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Broken: Part 1 – Discovery is Broken

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Earlier this year I wrote a short series for Attention Matters called ‘So, what do these numbers really mean?’. The idea was to dive into the cultural and social history of key digital metrics to understand what they were really measuring, and how we can use them in smarter ways to gauge the impact of our content. But by the time I wrote the last episode in the series, I realised I wasn’t writing a history, but a eulogy – the digital metrics I was discussing were becoming less important as the platforms and audience behaviours they measured changed.

Then, on our annual Storythings strategy retreat this October, we realised it is even more serious than we thought. It’s not just that the metrics aren’t working – content discovery is broken. If you’re a B2B or B2C content publisher trying to build an audience right now, you’ll have seen this yourself. We’d noticed it before, but in the year since our last retreat, it feels like we’ve reached a tipping point, with more and more publishers and commentators saying that algorithmic feeds and Google search are no longer viable ways of building a sustainable audience.

So we thought we’d dive into this over a four-episode series on Attention Matters, looking at how content discovery is broken in social and search, and what you can do to try and fix it. We’d love to hear your thoughts, and if you want help fixing your own content strategies, we’d love to talk.

 

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What’s the insight?

As Jacob Donnelly, the publisher of Morning Brew, put it in his latest A Media Operator newsletter – The Era Of Traffic Is Officially Over. The hook is an Axios report on how traffic from Facebook and X/Twitter has crashed over the past three years – the crisis being not just referrals, but a combination of factors. It’s Musk’s speed-running X/Twitter into the ground by removing content moderation, headlines, and everything else publishers rely on to make their content visible and trustworthy. It’s Meta and Google downgrading news sites, as Canada and Australia demand payment for links to publishers. As Donnelly says in his newsletter: “The models that have worked in the past are not the ones that will work going forward. The ease of distribution that publishers had at the time is going to get significantly harder now that the biggest platforms are resistant to sending their traffic off platform.” In other words, if you’ve got high off the huge audiences social and search could deliver to you in the last 10-15 years, the comedown is happening now, and it’s going to be brutal.

 

Where’s the evidence?

The Axios article mentioned above has truly jaw-dropping stats from SimilarWeb showing that referrals to top news sites from Facebook crashed from nearly 120m monthly referrals in August 2020 to just 22m referrals in August 2023 – that’s a drop of 82%, and a line that goes very quickly down and to the right:

 

What’s the counter-argument?

The smart question to ask is – OK, content discovery is broken, but for who? Because, according to UK media regulator OFCOM, on average we spend nearly four and a half hours watching video a day, most of it on digital platforms. This is slightly down from the COVID era peaks of 2020-21, but still a huge amount of time. Audience behaviours around finding online content are now very mature and widespread, so content discovery doesn’t really feel broken for us as consumers. There are more bingeable series, algorithmic feeds, podcasts, games, newsletters and cinematic universes than we can possibly ever consume.

But content discovery probably feels broken for you right now. Assuming, if you’re reading this, you’re involved in creating stories that you need to get to audiences, you’re probably finding that harder now than it has been for years. The digital platforms we use to reach our audiences started out as two-sided markets – tools that connect publishers and audiences in a direct and open way that seemed to bypass the traditional gatekeepers of old media. But over the last decade, they have been through a process that Cory Doctorow describes as ‘enshittification’:“Here is how platforms die: first, they are good to their users; then they abuse their users to make things better for their business customers; finally, they abuse those business customers to claw back all the value for themselves. Then, they die.”

Eventually, this process of enshittification will degrade the experience for the users as well. As the platform algorithms optimise for content that keeps users on the platform, weird feedback loops emerge. Ryan Broderick’s Garbage Day newsletter has been tracking NewsWhip data on what kinds of stories are getting most engagement on Facebook now that the platform is deprioritising traditional news publishers. He found that seven of the top ten most interacted-with stories on Facebook in September 2023 were not from traditionally mainstream sources like The Daily Mail, but from a Catholic Fundamentalist website. As the platforms deprioritise the human connections that initially drove us to them in favour of algorithmic streams, the kind of content that performs best is not necessarily the best content.

 

What do you think?

So, have we really reached a tipping point? At Storythings, we’ve been tracking data around how these platforms are changing for a while now, and have been warning our clients not to get too reliant on their huge (but often fake) reach and impression numbers. In the next few episodes in this series, we’ll share insights from our research about how content discovery has broken, and what we can do to fix it.

But we’re also aware we might be in a filter bubble, reaching for the evidence that proves our own theories. So we’d love to hear from you – are you still getting results from traditional social and search tactics? Or are you having to try something else to build and engage your audience?

 

The post Broken: Part 1 – Discovery is Broken appeared first on Storythings.


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