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...WPP’s Ogilvy advertising agency is creating a division specialising in online “health influencers” to help pharmaceutical companies tap a trend towards personalised health and combat misinformation....
...Delaying the IPO means Reddit has also had the chance to diversify revenue beyond advertising before attempting to join markets....
...It had $800mn in sales last year, coming largely from advertising....
...They added that this was not an issue for some roles such as advertising sales. Two current insiders said they had been told to prioritise hiring Chinese or Mandarin-speaking staff in the US....
...Lemonade relies on advertising for growth because it sells cover directly to customers rather than through insurance brokers....
...They worked quicker and work was of a higher quality....
...The business has focused on investing in international expansion, ecommerce and independent TV production, and tried to diversify its revenue away from advertising....
...But higher advertising and promotional expenses weighed on net income, which fell 9.7 per cent from a year ago to a still better than forecast $309mn....
...AKQA’s Ahmed sees machine learning helping with the “mechanistic, labour-intensive” jobs “enabling humans to do the higher level thinking and provide more space for ideas”....
...It has continued to shift to AI-driven ad formats, which are intended to improve its advertising customers’ return on investment....
...TikTok generated around $6bn from US advertising last year, according to digital advertising analyst Brian Wieser — a drop in the bucket compared to the $138bn in advertising Meta produced....
...Top advertisers are expected to pay about $7mn for 30 seconds of advertising during Super Bowl LVIII, an increase of about 10 per cent on last year’s event, according to Dentsu, the global advertising agency...
...“No less than Karl Marx said advertising was a maggot of capitalism. In other words, advertising people, we’re all maggots.”...
...TikTok makes money from digital advertising, in-app purchases and transaction fees....
...Its enthusiasm is shared by French rival Publicis, which trades on a forward price/earnings ratio of 13, some 5 points higher....
...Meta said: “Subscriptions as an alternative to advertising are a well-established business model across many industries . . . We will continue to engage constructively with the Commission.”...
...Buying a budget TV maker is not the most obvious way to sell more advertising....
...WPP shares initially rose more than 6 per cent on Tuesday after the group upgraded its medium-term financial targets on the back of cost-cutting measures, before falling back to trade at about 1 per cent higher...
...Prices for food and consumables were “slightly higher than a year ago”, he added....
...Netflix said memberships to its advertising-supported tier rose 65 per cent from the previous quarter....
...Advertising revenue — which accounts for the vast majority of Google’s top line — grew 13 per cent to $61.7bn, compared with analysts’ $60.2bn consensus forecast....
...Advertising software group Klaviyo was the only large software listing on NYSE last year, as Nasdaq lured chip designer Arm and delivery group Instacart....
...Next year, the total will be higher still. Even with billions of dollars pouring in it is still not clear what sort of AI company Meta is building....
...Reddit’s main source of revenue is digital advertising. It estimates a $1tn digital advertising market opportunity, meaning it currently has a sub-0.1 per cent slice of the total....
...proposed revamp to its cash cow search engine would mark the first time the company has put any of its core product behind a paywall, and shows it is still grappling with a technology that threatens its advertising...
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