

However, Threads’ services may pose a challenge to its potential to win the competition with Twitter. Adam Mosseri, the head of Instagram and Threads at Meta, has made it clear that news and politics will not be given priority on the new platform. As a result, it may not fully satisfy power users seeking a direct replacement for Twitter, where these topics are often prevalent.

“Politics and hard news are inevitably going to show up on Threads – they have on Instagram as well to some extent – but we’re not going to do anything to encourage those verticals,” Mosseri wrote on Threads.

While Threads has in the early days shown the potential to steal users from Twitter, whose traffic was reportedly down 5%, in the first couple of days of peak Threads activity, maintaining the momentum depends much on offering Twitter migrants the kind of services they were used to. Some of the missing features on Threads noted by Similarweb’s Carr are hashtags and topical search.

However, Twitter’s CEO early this week, dismissed the report that the company is recording drops in traffic.

“Don’t want to leave you hanging by a thread but Twitter, you really outdid yourselves! Last week we had our largest usage day since February. There’s only ONE Twitter. You know it. I know it,” she tweeted.

The intense competition between Twitter and Threads will be defined by many factors in the future – but the number of users will lead the pack.

Meta CEO Mark Zuckerberg said following Twitter’s failure to rack up numbers that his goal is to develop a real-time online conversation platform with 1 billion users.

Jasmine Enberg, principal analyst at Insider Intelligence, said “Meta only needs 1 in 4 Instagram users to use Threads monthly for it to be as big as Twitter.”

Societal and Economic Impacts of Personalized Finance

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Personalized finance is the practice of tailoring financial products and services to the individual needs and preferences of customers. It is enabled by advances in data analytics, artificial intelligence, and digital platforms that allow for more granular segmentation and customization of financial offerings. Personalized finance has the potential to transform the financial industry and society in various ways, such as:

Improving financial inclusion and access. Personalized finance can lower the barriers to entry and reduce the costs of providing financial services to underserved segments of the population, such as low-income households, women, minorities, and rural residents. By offering more relevant and affordable solutions, personalized finance can help these groups overcome the challenges of financial illiteracy, lack of trust, and discrimination that often prevent them from accessing formal financial systems.

Enhancing financial well-being and literacy. Personalized finance can empower customers to make better financial decisions and achieve their goals, by providing them with more personalized information, education, guidance, and feedback. For example, personalized finance can help customers optimize their budgeting, saving, investing, borrowing, and spending habits, based on their income, expenses, risk profile, preferences, and life stage.

Fostering innovation and competition. Personalized finance can stimulate the development of new and improved financial products and services that cater to the diverse and evolving needs of customers. By leveraging data and technology, personalized finance can enable more efficient and effective matching of supply and demand in the financial market, creating more value for both providers and customers. Personalized finance can also increase the competition among financial providers, by lowering switching costs and enhancing customer loyalty.

Creating new opportunities and challenges for regulation and policy. Personalized finance can pose new opportunities and challenges for regulators and policymakers who aim to ensure the stability, security, fairness, and transparency of the financial system. On one hand, personalized finance can enhance the resilience and efficiency of the financial system, by reducing information asymmetry, moral hazard, adverse selection, and systemic risk.

On the other hand, personalized finance can raise new issues related to data privacy, security, ownership, consent, bias, discrimination, accountability, and liability. Regulators and policymakers need to balance the benefits and risks of personalized finance, by establishing clear and consistent rules and standards that protect the interests of customers and providers alike.

Privacy and security concerns, as consumers may have to share sensitive personal and financial data with third-party providers, which could expose them to data breaches, identity theft, or fraud.

Ethical and regulatory issues, as personalized finance may raise questions about fairness, discrimination, transparency, accountability, and consumer protection. Behavioral and psychological biases, as consumers may be influenced by cognitive limitations, emotional factors, or social norms that could affect their financial choices and outcomes.

Social and economic implications, as personalized finance may have unintended consequences for the distribution of wealth, income, and opportunities across different groups and regions.

Therefore, personalized finance is a complex and dynamic phenomenon that requires careful analysis and evaluation from multiple perspectives. It is important to understand its potential benefits and drawbacks, as well as its implications for society and the economy. By doing so, we can harness the power of personalized finance to create a more inclusive, efficient, and sustainable financial system for everyone.

