The August 2023 edition of “What’s Trending” covers noteworthy marketing news, including Quiznos’ comeback attempt with the return of the Spongmonkeys mascots and Twitter’s struggles with a 50% drop in advertising revenue after Elon Musk’s takeover. Netflix discontinues its ad-free plan, introducing a new ad-supported option to diversify revenue. The marketing program focuses on the core difference between buyer and customer journeys, lead generation content marketing, and reasons to invest in OTT marketing. The report highlights summer advertising trends with AI tools and short-form videos dominating, and the impact of “estimated read time” in meta descriptions on SEO. Hootsuite’s report guides marketers through the 2023 social media landscape amid economic uncertainties.