The biggest story in tech no one’s talking about is Uber discovering they’d been defrauded out of $100M - or 2/3 of their ad spend. And all bc Sleeping Giants kept bugging them to block their ads on Breitbart.pic.twitter.com/SiS3MndewS
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This shit is BRAZEN, right? So at this point, Kevin turns off 2/3 of their ad spend...and once again, no change in performance!!! Over $100M worth of ads was doing jack shit. Uber’s customers were coming in organically, on the strength of their brand, WOM, referrals, etc.pic.twitter.com/pvgHUZCZki
After knocking out $100M in fraud, Kevin is now working with about $50M. So now he turns to general campaign performance & optimization (the standard stuff) and realizes he can knock off another $20M in wasteful spend.
So in the end, Uber could have met all their growth & acquisition goals for about a little more than 1/10 of the price tag. Lol.pic.twitter.com/RRss3lhuyf
Please listen to the whole extraordinary interview w/ Kevin & @themktgtoday!
Listen here:https://www.marketingtodaypodcast.com/194-historic-ad-fraud-at-uber-with-kevin-frisch/ …
Btw, we’re uncovering the whole damn adtech grift in our newsletter, BRANDED. Subscribe here!https://branded.substack.com/
The screenshots from my first tweet is from @AdContrarian’s newsletter. He keeps an eye on all the shenanigans.
Read more here:
http://createsend.com/t/d-7426D8509B0D40372540EF23F30FEDED …
If you're curious how this plays out for small businesses, we did an audit for Headphones[.]com. They went from $1200/day to $40/day with no change in performance. Read the case study:https://branded.substack.com/p/under-the-hood-of-a-criteo-ad-campaign …
Obligatory pitch: If you're a global brand or F500, we can train your teams to check their ads and develop guidelines for your in-house teams + agencies. It's the only thing that works!http://checkmyads.org
Name names.
This is insane - it's the same old black hat SEO tactics that were frowned upon (to put it mildly) 15 years ago.
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