In short
Social media has shifted from follower-based “social” feeds to algorithmic entertainment media, driving micro-dramas/brand “shows,” constant content resets (“cold starts”), and confusion over marketing vs editorial.
Key claims
Rachel Karten argues social platforms now prioritize non-followers via supercharged recommendation (e.g., TikTok For You), making followers less predictive of engagement; creators must find repeatable formats to avoid daily “starting from zero.” Brands should disclose branded entertainment (FTC disclosure failures enable astroturfing). She also warns AI content increases “is this real?” skepticism, pushing brands toward “proof of reality” behind-the-scenes posts.
Notable examples
Subway Takes (consistent hook shot/line), Duolingo character familiarity, Life 100 (two older women giving standalone advice), InStyle’s The Intern, Built’s Roomies, Aaron’s (memorable, anti-algorithm pacing), Gap’s cat’s-eye campaign, and a “Polymarket grocery store” style dystopian giveaway trend.
Guests
Rachel Karten, former professional social media editor (e.g., Bon Appetit), now a social media consultant and newsletter writer (Lincoln Bio). Hosts: Ben Smith and Max Taney (Semaphore).
Written by AI. May contain mistakes. Listen to the episode to check what was said.
Chapters
Tap a time to open that second in VOUnderstanding the Evolution of Social Media
2:36 to 5:38
Rachel discusses how social media has shifted from being social to entertainment-focused.
“So Rachel, thank you so much for joining us.”
The Impact of Follower Counts on Engagement
5:38 to 7:44
Exploration of how follower counts affect engagement and visibility on platforms.
“to stay optimistic and find sort of an optimistic way in.”
The Professionalization of Social Media Content
7:44 to 9:26
Discussion on how brands are treating social media content like traditional TV shows.
“Yeah, I guess that's, I mean, you know, we talked to Kareem Rama last week and And Subway takes is like the classic format.”
Creating Standalone Episodes for Social Media
9:26 to 10:59
How brands create content that can stand alone while still being part of a series.
“trend right now, but just in this world where brands are realizing they need to be a little more entertaining on social media, I see them sort of borrowing those Hollywood titles.”
Differentiating Marketing from Editorial Content
10:59 to 14:01
Rachel explains how to identify marketing versus editorial content in media.
“And I don't think, I think a lot of brands start a show thinking that that's some magic trick.”
Marketing Ethics and Brand Responsibility
14:01 to 23:43
Explore the ethics of marketing in the age of social media and the responsibilities brands have.
“But he also has a short form content studio where he's making shows for brands and other creators.”
The Evolution of Brand Storytelling
26:26 to 28:01
Discussing how brands are shifting their focus to storytelling rather than just marketing influencers.
“and getting a campaign with them online on like, you know, Friday or Saturday or something.”
Interviewing the Right People
28:01 to 29:41
Explore the dynamics of interviewing CMOs and social managers.
“It's still a rule and I'll break it for the right people.”
Political Advertising and Regulation
29:43 to 31:11
Discuss the challenges of undisclosed political advertising and FEC regulations.
“And I'm curious what you're seeing in that space?”
Undisclosed Paid Content and Platform Dynamics
31:13 to 33:54
Analyze the issue of undisclosed paid content and platforms' roles in advertising.
“What's the sense that you get from them about this?”
Show all 18 chapters
Impact of AI on Social Media
33:56 to 37:49
Examine how AI-generated content is changing user perceptions and engagement.
“And that is really freaky to me because what happens when you're just approaching your scroll with this skepticism, you don't know what's real, what's not.”
Creativity vs. Technology in Marketing
37:51 to 40:15
Discuss the balance between creativity and technology in contemporary marketing.
“Do you have a favorite weird good campaign you've seen lately?”
Creators and Platform Changes
40:17 to 40:55
Reflect on creators' responses to social media platform changes and follower dynamics.
“It's a rigorous look at the mechanics of growth to help CMOs solve the hard problems, like navigating complex consumer journeys and proving value through better measurement.”
Creators and Platform Changes
40:57 to 42:04
Reflect on creators' responses to social media platform changes and follower dynamics.
“I think we're just mostly talking about Instagram.”
The Illusion of Followers
42:04 to 43:55
Discover how social media followers are often an illusion of ownership.
“I think probably the reason we don't hear people complain about it more is that if you make a post complaining about how Instagram is screwing you, it doesn't go anywhere and nobody sees it.”
Lessons Learned from Facebook
43:55 to 44:39
Explore the lessons media companies learned from their reliance on Facebook.
“Do you kind of agree that maybe people overlearned the lessons of the last digital media wave?”
The Evolution of News Distribution
44:39 to 45:37
Understand how news distribution is evolving across various platforms.
“You know, for generations, the best business in media was relying on the distribution of cable networks.”
The Future of Amateur Creators
45:37 to 45:53
Speculate on the future landscape for amateur creators in media.
“I guess we'll we'll find out and we'll do an episode of Mixed Signals on it.”
