Today's Must Read - Sen. Elizabeth Warren Wants To Force Google To Divest Its Ad Platforms
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Today's Must Read
[Sen. Elizabeth Warren Wants To Force Google To Divest Its Ad Platforms](
If Sen. Elizabeth Warren, D-MA, is elected to the White House in 2020, sheâs got a plan to break up Amazon, Google, Facebook and Apple. And her proposal specifically targets Googleâs ad platform business. [More.](
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News Round Up
Feed The Beast
Some VC-backed digital news startups are taking a more businesslike approach. âI think weâve seen a shift now toward more austerity [in digital media] because the focus now is not âcan you outrun everyone,â itâs âcan you outlast everyone,'â BuzzFeed CEO Jonah Peretti said during a session at SXSW in Austin. He said BuzzFeed progressed on its first step, making its work with the big platforms financially sustainable, Variety reports. BuzzFeed generated $300 million last year, $84 million of which came from Facebook, Google, Amazon and Netflix. But more than $100 million came from business lines that didnât exist in 2017, including its influencer and creators programs, a âproduct spotlightâ commerce unit and brand integrations for original shows and news programs. [More](.
Pros And Conquests
More companies are voicing complaints about having to defend their own brand names in online searches. The language learning company Rosetta Stone sued Google years ago for selling ads targeted against its name, arguing it was a trademark violation. Rosetta lost the case in state court but won an appeal and eventually settled with Google for an undisclosed sum. Such defensive keyword spending can sap ad budgets, especially when a strong rival is willing to pay whatever it takes to steal share, Bloomberg reports. Apps like Lyft and Uber or dating apps are locked in search ad standoffs that benefit Google most of all. âWhen it comes to brand keywords, some advertisers will spend beyond what makes sense. These decisions are not as rational,â says Mark Ballard, Merkleâs research VP. [More](. Amazon too, is [betting big on conquesting](.
New Age
Stagwell Group CEO Mark Penn is in talks to acquire MDC Partners and take over as chief executive. Itâs MDCâs second strategic review in the past three years, and the agency holding company needs a turnaround after losing half its stock value in the past year. MDC has been challenged by cost-cutting clients and a heavy debt load. Penn, formerly Microsoftâs chief strategy officer and an advisor to the Clintons, launched Stagwell Group in 2015 with $250 million in funding. If he buys MDC, heâll gain a stable of well-regarded creative agencies, including 72andSunny and Crispin Porter Bogusky, which would set him up as a âmini ad mogulâ in his own right, The Wall Street Journal reports. If an agreement is reached, the two companies will remain separate entities, according to people familiar with the deal. [More](.
But Wait, Thereâs More!
- [Facebook Just Shoplifted Snapchatâs Best Idea]( - NYT
- [Inside The Mass Invasion Of Your Privacy]( - Axios
- [On Tech Bubble Anniversary, Be Wary Of New Corporate Giants]( - WSJ
- [The Most Powerful Web Page Keeps Getting Stronger]( - TV[R]EV
- [Majority Of Marketers Have Dedicated Programmatic Talent]( - Marketing Mag
- [Comcastâs FreeWheel To Host Its First Upfront Event]( - Ad Age
- [Cookie Walls Donât Comply With GDPR, Dutch Authorities Say]( - TechCrunch
- [Warrenâs Proposal Could Give Marketers More Choice]( - Business Insider
Youâre Hired!
- [Newsweek Adds New CRO And VP Of Ad Sales]( - release
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