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?15 year old Rocks London: Teens don?t Tweet!?

Read all about it… just not in a newspaper… or twitter… or…
by: Ty Jennings
Social Media Specialist @ The Halo Group
www.thehalogroup.net
www.twitter.com/TylerHalo
www.SoMeTy.com

*Originally published on 15 July 09 @ www.SoMeTy.com – Ty Jennings’ Social Media Blog.

On Monday, Morgan Stanley caused some great ruckus when it published a research note written by 15-year-old Matthew Robson, who is currently interning at their London office.

Why the ruckus? Well, according to Matthew, teens don’t use Twitter! This, among many other findings in his 2,275-word report, which can be found here

Among the epiphanies:

Teens don’t listen to the radio Teens are watching significantly less TV due to on-demand services (television and mobile device-based) Teens do not read newspapers (except for freebies like “The Metro”) The Wii gaming console is surely helping to balance out the gender gap in girls vs. boys gaming, and is involving a younger crowd (age 6 & up) Teens like viral marketing with a sense of humour (I love the British spelling!) Teens see a lot of movies, not just the ones they “intend” to see Teens tend to ignore outdoor advertising; but react more negatively if they are to respond to it at all

 

And the tech world stopped.  Twitter has thousands of mentions, forwards, retweets and responses in at least a few languages that I noticed on the first few pages. Responses are varied from supportive, to appalled to hysterical. My faves are: (Full disclosure: I know none of these people, in any way, though I have now started following them – these results came from a “Matthew Robson” search on Twitter)

@elliottgalloway Matthew Robson’s comments-only relevant to the type of teenager that gets an internship at an IB instead of trying to buy beer & shag birds

@adlandsuit I think I might have to post about young Matthew Robson and the world’s LUDICROUS reaction. People should be embarrassed.

@meggo10 If this Matthew Robson kid gets to be the voice of teens, I want to be the voice of white women everywhere.

 

Having pointed out the more ‘humourous’ responses, it’s time to break down the report. First the BIG statement: Teens don’t Twitter. Wow, that made me nervous. “Oh no,” I thought to myself, “every CEO & CMO in the world, who is nervously dipping his and her toe into the social media pool for the first time, just recoiled, breathed a sigh of relief and ran for cover.” Uh-Oh.  Please, say it ain’t so! Tell me that Morgan Stanley didn’t publish some kid’s unqualified, unsubstantiated rants! Tell me that every tech outlet in the western hemisphere hasn’t picked it up and run with it as today’s paraphrased tech gospel. But alas, it was true. Everyone ran with the teaser: “Teens Don’t Use Twitter” and unfortunately, not everyone bothered to explain the rest… This is my nightmare.

Before anyone says, “I told you so” to anyone else, defending their lack of willingness to tweet, let’s dig deeper: Matthew’s report says teens don’t twitter because it costs money on his or her mobile devices. The exact quote is: “…teenagers do not use twitter. Most have signed up to the service, but then just leave it as they realise that they are not going to update it (mostly because texting twitter uses up credit, and they would rather text friends with that credit). In addition, they realise that no one is viewing their profile, so their ‘tweets’ are pointless.”

We, in the US, need to remember that, for better or worse, European mobile systems, plans and pricing are quite different than ours. Most teens that have mobile devices (99%of which do, according to Matthew) have limited text/data plans.

As for the point that “no one is viewing their profile” –well, that’s better left to the trend experts. However, if I were to take a stab at this, I’d say two things: it’s been reported that Matthew Robson’s polling demographic was aged 13-16, therefore: it would probably only take a few trendsetters within a clique to start a group using Twitter (at least from a computer, which would require no “mobile credits”). From that it would spread like wildfire. Especially when, (point #2) they realize how many free services there are (on mobile devices, as well as computers) that send a single status update to several sources (twitter, facebook, etc) and would only use one “mobile credit” and allow them to check status at the same time. If I may indulge myself one more follow-up point: when these 13-16 year-olds find themselves with more responsibility and less time and attention, they’ll find that killing two (or 5) birds with one stone is the way to go to maximize their voice. (No further harm meant to the poor old Twitter Bird logo in that reference?)

My thought: it takes a trendsetter/teacher to start the group going, just like adults. Not to take credit, but many of my friends (aged 27-50) are asking whether they should be on twitter now, simply because I added my address (@TylerHalo) to my signature line on emails. Besides, now that my retired parents are on Facebook, connecting to their grandchildren and extended family and former classmates, where are the cool kids gonna’ hang out? (I’m just joking, Mom! Sort of.)

Wrapping up, I think that the coverage of Iran’s election and breaking news of Michael Jackson’s demise has proven Twitter’s worth and people’s thirst for the micro-blogging site in the last few weeks. It may take a while for London’s elite 13-16 year olds to develop interest though, but that may be more of an issue of lifestyle, mobile plans and maturity…

As far as today’s CEO’s & CMO’s are concerned, here’s the message: twitter is valid. Twitter is necessary.  Twitter is not going anywhere.  As more and more people discover the language and the feel of microblogging, quick status updates and aggregators – they’re jumping on board. (And PS – this is only the beginning as Google is set to release “Wave” later this year which combines a micro-blogging feel, with IM & chat activities to completely redesign the email system.  And this is an understatement of it’s potential!)