Transcript
Automatic transcript. May contain errors.0:11Max:Welcome back to Mixed Signals. I'm Ben Smith, the Editor-in-Chief of Semaphore, here with Max Taney, our media editor. And this week we're joined by one of the really great thinkers about social media right now, Rachel Carton, a former professional social media editor back when that was a title at places like Bon Appetit, who's now one of the leading consultants in the space, I should say, full disclosure, including occasionally two semaphore. And Rachel now specializes in helping media companies and particularly brands figure out how to get through in a social media space that has just changed radically from the old ancient days when you were trying to reach people on Facebook or when you could just pay a creator to talk directly to their followers.
0:52Max:She now lives in a world of micro dramas and a vast gray area around what exactly is marketing, what do you need to disclose, stuff she spends a lot of time thinking and writing about in her great newsletter, which is called Lincoln Bio. So we're looking forward to asking her about what social media is now, about how marketing in particular works in that space, and about whether we're ever going to be free of the reign of the algorithms. We're going to take a quick break, and we'll be right back with Max and Rachel.
1:49Max:Thank you. There's never been a more exciting time to be in marketing. That is why we've started a new podcast, Frontier CMO. It's from Think with Google, and I promise it's not just a bunch of corporate waffle. I'm sitting down with people who really know what's going on. CMOs, creators, technologists, the lot. And we're having a proper, unfiltered chat about what's working, and quite frankly, what isn't. These are your notes from the Frontier. So do me a favor, search for Frontier CMO wherever you get your podcasts, or watch us and subscribe on YouTube.
2:36Max:So Rachel, thank you so much for joining us. Thank you for having me. And you are one of those people who used to have the job title of social media editor at some point in your life. You're now America's leading social media consultant, I believe including DeSemaphore at one point. So I was hoping that you could kind of answer the first sort of big picture question for us, which is just, what is social media? What is social media? Welcome to my life. Social media isn't social anymore. I would say that social media is entertainment media at this point. I think that really sort of broke through for me when I heard Adam Mosseri say that the social and social media now comes from DMing your friends something that reminds you of them when it used to be that friend maybe posting that they made dinner.
3:20And so that would be how you're connecting. And so I think we've seen social media drop the social. Yeah, I mean, Adam was on our podcast and said something similar at the end of last year that I think really changed kind of how we thought about that. I mean, is this all just kind of attributable to TikTok, basically? Because it seems to me like essentially what Instagram did was see the success of TikTok and, you know, basically not needing to value followers as much anymore replicated on their own platform. YouTube is doing something similar. Is this all basically TikTok's fault? Yeah, I think the For You page and sort of the like supercharged algorithm that said, cool, we know that you followed these people because you wanted to see them more, but we think we know what you want to see better than you know yourself was a statement that I think a lot of social media companies felt inspired by.
4:12Max:Yeah. Was there a moment that you like, that you kind of felt like you noticed that in your work, in your life, that something had really changed? I think from a consulting perspective, you had brands that have built followings over years and spent a lot of time growing that. And I would see a brand that has 3 million followers getting 200 likes and what is going on here because there was sort of that agreement that I think we all had with social media where it was like, if you grow your following, then you grow your engagement. And then you sort of saw this huge cliff happen. And so I think that was, you know, in my own work, a moment where I was like, uh-oh, what's happening here?
4:50Rachel, who's happy about this change? Because I think for a lot of people, I mean, I thought about this for a little bit when Elon first took over Twitter and kind of was tweaking the algorithm and changing it and trying to make it essentially more like the algorithmic feeds of TikTok and I guess now of Instagram, shoving people like the menswear guy into my feed. And it kind of, it made the engagement on my own account kind of wonky and weird. It's actually worked out really, really well. I kind of like it these days. But at the time, I found it to be very upsetting. Is there anybody who's really happy about this kind of move away from the value of putting stuff in front of your own followers to the value of, you know, showing your content to people who don't follow you?
5:32Well, the platforms, I would say, are obviously happy. I think the engagement is quite well. Besides the platforms, yeah. But I would say the one thing that I think is, you know, to write my newsletter, I need to stay optimistic and find sort of an optimistic way in. And what I think about is the small business who has 200 followers could make a really, really strong piece of content now and have it get a million views. Whereas before you were sort of gatekept by how many followers you had. So I think there is that piece of it where if you are making quality videos right now, you can break through in today's algorithm in a way that when it was based off followers, you simply could not.
6:11Max:But there are just no permanent gains. Like you break through today and then tomorrow you start it, you sort of wake up in the morning and it's starting from zero. I watched a video from this creator, Bran Flakes, where he had this conversation with a TikTok rep and he was sharing it to his followers. And TikTok calls it, if your account doesn't have a niche or sort of a show that you are repeating, all of your videos start with a cold start is what TikTok called it. And so you're starting from scratch. They don't know the initial audience to show it to. even you know brand flakes has 1.4 million followers i believe does not matter they're not going to show it to them they're trying to show it to a group of people who might be interested in it and if you don't have that sort of niche or format that you do then you have a cold start which i thought is a very brutal sort of like yeah like phrase to call it i guess i would think that this would be a fundamental threat to a lot of creators right who uh for a long time the contract was work super hard, build up your own following, and then you can have an amazing business.
7:15You can have your own media company, whatever it might be. But now, basically, all of that effort is kind of meaningless. And if you're starting from scratch kind of every day, why would you agree to continue to create content on those platforms, I guess? I guess I wouldn't say it's starting from scratch every time. I think a lot of creators have what I would say piloted a bunch of formats. They find one that does really well and they repeat it over and over again. If you think of some of your favorite creators, they are likely doing that. And so once you find that momentum, I think that you can have a very nice life as an influencer or a creator and the brand deals will still roll in because a lot of brands still do look at the follower count, even though maybe it's not the best metric to look at anymore.
