Home The Big Story The Big Story: Hey, Meta – Where’s My Refund?

The Big Story: Hey, Meta – Where’s My Refund?

SHARE:
The Big Story podcast

When Meta’s ad platform went awry during the witching hours of Sunday morning, some advertisers saw it overspend beyond their daily budget caps.

Marketers, especially those at small direct-to-consumer brands, started frantically emailing account reps and sharing war stories on Twitter about how much they were affected.

But on the Meta front, the response was muted. Some people internally seemed unaware that anything had even happened. Perhaps they were focused not on the account fire, but one that loomed even larger in their minds: layoffs, with another round of cuts happening a day after the bug.

Since senior editor James Hercher broke news of the system error, he outlined why it happened and why advertisers shouldn’t expect much besides ad credits. Though that may not be a welcome solution for some marketers whose overspending made their monthly balance sheet go awry.

While brands lost money, Meta will ultimately lose more by the way it reacted, Hercher says. Meta lost the pulse of its customer base, which has been getting increasingly frustrated with bugs and MIA account support.

Improving representation with targeted health care marketing

Then, we turn to how health care marketing is trying to offer more nuanced portrayals of its customer base in advertising. Mistrust in the health care field is high, from Black people aware of historical atrocities like the Tuskegee syphilis study to people who worry a doctor’s appointment could expose their undocumented status.

Health care marketing tends to take a low-risk approach to marketing because of privacy concerns and legal concerns, but it also needs to consider this mistrust. Having people on agency teams who reflect the audiences being served will improve representation – and avoid those cringey marketing moments.

As a companion to our series on health care marketing, senior editor Hana Yoo shares what she’s learned about representation and targeting in this tricky market.

Must Read

Hasbro And Animaj Form A New YouTube Ad Sales House For Kids And Family Content

The kids companies Hasbro and Animaj have formed a co-venture for selling their ads on YouTube and streaming media.

I Asked ChatGPT Where My Ads Were – But It Was Wrong, OpenAI Said

It’s official: ChatGPT has launched ads and the test will expand in the coming weeks. But don’t ask the LLM for details, unless you’re looking for misinformation.

Criteo Says It's Bullish On The Future, But The Market’s All Bears

Criteo has an optimistic pitch for future growth, but Wall Street doesn’t see the money yet from LLMs, commerce agents and social shopping.

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

Wizard Commerce Launches An AI Shopping Agent To Make Magic of Ecommerce Madness

What people need is an independent agent that peers across retailer and is entirely focused on ecommerce services. At least that’s the conclusion driving Wizard Commerce, a personal shopping agent that emerged from beta on Wednesday.

OOH Is Getting New Rules For Categorizing Venues In Programmatic Buys

The OAAA’s new content taxonomy introduces new subcategories that OOH media owners can use to classify their inventory in OpenRTB bid requests.

Green sage leaves with purple hues

Say Hello To SAGE, The Latest Agentic AI Platform

Agentic AI is gaining popularity as a tactic for media buyers and sellers striving to simplify workflows, including in streaming TV advertising. Ad measurement firm iSpot introduced SAGE, an agentic AI platform with a “ChatGPT-like interface” that media buyers can use to generate campaign planning ideas.