Until then, I propose we all sit back & wait to see what Matthew Robson will do next. 

(PS, don’t even get me started on why a 15 year old is interning at Morgan Stanley!)

 

Stay Tuned…

 Tyler “Ty” Jennings has served as Social Media Strategy Consultant for varying businesses and individuals and is the Social Media Specialist for The Halo Group, an award-winning New York City-based marketing and brand communication agency. His articles and posts can be found on their blog at www.thehalogroup.net/blog/ and on his own blog at www.somety.com as well as at www.twitter.com/TylerHalo

 

New Year Eve London 2008 (Fireworks)

London

Image taken on 2007-12-31 23:58:48 by T@H!R – طاھر.

New Year Shopping in London

Head down to some of the best London shops for your New Years shopping! Enjoy discounts and clearances on your favourite products during this special season.

Just after a short and quiet Christmas period in central London shops, sales and clearances will hit once again towards the end of December. Most department stores will offer half-priced products and we will then definitely forget about the credit crunch for at least two weeks.

Most popular London department stores will be offering New Year’s shopping at an affordable price. Thousands of people will flood Selfridges in Oxford Street, Harrods in Knightsbridge and the newly-opened Westfield London in White City/ Shepherd’s Bush.

Find that special outfit for the New Year party or treat yourself to a cosy piece of furniture you have dreamt of for a long time. Be creative and colourful as the New Year promises even more amazing deals!

London is one of the best places to be in, for discounts and bargains during January sales. Central London shops and designer stores, give you an opportunity to shop with plenty of discount offers for your new wardrobe for the New Year.   

New Year sales can also be great for those who want to get some bargain deals on gadgets and technology. Dixons, Currys and others will be offering everything from wide-screen TVs and DVD players to computers, games and gadgets. Keep an eye on headlines and they will all surely read – discounts! Get your New Years shopping early as demand will be high.

London Property Review Of The Year ?08

2008 was a rollercoaster of a year for the UK’s property market. SecureASale Director Tim Jackson looks back on the ups and downs of London’s housing sector over the past year…
2008 started slowly with the hangover for the manic record market of ‘07. By the end of 2008, the UK was in the worst housing slump since the 1930s. There are three main factors that have contributed to this heady downward spiral.

1 / Cyclical economic slowdown

After 15 years of non-stop growth, the UK economy had overheated and house price inflation had far-outpaced rises in average earnings. The average home was costing 7 times average earnings, which was unsustainable. A policy of low interest rates had led to the availability of cheap credit and properties had seemed affordable despite the ever-increasing prices. However, nervous of inflation running rampant, the Bank of England MPC gradually raised interest rates up to 5.75% in July 2007. This hit highly-leveraged borrowers hard, especially those on interest only mortgages and had the desired effect of substantially cooling the housing market.

2 / Worldwide banking crisis

When Northern Rock collapsed in the summer of 2007, it wasn’t a one-off event but was linked to the fallout from the sub-prime market both here and in the United States. Banks worldwide had gambled by lending to un-creditworthy customers who were left unable to afford their loans and therefore defaulted on them, often literally handing back their keys to the lender. As Northern Rock had grown its business by taking on risky debt, it soon found itself unable to secure funding to operate and the government had no choice but to bail it out. The banks then all took note of this and substantially tightened their lending criteria. In a matter of weeks, the days of 100% mortgages were gone and loan to value ratios were cut dramatically.

3 / Lending halt

This alone would be enough to cause a housing crash, but on top of this the banks stopped lending to each- other almost completely. This credit crunch affected the entire economy from small businesses to the largest industrials and we are now seeing the rising unemployment and reduced spending that a shrinking economy causes.

The result of this unhappy alliance of bleak news is that buyers couldn’t borrow money to fund their moves, vendors couldn’t afford to take lower offers on their homes as that often dragged them into negative equity and thousands of builders, estate agents and mortgage advisors went bust as business dried up.

The lettings market has been hit too as thousands of homeowners, unable to Sell House Quickly but needing to move have found themselves having to let their properties out, in effect becoming reluctant landlords and massively increasing supply. The result of this is that cash for houses have been dragged down in the rental sector and many buy to let investors are finding that their rents no longer cover their costs and their investments are repossessed by the bank, further damaging the market.

Is there a way out of this crisis?

The only route back to stability is for the banks to begin normal lending again both to each other and to homebuyers. Without this the market is in for an even worse 2009. Only time will tell.

London says “Happy New Year”

London

Image taken on 2006-01-01 00:02:37 by Mexicanwave.

London Fireworks on New Year’s Day 2010 – New Year Live – BBC One


London’s spectacular midnight fireworks display, welcoming in 2010. Happy New Year! www.bbc.co.uk

London Fireworks on New Year’s Day 2009 – New Year Live – BBC One


London’s spectacular midnight fireworks display, welcoming in 2009. Happy New Year! New Year Schedules: www.bbc.co.uk

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