7:58Max:Yeah, I guess that's, I mean, you know, we talked to Kareem Rama last week and And Subway takes is like the classic format. It is. It's funny because I think one of the axes in a way that you're talking about is professionalization. And I remember when I was at BuzzFeed, one of the things Jonah Peretti, the founder there, was obsessed with, was just the way in which every media begins as amateur and becomes professional. And it had been true of blogging, like in some sense Max and I are bloggers gone pro. So reading your newsletter over the last several months, like it strikes me that a lot of what you're writing about is a kind of professionalization of every aspect of what was formerly known as social media.
8:34Max:And I was so struck that you wrote recently about the emergence of the job description of showrunner, which is like, you know, the very fanciest Hollywood job description. Like if you're a really successful TV writer, you get to call yourself that is now a job for doing. What is it actually? Can you explain? Essentially, right now we're seeing that brands are creating shows. If I think about the magazine InStyle, they have a show called The Intern, which has been super popular for them. There's a writer's room. They are treating it like a television show that is distributed on social media. Built, which is that rent credit card company.
9:11I'm still not exactly sure what they do, but they have a show called Roomies that is about to start season three, gets millions of views. And people who are working on those shows have showrunner in their Instagram bios as the showrunner for those shows. I don't necessarily think it's some widespread trend right now, but just in this world where brands are realizing they need to be a little more entertaining on social media, I see them sort of borrowing those Hollywood titles.
9:39Max:This isn't like a threat to Shonda Rhimes right now. I don't think so. One of the hallmarks when I was reading this as well, and I thought that was this was such a fun thing that you wrote for your for your newsletter recently. And everybody who's listening to this podcast should go and read it. One point was really interesting, which was all of these shows have to start from the assumption that the video that's coming onto their feed, even though it might be like the 700th episode of the show might be the first one that someone is encountering kind of algorithmically. Can you kind of explain a little bit more about that, tease that out, and share how that's shaping what these shows look like?
10:15The way that the algorithm works right now is that whether a non-follower would find that piece of content interesting way more than if a follower could find that piece of content interesting. And so you need to be posting with that in mind that they're going to show it to this test group of non-followers, and they need to be as invested as if they've watched 20 episodes or just 20 pieces of content from your brand before. And so I think I was saying that, you know, in a traditional television show, you sort of have the last time on, right? Like to remind you of what happened. And for a social show, you're creating these two to three minute episodes, but they need to be able to live on their own, but still feel within the world of the previous episodes that somebody has watched.
10:58It's a complicated task. And I don't think, I think a lot of brands start a show thinking that that's some magic trick. And no, the show still needs to be really interesting and good and catch people at whatever part of the series is. And they're going to comment and say, I'm going back to episode one and I'm going to binge the entire thing, which you see a lot of comments like that right now. I guess the thing that I'm kind of curious about is what is the difference between what you're talking about and, and micro dramas or are these micro dramas essentially? There is no difference in my mind.
11:28I think that they are television shows cut up into two to three minute episodes that can stand alone. And whether that is in style showing their office and bringing in influencers and kind of creating a funny narrative around that, or I haven't watched a lot of micro dramas, whatever the most popular micro drama is, it's a similar concept. concept. There are certain things that shows will do to immediately within the first one or two seconds, you know, basically remind people of the show. There was something that you had mentioned about, you know, a brand that had incorporated their owl into the first few seconds of the show.
12:04I think, you know, we were just talking about Subway Takes. Subway Takes begins exactly the same every time with the shot of Kareem, the same line, essentially. So, you know, like your brain just automatically knows that you're watching Subway Takes. Explain a little bit more about what that looks like. Am I describing it the right way? I think that's fair. I mean, I think like a hook, right? The hook is really important of a video. And I think for shows, familiarity is the hook. And I interviewed the head of social for MLB, and he had a great quote that I repeat all the time. That is that we don't have a short attention span.
12:36We have a short consideration span. And if you're picturing yourself scrolling, it takes you, you're not thinking that hard if you're going to watch something. You're like, duh, duh, duh. And when you see something like Kareem sitting down in the subway, I immediately stop and I'm going to watch the entire thing. But it takes a familiar sort of thing for me to want to stop and actually watch something. And so I think the benefit of a show or creator or character is that you're seeing that owl. I think I was probably referring to Duolingo at the time. You're seeing a character that you enjoy watching and that's what's going to stop to make you watch.
13:09And you'll actually watch the full two to three minutes of it. I guess that shouldn't say that you have a long or you don't have a short attention span, two to three minutes isn't that long, but it's still in the world of social media means something.
13:20Max:You were recently about a show called Life 100. How does that kind of fit into this observation? Yeah. So Life 100 features Susan and Sandra, two women who are probably in their 70s or 80s, and they're giving life advice. And each episode is a different piece of advice about confidence or some sort of theme. And I think that comes into play of where each episode can stand alone because it's about a different topic. But you see Susan, you see Sandra, and you're like, oh, I know who they are. And so you're having these sort of media companies create shows just for entertainment right now. And so that's actually Susan's grandson who is making the show, which is very sweet.
