Business
Build a following: Lego's become a master of modern marketing

Build a following: Lego's become a master of modern marketing

9/30/23 7:00PM

Build a following

Another brick in the wall of Lego’s success story is the brand’s presence on social media. Lego accounts on Instagram and YouTube have 9.5 million and 16.6 million followers, respectively, with Lego’s Facebook (14m likes) and Twitter (1m followers) also popular — no small feat when you consider that a children’s toy has this following on platforms that (in theory) don’t permit those below 13-years-old from making accounts.

Lego your own way

Lego produces unique content for all of its social channels tailored to the different platforms. The company’s YouTube channel features plenty of building, gaming, and how-its-made content, while its Instagram and Facebook pages mainly focus on personal stories, trends, and celebrity features.

Lego’s presence on Twitter and Facebook is also segmented into the most famous factions of the Lego-verse: Lego NinJago, Lego Marvel Game, and Lego Batman Movie are just some examples of accounts that Lego has whipped up to distribute specific content. The launch of Lego Ideas in 2008, where users can submit concepts for new Lego products, is a social media strategy that’s since been copied by numerous brands (including us… send us your chart ideas!).

Everything is awesome

Despite an increasing number of complaints about the rising cost of Lego and the lack of sustainability of the plastic toys, which aren't biodegradable, surveys and rankings show the Lego brand remains almost universally loved and trusted — a rare thing in the often-polarizing modern world.

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Amazon is testing adding GM electric vans to its EV delivery fleet dominated by Rivian

Rivian may have some competition in its electric delivery van division: Bloomberg reports that Amazon is testing a small number of GM’s BrightDrop vans for its fleet.

According to Amazon, the test currently only includes a dozen of the vehicles. Amazon’s fleet also contains EVs from Ford, Stellantis, and Mercedes-Benz.

GM debuted BrightDrop in 2021, but the vehicles have struggled to sell and piled up on GM lots due to high prices and steep competition. GM began offering up to 40% rebates on the vehicles this year.

The test comes as Rivian struggles through tariffs and the end of EV tax credits. Earlier this year, it lowered its annual delivery outlook by about 13%. As of June, Amazon said it has more than 25,000 Rivian vans across the US. Earlier this week, Rivian CEO RJ Scaringe said the company is still on track to deliver 100,000 vans to Amazon by 2030 and is “thinking about what comes beyond” that initial target.

GM has sold 1,592 BrightDrop vans through the first half of the year, more than the full-year total it sold in 2024.

GM debuted BrightDrop in 2021, but the vehicles have struggled to sell and piled up on GM lots due to high prices and steep competition. GM began offering up to 40% rebates on the vehicles this year.

The test comes as Rivian struggles through tariffs and the end of EV tax credits. Earlier this year, it lowered its annual delivery outlook by about 13%. As of June, Amazon said it has more than 25,000 Rivian vans across the US. Earlier this week, Rivian CEO RJ Scaringe said the company is still on track to deliver 100,000 vans to Amazon by 2030 and is “thinking about what comes beyond” that initial target.

GM has sold 1,592 BrightDrop vans through the first half of the year, more than the full-year total it sold in 2024.

business

Paramount Skydance reportedly preparing an Ellison-backed Warner Bros. Discovery takeover bid, sending shares soaring

Paramount Skydance is preparing a majority cash bid for Warner Bros. Discovery, The Wall Street Journal reported, sending shares of both companies surging. The Journal’s sources say the deal is backed by the Ellison family, led by David Ellison.

WBD shares were up 30% on the report, while Paramount Skydance jumped 8%.

The offer would cover WBD’s entire business — cable networks, movie studios, the whole enchilada. That comes after WBD announced plans last year to split into two divisions: one for streaming and studios, the other for its traditional cable and TV assets. A recent Wells Fargo note gave WBD a price target hike, primarily because the analysts viewed it as a prime takeover candidate.

If the deal goes through, it would bring together HBO, CNN, DC Studios, and Warner Bros.’ film library with Paramount+, Nickelodeon, and MTV, all under one umbrella.

The offer would cover WBD’s entire business — cable networks, movie studios, the whole enchilada. That comes after WBD announced plans last year to split into two divisions: one for streaming and studios, the other for its traditional cable and TV assets. A recent Wells Fargo note gave WBD a price target hike, primarily because the analysts viewed it as a prime takeover candidate.

If the deal goes through, it would bring together HBO, CNN, DC Studios, and Warner Bros.’ film library with Paramount+, Nickelodeon, and MTV, all under one umbrella.

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