Crisis Content Engagement
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Shaan discusses how crisis events in crypto create a short-term content engagement opportunity, while potentially damaging long-term audience retention. This insight comes from his experience running Milk Road, a crypto newsletter.
Key Points:
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Crisis Engagement Spike:
- Record open rates during major crypto events/crises
- People highly engaged with play-by-play coverage
- Similar to other crisis events (like Ukraine coverage)
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Short-Term vs Long-Term Effects:
- Short-term: High engagement and attention
- Long-term: Industry damage leads to audience drop-off
- Engagement likely to decline after 3 months when crisis coverage ends
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Industry Impact:
- Breaking customer trust sets industry back years
- Audience becomes disillusioned after crisis
- People stop following crypto news as intensely
- Similar pattern to how Ukraine coverage peaked then declined
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Business Challenge:
- High current engagement doesn't translate to long-term success
- Need to plan for post-crisis audience retention
- Industry damage affects all crypto content creators
29:17 - 30:30
Full video: 44:13SP
Shaan Puri
Host of MFM
Shaan Puri is the Chairman and Co-Founder of The Milk Road. He previously worked at Twitch as a Senior Director of Product, Mobile Gaming, and Emerging Markets. He also attended Duke University.