14:02But he also has a short form content studio where he's making shows for brands and other creators.
14:08Max:A lot of your work is in marketing, in the marketing industries. A lot of what we're talking about now, like if built and, you know, Anchor was actually on our other show, Compound Interest, recently. Super interesting credit card companies, you say. They're making a show about roommates, apparently. You tell me. It's not hit my feed. Susan and Sandra are making a show. Like, how do you figure out and how should a viewer figure out what is marketing? What is editorial? It's a good question. I think about like a now this, which has essentially become a short form show factory. And they do have a watermark on all of their shows.
14:42I think that there are responsible ways. And I think there these media companies, whether you're a brand media company, you have a responsibility to disclose that, hey, this person is cast. And this is not a creator who is solo making these episodes. we there's a media company behind them and i think there's sort of a responsibility to disclose that especially on the brand side with something like a roomies they have in their bio like powered by built and i think you should be sort of letting people know that they're watching branded entertainment and i think what's tough is because every marketer is going to hear me say that and say like that's why it won't work but i think that marketers were living in a very odd time i think Like the FTC doesn't do its job when it comes to disclosure or some of the stuff that's happening on social media right now.
15:34And so it comes down to the ethics of the marketer themselves.
15:37Max:Just to slow down, because I think I don't really even really understand it. What is the Federal Trade Commission's job here? Like what are the rules supposed to be? The rules should be that, you know, we're seeing these brands create these sub-accounts or shows and not disclose that they are behind them. They're putting their product in them. They are talking about their product. And there's nowhere when you go to the page that would say, we're behind this, or there's nowhere on the video that says this is actually brought to you by X brand. And so you can get away with that for as long as you can.
16:07And right now, I think a lot of brands are sort of like, hoping for the best. But I think that with so much skepticism online right now between these sort of like astroturfing campaigns and AI, I think that brands have a responsibility to not contribute to that sort of confusion that people have when they're scrolling. Is the problem because the FTC, this is just such a widespread issue and just so much of this is going on that it's like almost impossible for the FTC to regulate it because so many different companies and brands are basically kind of bypassing the rules? I think that's a piece of it.
16:43I think that it doesn't take mass sort of dealing with it to scare marketers, though. I think about using commercial music. A lot of brands were very willy-nilly, putting in commercial music to TikToks, doing the trends. You get one lawsuit from UMG. Every brand sees that and goes, we're not using commercial music anymore because we don't want to get sued either. So I don't think it takes like every single thing. I think it takes a case where it scares a lot of brands into trying to get away with it.
17:15Max:Do you find that like the big kind of blue chip marketing organizations, the PepsiCo's of the world are more careful or is everybody kind of equally, as you say, kind of willy nilly about it? They are definitely more careful. And I think that you can look to some of those big brands and see lower social engagement and attribute that to being more careful from an FTC or legal standpoint. But I don't think that's a fair, totally fair assessment. Going back to the show's question for a minute, I'm curious, do you get the sense from talking to people. You survey your readers a lot. I'm curious, do you get the sense that anyone meaningfully distinguishes between shows that are made by brands versus shows that are made by media companies versus shows that are made maybe even just by, you know, a few teens and or, you know, 20 somethings in in Bushwick or whatever?
18:07Like, does anybody anybody really distinguish between these things? But besides kind of us in the media who like to pay attention to it? I think that people feel disappointed maybe when they find out their favorite show is from a brand. I'll see comments like, this is just marketing for this brand. And so I do think, again, people don't like to feel confused on the internet. And so I think if you're upfront about it, it's okay. But I do think a consumer cares whether it's a creator and three friends making a really funny show versus a creator and three friends making a show that Amazon put their money behind.
18:41Max:Do you think, I mean, my experience of this is that ultimately, like, the money wins and the professionals win because, you know, Amazon's going to find the best three guys in Bushwick or three women in Bushwick and hire them. And in fact, the best creators are looking to make a living at it and the brands and the companies will find them. And so there's this kind of, like, inevitable professionalization. Inevitably, you're going to be dealing with a kind of totally professionalized, you know, Hollywood-style medium. Do you think that is true in this space or will this short video space kind of resist that and kind of keep that kind of remnant social quality?
19:16I think that I can split my brain in two parts here. The marketer in me is like, hell yeah, work with these people. They know how to tell stories online. And then the other part of me that enjoys a show like errands, which is so funny and you should watch it. And if it sold out to a brand, I'd feel disappointed a little bit. And so I struggle with the two sides of my brain in that situation. You see a lot of examples of this kind of stuff in the space. What do you think makes one of these shows actually good? Like qualitatively good? Like, oh my God, I want to watch this again. I think the way that algorithms work right now, it's easy to game them.
19:55Anybody can get views right now. And I think that when I think about the shows that work, it trusts that their audience is smart, that they're going to pick up on things, that they're going to build inside jokes. I think Aaron's is a great example of that, right? Where you kind of feel like it's not big enough that you feel like everyone has seen it and you feel a little bit cool that you're somebody who watches Aaron's and you can send it to a friend and there's a little bit of currency to that. And I think you also remember it and you're not, these shows aren't trying to like mine your attention.
