attention and money

[I have a backlog of articles related to Instagram I’m trying to get through and post (like my last two posts here and here). I spend a decent amount of time on Instagram and I find the mechanics and strategies behind account creators and Facebook interesting.]

Writing for The New York Times, Daisuke Wakabayashi on the mating rituals of brands and online stars:

Deals between big brands and viral online video performers, once an informal alternative to traditional celebrity sponsorships, are quickly maturing into a business estimated to reach $10 billion in 2020. Some brands pay hundreds of thousands of dollars for a single sponsored video. Brita, the water filter company, paid Rudy Mancuso and Andrew Bachelor, who is known as King Bach, to make music videos with the basketball star Stephen Curry. Mr. Bachelor’s song imagined being roommates with Mr. Curry, who would regularly refill the Brita container. Mr. Mancuso’s song imagined Mr. Curry helping him live a healthier life by drinking water from a Brita instead of a bottle.

Despite The Fat Jew believing Instagram is super-saturated with influencers, it seems unlikely they’re going away anytime soon.

What’s the alternative? Broadcast television? What’s broadcast television?

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A super-saturation of Instagram influencers

Josh Ostrovsky, aka The Fat Jew, is pivoting from Instagram to his next venture, selling wine. His venture is called Swish and they have wines called ‘Babe’, ‘White Girl Rosé’ and ‘Family Time Is Hard.’ Those are funny names and I bet he makes a killing with Swish.

He’s seeing us approach peak-influencer on Instagram:

“Eventually there will be too many influencers, the market will be too saturated and the value of influencer posts will continue to plummet,” Ostrovsky said. “It’s a very standard value proposition. The more people join, the more options there are for the brands — the less each influencer is worth.”

I was pissed back in 2015 when news broke that Ostrovsky was caught stealing comedians’ jokes. But hey, Robin Williams was also a notorious joke-stealer within the comedy world and he’s beloved, so what do I know?

There are clearly industries that have way too many influencers, but in the circles I run in on Instagram I don’t see them.

Sidenote question: What is the name of the industry of hot chicks in yoga pants who only post pictures of their asses and protein suppliments with an inspirational quote in the captions? I don’t think they teach about that industry in business school.

I compare it to my year living in Los Angeles. People — mostly those who have never lived there — love to say that Los Angeles is fake. My response to this is yes, LA is fake if you’re fake. If you’re a dude like me who likes dive bars with juke boxes and pool tables, then you’ll gravitate to and find non-fake areas of town.

I’m also not rich, which shielded me from a significant amount of fakeness in LA. When I start making bags of money from my clothing line, I’ll gladly take on the responsibility of dealing with fake people.