Home The Big Story The Big Story: Midterm Political Ad Spending – And Is Meta The New AOL?

The Big Story: Midterm Political Ad Spending – And Is Meta The New AOL?

SHARE:
The Big Story podcast

Anyone watching ad-supported connected TV apps at this time of year is likely seeing lots of election ads. That’s because CTV has become a favored distribution channel for candidates to spend their ad dollars.

Local media, on the other hand, is contextually relevant but not as popular for election campaigns. The gerrymandering of districts often means that a region’s coverage or DMA doesn’t align with the congressional district a candidate is trying to reach. (Consider a New Hampshire candidate being tied to the expensive Boston market for local news.)

But whether connected TV is effective for politicians is an open question. When candidates blanket an area with CTV ads before they show up to canvass in person, for example, is that clever or creepy? Letting politicians do “clever” campaigning has backfired in the past, and Facebook/Meta is still digging out of that mess from previous election cycles.

No wonder TikTok, already under scrutiny for its foreign ownership, bans political advertising and is now blocking politicians from fundraising on its platform, too.

Then, speaking of Meta and messes, is Facebook the next AOL? Despite billions of users and a hard-to-beat ad engine, its growth has stalled. And the metaverse, its purported replacement, is still years away.

The head of our gaming beat, Associate Editor Anthony Vargas, unpacks the metaverse opportunity. For one, although people often conflate them, gaming and the metaverse are not the same thing, he notes.

Despite skepticism, metaverse technology will likely (eventually) become widely adopted, but the reality is that many technologies languish for years before finding a useful application. Just look at voice and how long it took for Alexa, Siri and Google Home to gain a foothold.

But Meta may not be the best – or at least not the most convincing – evangelist for the metaverse.

Consider CEO Mark Zuckerberg’s decidedly uncool avatar in Horizon Worlds, for which Facebook was widely mocked. Zuck’s bland look isn’t one that will inspire would-be followers – and it’s just this kind of misstep that adds fuel to the argument that Meta could be heading the way of the once-powerful AOL.

Must Read

Minute Media’s Latest Acquisition Brings Automated Content Creation To Its Online Sports Video Network

As display falters, Minute Media is acquiring AI tech that cuts longer-form video content and full-length games into bite-size clips.

With GAM Going Direct To Buyers, SPO Is The New Normal

GAM’s dinner with ad agencies sparked speculation that Google is preparing to spin off its bundled SSP and ad server as a remedy to its ad tech monopoly. But Google says it’s just part of the trend of SSPs going direct to buyers.

Google’s Proposed Fix To Its Ad Tech Monopoly Is At Odds With The DOJ’s Remedies

Late Friday evening, Google filed its proposed remedies to its ad tech monopoly to District Court Judge Leonie Brinkema, and unsurprisingly, they’re rather mild – and very different from what the Department of Justice is looking for.

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

Exclusive: Lance Armstrong’s VC Firm Invests In AI-Powered Health Care Ad Tech Startup BranchLab

BranchLab, an AI startup for healthcare marketers, just added a new high-profile backer: Lance Armstrong’s Next Ventures, which invests in health and wellness startups.

Comic: Gamechanger (Google lost the DOJ's search antitrust case)

Judge Mehta’s Remedies For Google’s Search Monopoly Won’t Cure What Ails Publishers

Remedies in the federal search antitrust case against Google landed with a thud earlier this week. Most publishers and ad industry pundits were sorely disappointed.

Conversion APIs Are Becoming Table Stakes – But Not All Brands Have Bought In

CAPI integrations have moved from a nice-to-have to a necessity for anyone operating within walled garden environments. Now they’re laying the groundwork for an outcomes-driven ad ecosystem.