20:24You feel like you walk away, oh, I thought about that or I remember that from last episode. And so memorability right now is something that I'm thinking about with social media because I feel like so much of it is you don't remember what you scrolled past two videos ago. And so how do you get people to actually remember things? And I think Aaron's does a good job, I would say, is because it's slower and it feels almost anti-algorithm. Like you're watching and you're like, this shouldn't work. And I think that feels good as a viewer when everything is so loud around it. How is the rise of shows impacting kind of the previous generation of influencers?
20:59Like, are there people who were essentially influencers before who are feeling pressured to make shows because this is something that algorithmically Instagram is and TikTok and to a certain degree YouTube are interested in? When you think about the influencers of the past, it was that contract of I grow my followers and now I'm owed attention. And so I'm going to sell a brand on a post and my followers will see it and that's what the brand is paying for. Whereas now, especially like on the brand side, I'm more interested in like who can tell a really funny story on social media. I don't necessarily care if they have quote unquote influence for a social post because I want somebody who I have a format that I can integrate myself in.
21:42I think about like the Brooklyn coffee shop. I don't know if you've seen their videos, but like I watch every single one of their videos, every single one of their ads does well because you, again, you have that like familiarity of it's the same format. Whereas I think a influencer just getting on and saying, Hey guys, I tried this new tea. You're going to love it. It's not entertaining. It's not fun to watch. Yeah. It's so funny how that feels, that feels so dated. Like it, it really does, but, you know, as you're, as you're doing it and that's the kind of thing that I had in my mind, I'm like, this is making me feel like a, you know, chopped, washed unk, uh, for, you know, So associating that so strongly with social media up until like, you know, a few months ago, I guess.
22:23Max:It's also a real power shift, right? Like suddenly like the platforms, so the power swings back to the platforms away from the influencers and media companies. And in a way, like the best you can do is be a kind of an agency business, right? Like hawking your clever ads to brands and you're a creative agency. Ben, don't you think though that actually this actually kind of empowers media companies? Because media companies traditionally are good at making shows. They know how to make shows. Like, that's what we've, you know, we were much better at that than, you know, the, hey, guys, check out this, you know, whatever.
22:54Or like some guy explains the news to you on TikTok. Like a few people did that, but it just broadly wasn't a strategy. I would just say that I would imagine InStyle is having some very good conversations with advertisers about that series. And that's always a conversation in media companies is like, okay, you have this big social presence. How do we get advertisers involved? And so they built a recurring format that people watch. They just did an ad for Crocs that was branded within the show that got over a million views. That doesn't happen, you know, when the sales team goes out and sells a social post for a magazine.
23:31Well, we have a lot more that we want to get to with Rachel Carton, but we have to take a short break. So we'll be right back after this.
23:43Max:This week on our branded segment from Think with Google, I talked to Google's VP of Marketing, Josh Spanier, about whether most marketers are bad at their jobs. Josh, you recently published a newsletter with a subject line that raised a lot of eyebrows. I believe it was, most marketers suck at marketing. Do you? That's a provocative, some might say insulting approach, but you backed it up with a statistic from Ipsos that said that 70 % of marketers fail a basic test of marketing fundamentals. Are folks in this industry that bad at their jobs? The truth hurts, Ben. I did write that. Although to be fair, I was actually channeling Mark Ritson, a guest on my Frontier CMO podcast and famously a bit of a curmudgeon about the marketing industry.
Read the full transcript
24:28Max:But he's not wrong. Dentists, doctors, scientists, they get degrees in the discipline they're working in. Marketers just turn up and get on-the-job training. What Mark thinks is that that has led to a crisis of credibility for marketers and a crisis of competence for marketers. What did you and Ritson agree are the absolute non-negotiable fundamentals that marketers need to reclaim? So Mark and I discussed in our pod a number of things that marketers can do to really stop sucking at marketing. The first thing is really, you've got to start with market insights first. You have to have an unbelievably deep understanding of the category and sector you're operating in, what your competitors are doing, what your products are, the pricing, the profit margins, every aspect of the market.
25:14Max:If you're spending money without knowing everything about your market category, it's just going to be wasted. Second, brand strategy matters more than tactics. and in marketing, we are guilty of leaning into tactics. We wanna talk about the ad we're making, the thing we are producing. And if you don't have an incredibly clear articulation in two or three words best of what your brand purpose is, what your reason for being is, what your positioning is, everything you make is gonna get fragmented and diluted and all over the place. Brand strategy is more important than your individual tactics. Third, you need to be in this for the long term.
25:54Max:Mark in my conversation spoke about his favorite brand of all time, KitKat, and how their brand strategy of have a break, have a KitKat has been in place for over 50 years, and it still works. In marketing, we're guilty of chopping and changing all the time. Actually, KitKat knows it's working, and their customers understand it as well. Just reinvent it and reinvent it. Don't replace it. Stick for the long term. Where should people go to find out more? You can subscribe to Frontier CMO wherever you get your podcasts on YouTube and beyond. And look for the episode with Mark Ritson to capture this conversation.
