Turbotodd

Ruminations on tech, the digital media, and some golf thrown in for good measure.

The Politics of Advertising

leave a comment »

Good morning. And congrats to the Washington Nationals on the District’s first World Series victory in 95 years. What a series.

And on the subject of D.C., Twitter CEO Jack Dorsey announced yesterday that the company would stop accepting all political and issue ads on its platform globally starting November 22.

Dorsey stated in a Tweet that “we believe political message reach should be earned, not bought,” and that “this isn’t about free expression. This is about paying for reach.”

No word yet on whether or not Mark Zuckerberg provided a RT.

Apple earnings were out late yesterday, reporting Q4 revenue of $64B (up 2% YoY), with growth fueled by services, wearable and iPad.

Samsung, OTOH, saw its operating profit drop 56% to $6.6B on revenue of $53B, but still beat estimates.

Facebook’s Q3 saw revenue of $17.7B, up 29 YoY, and its daily active users rose 9% YoY. Political ads or not, Facebook is still printing lots of Benjamins.

Funding Rounds: U.K.. commission-free stock investing firm Freetrade raised $15M in a Series A…IoT back-end platform Particle raised a $40M Series C led by Qualcomm…Crunchbase raised a $30M Series C to help folks find “signals in the data” (meaning, they intend to become a dealmaker info resource).

Written by turbotodd

October 31, 2019 at 9:32 am

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: