| It's not just the tracking concern. The disruption to traditional media economics is socially toxic. In the Before Times of 1993, if you're in situation #1, you call the advertisement department of the local newspaper, who is in situation #2. You pay them $250, the newspaper keeps basically all of it, and you get a quarter-page ad in the Sports section. You can go and open the paper and see the ad, and know roughly that most of the people in town read the local paper. You can also feel good that the money you spent is largely being used to support a local institution that has strong community value. Now, you go to Google/Meta/etc and set up a campaign. You pay for $250 worth of service. If you're lucky, you get some dashboards to get a vague idea where the impressions occurred. A collection of disparate webmasters get a grand total of $30 in CPM or CPC fees. Brin and Zuckerberg buy some new yachts. So advertisers aren't actually saving much, but we've dismantled the old media economy. * We're slicing same ad dollar across more and more publishers. It's cute that you can make $12 per month with AdWords on your blog, but it contributes to the death-by-a-thousand-cuts of local TV/radio/newspapers. When everyone is working on a $12-per-moonth revenue feed, all you're going to get is listicles and clickbait, or stuff designed specifically to game ad metrics (see: the 29-page slideshow article) * Visibility is terrible but in exciting new ways. The 1993 question was how "many people actually saw your ad in the Sports section?" The 2023 version is "how many of those 'people' are bots, how many of the clicks came from incentivized questionable activity, how many of these ads appeared on sites that would actually contaminate my brand?" * The middlemen have consumed a lot of margin. The fact that newsrooms are closing and media is getting more paywalled by the day suggests that the digital ad space have failed to deliver the same revenue that traditional platforms did. It's possible to do without a lot of this-- direct placement for example would pretty much work as well today as it did in 1993-- but it would require a lot of data to convince people that the big AdTechs' yottabytes of profiling don't justify the price they're charging. |