26:50Max:and getting a campaign with them online on like, you know, Friday or Saturday or something. But maybe that's the old way. Like, does this, is that kind of brands chasing the viral moment, chasing the influencer who just happens to be blowing up? Is that part of the washed unk generation? I think there will always be brands that, you know, as soon as Love Island wraps, they want to work with every cast member from that or whoever is sort of, you know, building momentum online. I think that there's also brands that have focused on their own storytelling and creating their own sort of films. I think about like, I interviewed the CMO of Figs, you know, the Scrubs company, they have amazing social media that is for nurses, doctors, and they're creating films that celebrate them.
27:32And they're not trying to latch on to the creator of the moment. And I think that's interesting to me right now, too, is when every brand is chasing that one viral moment, who one wins, what happens to the rest of them?
27:45Max:You said somewhere recently that that you like refused to interview CMOs, but then you kind of broke your rule. At least sounds like you've now broken that rule a couple of times. Do you feel like marketers are kind of catching up? Is that what that means? That kind of big brand CMOs are, you know, more sophisticated than they were, or is that still a rule? It's still a rule and I'll break it for the right people. Well, actually, let's ask this from our POV, which is, you know, we interview CMOs on the show on occasion and we find that those interviews the best ones are really interesting, but the next level down from that is pretty challenging.
28:21And the audience response isn't amazing. People like to stay on message. People, CMOs in particular, like to stay on message. I mean, is that the reason why you didn't want to do these? Because essentially, like, both CMOs are pretty boring. You can read plenty of other marketing publications where the CMOs love to talk to them. I don't want to have those conversations because I read them. And part of the reason that I started my newsletter is I would read those and I'd say, A, you didn't do this work. B, boring. And so I want to talk to the people who are doing the work who can talk to me and give me the nitty gritty details that's going to be actually helpful to my audience.
28:56So who are the people who are doing the work that you're interviewing? I'm interviewing the social directors, social managers, up and down the marketing organization who are actually pressing posts on things. And so some of my favorite interviews have been with the person who runs social at the Columbus Library. They have an amazing Instagram if you haven't seen it. But then there is somebody who I interviewed the CMO of Merit, which is a makeup brand, and she comes from the world of social. So I was curious how she worked her way up from social into a CMO role. And so that story made sense for Lincoln Bio, whereas the CMO of Big Brand whose interviews I've read, who, like you said, likes to stay on message, I just don't think that my audience is going to get much out of it.
29:38And I don't see it as beneficial to my newsletter to say that I interviewed a CMO necessarily.
29:43Max:On a different topic, while we're talking about kind of advertising and the kind of like question of what is an ad online, we're pretty obsessed with undisclosed political advertising going into the presidential campaign next year, which I think is, if anything, kind of more out of control than commercial advertising because it's regulated by the FEC, not the FTC. And the FEC is truly in shambles. And I'm curious what you're seeing in that space? How widespread is it? How do audiences relate to it? I'm not like so deep in that world. I would say that examples like that example of sort of the music industry conversations that were happening around playing songs like my if I was in charge of FTC, FTC, if you are paid to make a post, it doesn't matter if you are endorsing something or saying that this is the best song in the world, you should have to disclose that you were paid for the post.
30:34Like full stop. I don't understand how that is so hard or confusing. Just to pivot into the music side of it, there was sort of a quote from the FTC saying, well, they're not saying to listen to the song. They're just using the song. So it's not an endorsement. That's not how social media works anymore. And so if you're paid to use a song in the background, you should disclose that that artist or that label paid you to use it.
30:56Max:100 % agree, as they say. But it is payola. Payola was such a massive, and we know that word because it was the massive scandal of the radio era. And you just got to think that's coming here. I agree. I can't believe anybody would disagree with you on this. What's the platform's feelings about the undisclosed paid content? What's the sense that you get from them about this? Because obviously there's plenty of mechanisms for them to allow you to label your content as paid if it is or like some sort of partnership. But a lot of people don't do that because they feel like they're essentially punished by the platforms for it.
31:31What's the platform's relationship to this type of unlabeled paid content? I think they probably would want to stay as far away as possible from assuming any sort of like involvement at all. I think, I don't think the platform necessarily has a responsibility in this in that they do sort of give very clear ways that people should be disclosing. I think it's really an FTC, FEC issue. What I would say is that I saw a video the other day that was clearly some sort of undisclosed script that all of these influencers were reading. And is there a world in the algorithm where we've seen this script being used across 30 influencer accounts in a week period?
32:18Can they flag that in some way? But what would they do with that, I guess, would be my question.
32:23Max:I wonder, because these platforms, I mean, they are fundamentally in the advertising business themselves competing against the creators for ad dollars. And what you saw in the ancient, ancient history of the web, it was a huge moment when Facebook basically went from letting you post branded and unbranded content on similar terms. and the branded content could go viral to having to have this little handshake emoji inside Facebook, which meant that you had to pay Facebook for it to go viral. It was a huge blow to BuzzFeed's business at the time, actually. And I think for the platforms, you might say, hey, in the interest of transparency of our audience, of cleaning things up, we're going to make you label this and we're going to take 50%.
33:04Max:I suspect that that's where this is going. Because honestly, it's their platform. Why should they be letting you charge all this advertising on it and not taking a percentage. I think that's how they see it. And they're going to have, you know, this pressure every quarter to drive the earnings up. It just seems to be such an obvious way to do it. I think that there would be a total creator rebellion if that happened. And the only reason that any of these platforms have any content on them is because people make money from brands paying them a huge sum of money to do these posts. The platform payouts are not good.
