yes, there will be a catastrophic domino effect on ad tech companies, including public ones
basically, it's clear some have all their eggs in one basket; the basket is heading toward catastrophic failure
more evidence of widespread fraud is being docume…lnkd.in/d7UFJbne
note that bad guys love buying up small, struggling publishers that have real (but small) human audiences
that provides the perfect cover for fraudulent activities
they takeover the formerly legit site, and juice the numbers for various forms of fraud to make money
Nov 17, 2021 • 9 tweets • 3 min read
I drew this chart in 2015, showing 2/3 of digital ad dollars being siphoned out of the ecosystem into the pockets of bad guys (with the help of adtech intermediaries)
there's not enough humans on earth and hours in a day for them to consume so much media to generate the quantities of impressions (by one estimate 15 trillion bid requests per week)
2/3 of the impressions are "something else" (not humans)
Nov 16, 2021 • 4 tweets • 1 min read
advertising is the wrong answer
if ads paid the bills, publishers are incentivized to generate more pageviews/imps to get more revenue - divisive and fake content always generate more pageviews
it's really hard to "hold the line" on quality journalism when it means less revs
at this point, nobody wants to be responsible for "the good of society"
because everyone is too busy making more money for themselves -- i.e. capitalism
quality journalism doesn't pay right now, because no one values it -- neither advertiser, nor consumer
@zsk the money-making does work for some influencers; and there are many aspiring influencers
but once they start to buy followers to make their influence look greater than it really is, the whole thing devolves (for them, the advertisers, and the users tricked into buying)
@zsk follower fraud has been happening since web 2.0
and now, it's fully automated by bots, managing vast quantities of fake accounts
that is a great example -- basic "due diligence" is what is needed to see the fraud and do something about it
forbes.com/sites/augustin…@RioLongacre@garicruze and confirmed, less than 50% of an advertiser's dollar goes to "working media" (showing digital ads) when they buy through the long, complex, and non-transparent programmatic supply chain
I literally don't know what they are smoking to make this statement
“The trade in traffic hasn’t been eliminated, but it is substantially harder to buy fake traffic and it’s substantially more expensive to buy realistic-looking fake traffic that will actually get the buyer paid"
the article from @OSchiffey
Throw The Brand Safety Out With The Bath Water forbes.com/sites/augustin…
Local news killed by fake news
- 2,000 newspapers died
- 1,300 local news "deserts"
Jan 26, 2021 • 12 tweets • 4 min read
highlights from Reed Smith's summary of
The case is Phunware Inc., vs. Uber Technologies Inc. and Uber Technologies Inc. vs. Phunware Inc., case number CGC-17-561546, in the Superior Court of the State of California, County of San Francisco.
reedsmith.com/en/news/2021/0…
"Uber counterclaimed against Phunware, accusing it ... of wire fraud, racketeering, transporting fraudulently obtained funds across state lines and common law fraud, seeking up to $17 million in compensation as well as additional amounts for punitive damages.
Global App Spending Passed $100 Billion in 2020 statista.com/chart/22377/gl…
what is the FIRST thought that should come to mind when you see a stat like the one above?