4 ms·

If it's really only $280B worldwide and world has circa 80T of nominal GDP or probably about 55T of consumer spending, it makes only 0.5%. It's seriously VERY h

If it's really only $280B worldwide and world has circa 80T of nominal GDP or probably about 55T of consumer spending, it makes only 0.5%. It's seriously VERY hard to believe it's not an efficient spend of money. For many people, online ads (or at least if you include SMM, for sure), even if you never click on them, is a serious driver of consumer behavior. I don't have any social media accounts, too old for most consumer target groups, and i am as underrepresented online as possible, and yet i am sure i am making way more than 0.5% of my consumer choices that way. Can't see it as a bubble.

rolltiide 7y ago
What exactly are you extrapolating here? You just described yourself as the least qualified person to make that conclusion all while seeming to use your behavior as reference that other people behave as an amplified version of consumer you. And that all seems to be a distraction: a “bubble” bursting doesn’t mean the behavior stops, it means less money is poured into the industry of supporting the bubble. It means the current size and market behavior is an inefficient consolidation of capital and productivity.