33:33And taking 50 % would crush like 90 % of creators, in my opinion.
33:38Max:Another meta-related topic. How are you seeing this kind of new flood of AI content affect the platforms and compete for attention with you, with us, with creators? I think that the flood of AI content is fundamentally changing social media. And I think in a way that really scares me, to be honest, I think that I'm seeing more comments on real content that says like, boo, is this AI? Is this real? And that is really freaky to me because what happens when you're just approaching your scroll with this skepticism, you don't know what's real, what's not. It's changing the way that people kind of show up to social media, I would say.
34:25Max:What are proof of reality posts? I wrote about, I think, over a year ago that in this sort of wake of AI-generated content, we're going to see brands posting more behind-the-scenes content, showing how they actually made something, needing to have a post ready to go to combat that is this real message. And I would say that has come true significantly. Pretty much every campaign that goes on social media right now has that mini doc, how we made it ready to go right after. Sure, yeah. I thought this was a really lovely piece that you wrote after the Canlion Festival of Creativity, as Max likes to.
35:08Max:International Festival of Creativity. Excuse me. The Canlion International Festival of Creativity, as we always refer to it. Of course. You know, it started as a place for drunken ad creatives to celebrate themselves, turned into like a massive festival for drunken tech salespeople to celebrate themselves and sell things. But you managed to find your way to the darkened basement where they still display the actual advertising. And I guess you were – were you surprised by it? You were struck by it? It was my first can, first of all. I was very struck by the whole thing. And so I found it to be a very overwhelming experience and a very salesy experience.
35:50And I know that's funny to find the non-salesy piece of it in the basement with a bunch of ads. But I think it felt very cool to see the work that I do, my peers do displayed that way and sort of almost like a museum of advertising. And I think that, yeah, it was a quiet moment in what was a really loud, overwhelming week for me that felt tough to absorb. I don't know. How was your can experience?
36:19Max:It was tough to absorb. So I think what I took from that, in a way, from your piece was this sense that, like, maybe there's a swing of the pendulum away from the technology that's come to totally dominate media, dominate marketing. Probably marketing is just this sense that, you know, the big tech companies can identify you so closely, figure out your preferences, and just put a product in front of you and you click buy without having to really like engage with you culturally or sell you anything. But I guess what you seem to be finding was that maybe there's a swing of the pendulum paradoxically back toward the creative industries, back toward creativity.
36:54Max:Can you play that out a little bit? I think, you know, the work that I do is mainly in organic social media. So for me, can I'd never been around so many tech companies who are telling you, you spend money with us, we're going to get you in front of all of these people like, spend, spend, spend. And in my head, I'm thinking, good creative can get in front of just as money, if not more people right now. And so it made me even more sort of excited that I work in a space where weird, fun ideas can reach people. And I don't need your technology to get that. And in fact, I can't think of many great advertising campaigns that required a huge push and boost to do that.
37:43you can reach people with just your weird good ideas. And I think it made me feel even more bullish on that, which is maybe the opposite effect of what they probably all wanted me to take away from it.
37:55Max:Do you have a favorite weird good campaign you've seen lately? I've been, like everyone, a fan of Gap and their cat's eye ad was down in the basement. And it was cool to see, you know, not only did it get a lot of views, it increased their denim sales by some egregious percentage. And so it's exciting to see then good ideas actually work and work out for the brand as well. Okay, let's flip this though. What's the worst thing you've seen? What's the most egregious and offensive to the sensibilities thing you've seen in the last year? there's a trend of marketing that is essentially how do i explain it's very dystopian where it's like this beauty company is going to give free buses this gambling company is going to give away free groceries and it's sort of taking the fact that people can't afford these things and using it as marketing which i find to be a kind of odd way to insert your brand into a real conversation for people right now.
38:57And so, yeah, a Polymarket grocery store is a little bit tough for me. So just to kind of wrap us up, you know, we've talked about the changes in social media from media that was social to what we're talking about now, which is, you know, algorithmic media that's kind of drifting towards these shows and interesting kind of show formats. Do you think things will look meaningfully different on people's feeds in a year? Where do you see this going next? I'll spend the entire conversation talking about what works for the algorithm. But what excites me, I think, is work that feels anti-algorithm in some ways.
39:33And so I just watched the last episode of Keep the Meter Running on YouTube last night. And it feels so good and makes me hopeful for the future of media and social media. and I'm excited about people making things that they are excited about and finding ways to distribute it on social media instead of, you know, I hope the takeaway from this conversation isn't like, make a show, you have to do these things, be like algorithmically, you know, get the algorithm. But I wrote a note to myself the other way and it's like, be algorithmically ungovernable. Like do something weird and try it out and don't try and like just, you know, appease these platform rules.
40:13That feels like a great place for us to leave it. Rachel, thank you so much for joining us. It's a really fascinating conversation. Thanks, Rachel. Thanks for having me.
40:42Max:This isn't fluff. It's a rigorous look at the mechanics of growth to help CMOs solve the hard problems, like navigating complex consumer journeys and proving value through better measurement. Make this the year you turn potential into performance. Visit thinkwithgoogle.com.