Why Meta’s Threads User Engagement Is Fading, The Power of First-Scaler Advantage

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When I wrote this piece, making a case that text-based Threads may not do well because most of its native Instagram users are photo-first users, many called me “pro-Musk”, instead of focusing on the thesis of my piece.

Today, early data is showing that my call may be right: “Meta’s Twitter-like platform Threads, has recently recorded a decline in user engagement and daily active users days after its launch. According to data from Sensor Tower, the platform saw a 20% decline in daily active users and a 50% reduction in time spent within a week of a record-breaking 100 million sign-ups.”

Speaking on the decline in user engagement on Threads, the managing director at Sensor Tower, Anthony Bartolacci said,

“The Threads launch really did break the internet, or at least the sensor Tower models. In the 10-plus years, Sensor Tower has been estimating app installs, the first 72 hours of Threads was truly in a class by itself.

“These early returns signal that despite the hoopla during its launch, it will still be an uphill climb for Threads to carve out space in most users’ social network routine. The backing of Meta and the integration with Instagram likely gives Threads a much higher flood than other services, but it will need a more compelling value proposition than simply ‘Twitter, but wiFirsthout Elon Musk”.

In my note when everyone was singing the praises of Threads, I wrote “As an investor, I will not invest in the fact that Threads has 200 million users because it does not.” 

Good People, it is a first-scaler advantage and winner-take-all. Text-based microblogging has been won by Twitter. Instagram natives cannot match that, just like LinkedIn cannot add photo-sharing and expect us to migrate to sharing photos. For Meta to compete against Twitter, it goes beyond having just “users”, you need the right users – and those are people who like to write.

I was a Library prefect in secondary school, it was a lot of work to coordinate the school for debates. There, you understand that it was not about being grammar-smart, it was about being aware, to score points before judges. Suddenly, tactics win because you need to give judges points in styles to get points. The same applies to social media; it is about the styles your users prefer: photo, video, text, etc. Most times, you cannot swap those.

A first-mover advantage can be simply defined as “a firm’s ability to be better off than its competitors as a result of being first to market in a new product category”. The first scaler advantage is the advantage which comes to a firm for being  the first to become extremely popular and ubiquitous by scaling its services in a category.

But note this: the greatest companies in the world are known for one thing: great products. Interestingly, all great products are known by customers. That typically comes because they are well scaled. Extrapolate, you’re talking of  first-scaler advantage, a leverageable compounding competitive advantage which comes with economies of scale as a result of being the first company to achieve scale in that category and improve marginal cost, offering products at highest value and best optimized cost.

Meanwhile, Twitter has started paying creators.

Elon Musk’s company, which is being sued for allegedly not paying some $500 million in severance owed to former employees, began sending out payments this week. But the recipients weren’t the former employees but, rather, influencers and creators who Musk is rewarding for posting on the platform. Many of the recipients who claimed to have received payouts from Twitter live on the far-right side of the spectrum. Andrew Tate, who is being investigated in Romania for allegations of rape and human trafficking, said he received $20,000 from Twitter. (Fortune Newsletter)

Comment on Feed

Comment 1: Ndubuisi, your analysis raises an interesting point. If a prominent platform like Instagram, with its photo-first user base, struggles to compete with Twitter’s text-based microblogging, it begs the question: who else can pose a significant challenge to Twitter’s dominance?

It seems like finding the right user base, those who enjoy writing, is crucial for any platform aiming to take on Twitter. I wonder if we will ever witness a worthy competitor emerge in the socio-microblogging space.

My Response: They have the resources to get those users. If they drop $20k to top 20k users of Twitter, they can create a tribe of text-writers there at Threads. At 200m daily users, Threads could generate $8 billion in annual revenue. So, it is a good math.

Threads engagement cools off. The debut of Meta’s Threads may have been unprecedentedly explosive, but the dust has already started to settle. According to a CNBC report, marketing intelligence firms think the Twitter lookalike’s number of daily active users fell by 20-25% between Saturday last week and Tuesday and Wednesday this week, and one (Sensor Tower) said the time the average user was spending on the platform each day had halved to 10 minutes. (Fortune newsletter)

Comment 2: Twitter thrives on its active community, which fuels the spread of words like wildfire through tweets and retweets. Meanwhile, Instagram users prefer dazzling visuals as their mode of expression. Meta smartly tried to move Instagram users onto Threads, the majority of whom are those who aren’t big on words. Matching up to Twitter’s energy, let alone overthrowing it, will require substantial effort.

