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Pointing at Amazon and Apple advertising rev to estimate X's ad rev potential is a joke and investors actually bought it. Its just a sign of how much dumb mone
by bxbxl 2y ago
Pointing at Amazon and Apple advertising rev to estimate X's ad rev potential is a joke and investors actually bought it.
Its just a sign of how much dumb money exists in the US.
Total ad industry revenues is hitting all time high not because of Ad efficiency or because people love ads but because Attention is finite.
That Attention pool is already being massively over fished. In a fight among equals who ever has a bigger ad budget wins. This leads to Ad prices constantly rising and Ad tech platforms reporting record rev and profit every quarter.
But it cant go on forver. Just a matter of time before Adtech platform hit upper limits. Its probably already happened.