41:03So, Ben, the thing that I can't really totally wrap my head around, And this is why I feel like I asked the same version of this question a few times is why, if you're a creator, why are you not incredibly upset about the decisions that the platforms have made, particular Instagram? I think we're just mostly talking about Instagram. Why are we not incredibly upset about the decisions that Instagram has made devaluing the followers that you worked really hard to get in order to kind of fully democratize the platform and really drive people towards whatever content is mathematically the most engaging to them?
41:44That feels to me like a breaking of a certain type of contract. And if you're a creator who's spent a long time building up an audience, that's got to feel pretty awful if most of your audience isn't seeing it and they're engaging with something else.
42:00Max:Yeah, I mean, it really underscores the extent to which you were kind of renting. So even if you had a lot of followers on a platform, you were really renting space and you really did not own those followers yourself. And I don't know. I think probably the reason we don't hear people complain about it more is that if you make a post complaining about how Instagram is screwing you, it doesn't go anywhere and nobody sees it. And so you're then forced by the algorithm off into doing something else. And I would say probably it's blunted on YouTube. Exactly. It's I think that's blunted a little by the fact that there's just a huge rising tide of advertising going into these platforms.
42:31Max:And there's so much more money to be made this year than last for creators that even if they're getting kind of like screwed on the distribution, there are lots of it is there's a ride. There's an overall rising tide that may make up for some of that. Yeah, and basically, if you're a successful creator, you can't just be, you know, unit platform. You have to be multi-platform, right? We have to be mixed signals in the newsletter. We have to be mixed signals in the clip version on Instagram. And we have to be mixed signals, the full-length podcast. And we also have to be mixed signals, the YouTube show, which is actually sometimes a little different than the podcast.
43:05Max:Which means, by the way, that these different platforms are competing to make us happy. They're not competing that hard, I would say. They could work harder. Do you feel super happy? But it's not the kind of monopoly situation that when Facebook actually was really totally dominant that it felt like it was for a second. That is true. And, you know, it does get at this thing that I've noticed in the media business. I think that there are really deep scars that I'm sure I think, you know, you wrote about it, I think, in your book Traffic. I think that we, I'm sure maybe you have some versions of these yourself, which is, you know, there's all of these media companies basically put all their chips in on Facebook, essentially, and on Facebook traffic.
43:45And that going away taught everybody the same lesson, which is you can't be overly reliant on the platforms in general, because they're going to just change their minds. Or, you know, this stuff was happening at the same time that Elon Musk was buying Twitter and kind of messing around with it. And so I have thought that maybe publishers, maybe media companies, people who relied on those channels, I think that actually there's a little bit too much suspicion in dealing with some of the new platforms and the amazing audience growth on places like YouTube for news and information. Do you kind of agree that maybe people overlearned the lessons of the last digital media wave?
44:26Max:Yeah, I think that is exactly the right way to put it. They've overlearned the lessons. Right. People learned this lesson that you can only rely on your own distribution. Like, that's the lesson. And, like, I don't know. Tell that to every cable show and tell a cable company ever. You know, for generations, the best business in media was relying on the distribution of cable networks. I think it's not such a simple business. And it can be hard to generalize. People often fight the last war. And yeah, right now, people, after years of people saying, ah, you know, news will never take off on these platforms.
44:58Max:You see real news on YouTube. You see real news on LinkedIn, actually, increasingly. Oh, God. I know. It's definitely true. It's just, it is remarkable. Yeah. So I don't know. I mean, I think the space just kind of keeps evolving. The one direction that I do think is sort of always there is that professionalization that we were talking about. like, you know, creators follow the money. But part of what that just means is that the good ones make it their profession and professionalize, you know, can ask for more money, but also have bigger budgets, better production. And ultimately, amateurs get kind of gentrified out of the feed in a certain way.
45:36Yeah, I do wonder where the where's the next amateur space? What does that look like? I guess we'll we'll find out and we'll do an episode of Mixed Signals on it.
45:43Max:Yeah, please, please tell us if you're if you're if you're creating cool, weird stuff, totally outside these corporate platforms. Do we want to talk to you? Probably not yet. We don't want to like, you know, blow up your spot. We want to talk to you before the other media podcasts.
45:58Well, that is it for us this week. Thank you so much for listening to another episode of the Mixed Signals podcast from us here at Semaphore Media. Our show is produced expertly as always by Manny Fidel with special thanks to Josh Billinson, Amber Olley, Rachel Oppenheim, Anna Pizzino, Daniel Haif, Garrett Wiley, Jules Zern, and Tori Kaur. Our engineer is Rick Kwan, and our theme music, of course, is by Steve Bone. If you like Mixed Signals, please follow us wherever you get your podcast, and feel free to leave us a five-star review. And if you want more, you can always sign up for Semaphore's media newsletter, which is out every Sunday night.
46:46Thank you.
From the publisher
Social media consultant and “Link in Bio” newsletter author Rachel Karten joins Mixed Signals to explain what social media actually is in 2026. Max and Ben ask Rachel how the shift from follower-based to algorithm-driven distribution broke the contract between platforms and creators, why brands are quietly building their own shows without telling anyone they’re behind them, and what the regulatory gap around paid content is actually doing to the feed.
Sign up for Semafor Media’s Sunday newsletter: https://www.semafor.com/newsletters/media
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