What #Hashtags on Facebook Mean for Twitter
With Facebook jumping on the hashtag bandwagon… the major platforms (LinkedIn, Instagram, Tumblr, Pinterest) now all have a feature that was once exclusive to Twitter.
Hashtags play an important purpose of categorizing conversations and connecting people to generate shared experience. The pound symbol was once something strictly associated with landline telephone and now is everywhere you turn. At the largest scale, these shared experiences are: current events, sports, TV shows. Just check your social feeds before, during, and after the Superbowl or Game of Thrones.
Twitter’s brand link to the hashtag is for sure the strongest, but it is not the only place where we turn to discuss the world’s happenings as they unravel. 65M+ social interactions occurred surrounding this year’s Oscars on Facebook. The difference there is that these conversations have limited public visibility depending on a user’s privacy settings.
The intro of hashtags to Facebook won’t change the issue of privacy restrictions but will definitely help organize conversations with your friends and connect you to those with open profiles via Graph Search.
My gut is saying that this new feature will start to cannibalize the volume of conversation happening on Twitter. Twitter is a great platform and will still play an important role in the social ecosystem given its open nature; however Facebook’s edge with the number of users and the fact that those users are typically more comfortable with the platform than people are with Twitter will start to eat away at Twitter’s dominance for events. Overtime, this will be a real challenge for Twitter to stay relevant.
Time will tell but once hashtags are rolled out Facebook-wide, there will be new wave of people using hashtags for the first time who never ventured onto Twitter.
It will also eventually be an opportunity for Facebook to develop a monetization strategy around conversations; which would give Twitter’s ad suite some strong competition around real-time events. Brands using hashtags as part of their integrated marketing efforts (Like Bud’s #MakeItPlatinum) will reap the benefits of being able to increasingly measure and participate in conversations happening on Facebook.
I’m interested to see how this plays out for both sides. #GoodLuck