French performance marketing giant Criteo’s promotion of its president and COO Eric Eichmann to CEO, effective Jan. 1, recalls Rocket Fuel’s recent leadership change. Eichmann succeeds JB Rudelle, Criteo’s founder and longtime chief, who will move into an executive chairman role. So why is this happening? Generally speaking, Criteo is worth more than every ad […]
Chicago-based ad platform company Centro let go 29 of its 725 employees on Monday, or about 4% of total staff. Unlike other recent layoffs in the ad tech sector – including at Turn, Collective and PubMatic – the cuts were not motivated by a shrinking pool of cash, restless investors or slouching revenue growth. Instead, […]
Glenfiddich, a family-owned maker of single-malt Scotch whisky, is among the first advertisers to place an addressable TV buy through DISH Network’s new programmatic marketplace, which launched in October. Glenfiddich’s media planning and buying agency, Resolute Digital, is using Rocket Fuel’s demand-side platform to serve an addressable, 30-second TV spot to the brand’s target audience […]
Last week’s layoffs at demand-side platform (DSP) Turn underscored uncertainty in the way advertisers and agencies pay for their buying platform technology. Turn invested heavily in implementing a SaaS-based revenue model – one that priced the technology on a monthly subscription basis – and that investment ultimately did not pay off. By extracting the cost of […]
Sell-side platform PubMatic has dismissed more than 100 employees, AdExchanger has confirmed. The layoffs, affecting 20% of the company’s global staff, follow an 8% reduction in October. The combined cuts have reduced PubMatic’s workforce from 600 to about 450. Additionally the company lost two key leaders on the publisher and demand side: Evan Adlman, VP of publisher […]
Consumers don’t want to see repurposed 30-second TV spots in their social feeds, which is why a number of brands and their agencies are investing in content tailored for Instagram. In September, Instagram’s 400 million users began seeing more ads as the image-centric platform turned on 30-second video ads, as well as landscape ads, which […]
Square may be a unicorn – but it’s got its eye on the little guy. “We’re leveling the playing field,” said Kevin Burke, former Visa CMO and now head of acquisition at Square, which completed its long-awaited IPO in mid-November. “We’re helping small businesses close the loop.” Integrating online and offline has long been the […]
For the first time outside of a recession, linear TV ad spend has stopped growing, according to global ad revenue updates by MAGNA Global and ZenithOptimedia, both released Monday. While national TV ad sales grew .3% to $42 billion in 2015, MAGNA predicted it will decrease by .3% in 2016. ZenithOptimedia’s Advertising Expenditures Forecast also […]
“If I didn’t work for the Guardian, I would block ads,” said Guardian US CEO Eamonn Store. He’s fed up with the poor-quality ads that slip through on the Guardian and other trusted sites. As an avid reader of the Guardian, he sees ads for loan sharks and other unsavory ventures slip through frequently, leading […]
Buenos Aires-based game studio Etermax is a rare creature in the app development world. “We don’t focus on user acquisition,” said CEO and founder Maximo Cavazzani. It’s quite a statement considering that Etermax is the developer responsible for quiz app Trivia Crack, which was the most downloaded app in the App Store in late 2014. […]