Comment 3: I completely agree. I never got fascinated about Threads and didn’t make an attempt to download it. Each of the SM networks have built unique communities of users in and around them. Scalability should check the pulse of users to win all. Thanks Prof. Ndubuisi Ekekwe for your business insights and thought leadership.

Comment 4: Spot on Prof!

The hype is already fizzling out. Curiosity got the better of many SM users and the excitement to join what is presently trending is fading. I am not one that follows a popular trend and I am on Twitter more than on Instagram (visit there once in 2 weeks).
But Meta can focus on e-commerce as so many deals go down on Instagram instead of going after Elon

Comment 5: My erudite professor of an Eastern descent. I never thought you less wiser. In fact, not interfacing with your piece in a day is akin to not visiting my LinkedIn page in a day.

Yes! First scaler advantage has a lot to do with swift propagation and leading advantage in competitive businesses. But of more importance is establishing businesses with commercial intercourse. Meta will definitely never do well in micro blogging business even with the massive followers as the initial turnout towards Threads is basically out of curiosity and not interest in particular. But Meta getting involved in an e-commerce or payment platform venture could do a lot better, even beyond the first timers in the businesses due to the commercial intercourse or alignment with the nature of Instagram and Facebook businesses, which have a lot to do with buying, selling and rendering of services.

My little thinking sir.

Comment 6: You’re spot on. Evidently Elon Musk understood this too which was why he invested U$D44B instead spending a fraction of that amount trying to clone Twitter.

I said it from the onset that the rapid user rise Threads experienced was fuelled more by curiousity than any strong fundamentals.

When it comes to micro blogging, Twitter is the absolute category King.

Aspiring Twitter killers should give up already; you don’t make something obsolete by duplicating it. Unfortunately for Meta, they’re not known for innovation as much as copycatism. For Threads to thrive they must create a compelling differentiated element of microblogging.

Threads Sees Decline in User Engagement And Daily Active Users

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Meta’s Twitter-like platform Threads, has recently recorded a decline in user engagement and daily active users days after its launch.

According to data from Sensor Tower, the platform saw a 20% decline in daily active users and a 50% reduction in time spent within a week of a record-breaking 100 million sign-ups.

Speaking on the decline in user engagement on Threads, the managing director at Sensor Tower, Anthony Bartolacci said,

“The Threads launch really did break the internet, or at least the sensor Tower models. In the 10-plus years, Sensor Tower has been estimating app installs, the first 72 hours of Threads was truly in a class by itself.

“These early returns signal that despite the hoopla during its launch, it will still be an uphill climb for Threads to carve out space in most users’ social network routine. The backing of Meta and the integration with Instagram likely gives Threads a much higher flood than other services, but it will need a more compelling value proposition than simply ‘Twitter, but without Elon Musk”.

Also, data from Similarweb, an Israeli-based software & data company specializing in web analytics, web traffic, and performance, showed a similar decline in Threads users’ engagement. The app saw a decline of more than 25% in daily active users between its July 7 peak and Monday for Threads users on Android phones worldwide.

Similarweb data suggested that Threads usage dropped by more than half with the average amount of time U.S. users spent on the app dropping from about 20 minutes on July 6 to just over 8 minutes on July 10.

Senior insights manager at the data company David Carr stated that while there was intense interest in checking out the app initially, not every user has made a habit of visiting Threads as often as they might other social apps.

This report is coming after Twitter CEO Linda Yaccarino downplayed the reports of Twitter’s traffic tanking, following the launch of Meta’s Threads.

The new CEO of the Microblogging app on Monday took to her Twitter handle to disclose that last week, Twitter had its biggest usage since February.

Threads has continued to make headlines since its debut, after becoming the fastest-growing app with 100 million users in under a week. The increased number of sign-ups was however expected as it is with new apps and also because several users were searching for Twitter alternatives following Musk’s continuous “unpleasant” changes on Twitter.

Meanwhile, Threads’ traffic decline in user engagement could be linked to the fact that the app is still in its early days, with several interesting features still missing on the platform. For instance, the app does not yet have a direct messaging function and lacks a desktop version that certain users, such as business organizations rely on.

The team at Meta during the launch of the app, however disclosed that in the coming months, new features will be delivered to continue to improve users’ experience.

Though Threads is off to a remarkable start, having leveraged Instagram’s social graph to quickly scale its user base and users’ social connections, the app’s long-term future is uncertain.