Home Internet The great internet ad scam: Trusting the efficacy of online ad spend is irrational — it’s a bubble waiting to pop

The great internet ad scam: Trusting the efficacy of online ad spend is irrational — it’s a bubble waiting to pop

BCCL

Not the right kind of eyeballs

Synopsis

What if all this spending is based on misconceptions about personal behaviour and the illusion of precision that these platforms offer? From an advertiser’s perspective, the more funds that go into creating compelling content and targeting the right potential buyers, the better. Everything else is a waste. But reality is different.

Inflection points often burble along for decades. When they cross a tipping point, we say, ‘This came completely out of the blue!’ Take internet advertising, particularly programmatic ads that leverage data to target you and aim to sway your decisions. 97% of Meta’s and 80% of Google’s revenue comes from programmatic ads, while Amazon rakes in close to $47 bn. Worldwide spend on digital advertising will be about $740 bn in 2024. What if all this

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