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by gccs 1799 days ago
Coke stopped buying advertising once. Cause everyone already knows about them, so why pay for ads? Their sales dropped dramatically. Now they pay for lots of ads.
3 comments

Different context but in 2012 eBay stopped buying keyword search ads and nothing happened

https://hbr.org/2013/03/did-ebay-just-prove-that-paid

https://www.forbes.com/sites/augustinefou/2021/01/02/when-bi...

That's only surprising if you mistakenly imagine ads to be about competition. Instead, ads are about getting you to consume things you don't need, and since no one needs Coke,lless advertising -> less sales overall. Of course, that's only a bad thing for Coke, and should be encouraged actually.
citation?