Home Ad Exchange News Behind Instagram Founders’ Exit; Snap Fizzles?

Behind Instagram Founders’ Exit; Snap Fizzles?

SHARE:

Snap Fizzle?

This year, eMarketer estimates Snapchat will bring in $662.1 million in US ad revenue, a significant drop from the $1.03 billion it had projected last March. “We now expect that Snap will not break $1 billion in US ad revenue until 2020,” according to the revised figures. The downgrade is mainly due to Snapchat’s sudden tilt from direct sales to programmatic, which precipitated a large drop in CPMs as inventory moved to the open auction, says eMarketer principal analyst Debra Aho Williamson. As long as the company can bolster its engagement metrics (no sure thing in the wake of its loss of 3 million daily active users last quarter), the programmatic turnaround will yield dividends in 2019 and 2020. More.

#Beach #Instagood #WeOut

The sudden departure of Instagram founders Kevin Systrom and Mike Krieger comes at a tough time for Facebook and seems to have followed a period of rancor toward Mark Zuckerberg. Specifically, Systrom and Krieger were reportedly irate about Facebook’s decision to throttle traffic flowing to Instagram from the core Facebook app. “There was a feeling that Instagram could stand on its own two feet,” one Facebook exec tells NBC News. More. And the news has raised eyebrows on Madison Avenue, where ad execs are concerned that Instagram could lose its luster and keen instinct for young audiences, according to The Wall Street Journal. More. Adam Mosseri, Instagram’s head of product and the former head of Facebook News Feed, is reported to be taking over as Instagram CEO.

Who Can I Sue?

A group of the country’s top state and federal law enforcement officials gathered at the Justice Department in Washington, DC, on Monday to discuss potential tech industry regulations. No specific business practices or legal remedies were addressed in the meeting, but the formal partnership between state attorneys general and the federal government will allow “information sharing on separate litigations we have ongoing,” Mississippi AG Jim Hood tells The Washington Post. Industry observers feared the confab would devolve into grandstanding over search and social media political bias. But the state-level officials stayed on topic. “[The] AGs are really focused on understanding more as to what consumers are truly consenting to and what they may not know is going on with their data,” said Karl Racine, attorney general for the District of Columbia. More.

But Wait, There’s More!

You’re Hired

Must Read

Comic: Game Over?

The Google Antitrust Remedies Are Too Little, Too Late – But Publishers Will Take What They Can Get

Given how much the market has changed since the Google trial began, and the wiggle room in the ruling itself, publishers aren’t expecting much relief from the court’s behavioral remedies.

Comic: "Deal ID, please."

Can Sell-Side Curation Solve The Cookieless Audience Problem For Advertisers?

Indie agency KWG says sell-side curation can target more high-performing inventory with better match rates and lower data fees than buy-side curation.

Infillion Acquires Foursquare, Adding More Location Data To Its Ever-Growing Ad Tech Stack

Infillion checked in with its latest acquisition on Friday: Foursquare. Apparently, if there’s a strategically interesting or distressed ad tech asset on the market, Infillion will find it.

Privacy! Commerce! Connected TV! Read all about it. Subscribe to AdExchanger Newsletters

HBO MAX’s Reddit Account Was Compromised And Used For Ad Fraud

A week ago, HBO MAX had its verified Reddit account overrun by a hacker group, which eluded notice for two days while it ran 108 different ad permutations targeting an unknown number of Redditors.

Gaming Wants To Prove It’s Just Like Other Media Channels – While Also Owning How It’s Different

Adapting other channels’ strategies might be what gaming platforms need to do to get advertisers comfortable spending more. Leaning into gaming’s differentiators will come later, after bigger budgets arrive.

Comic: Clickbait

Taboola Eyes The Finance Vertical With An Offer To Acquire Ad Network Dianomi

Taboola has made an offer to buy Dianomi, a UK-based ad tech company that connects financial advertisers with premium business and finance publishers.