Today's Must Read - Amazon Wades Deeper Into Influencer Marketing With Influencer Storefronts
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Tuesday, September 17
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Today's Must Read
[Amazon Wades Deeper Into Influencer Marketing With Influencer Storefronts](
Amazonâs steady growth into a major advertising destination has deepened its interests in influencer marketing. The Amazon Influencer Program launched in 2017 as a way for influencers to earn a rev-share from driving sales on Amazon through links on their social media posts⦠[More.](
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News Round Up
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Mind The Shop
Amazon updated its product search algorithm to give its private-label brands an edge over other relevant or best-selling items, The Wall Street Journal reports. The secret algorithm change was introduced late last year, according to sources who worked on the project. Amazonâs retail and marketplace team in the Seattle headquarters has for years been pressing Amazonâs search algorithm unit, dubbed A9, to help juice sales of Amazon-owned products. The A9 engineers, based in Palo Alto, Calif., have historically taken a neutral, user-centric approach. But as Amazon tries to turn its sprawling fiefdoms into a cohesive platform, it will face situations like this where it must carefully balance internal disputes and potential antitrust scrutiny. [More](.
Pay To Play
FastPay, which finances deals between buyers and sellers of digital media, announced an $80 million fund backed by AIG that it will use to issue credit. [Read the release](. Ad tech and digital media companies often carry high âaccounts receivable,â which means they arenât paid upfront for campaigns theyâve run. But traditional lenders donât like âaccounts receivable.â As Videology and Sizmek learned in the worst possible way, hundreds of thousands or even millions of dollars in accounts receivable revenue isnât actually money in the bank. Itâs a risky move for AIG, USC finance professor Rodney Ramcharan tells the Los Angeles Business Journal. âIf the economy tanks, some of the players in this may lack the capacity to make good on their debt,â he said. But thereâs plenty of opportunity too, if FastPayâs financial data enables it to discern sustainable and growing private companies in the space from the riskier bets. [More](.
Cutting Capers
Caper, a company that makes smart in-store shopping carts (i.e. carts with a touchscreen) raised $10 million. Among its backers is the Red Apple Group, which owns grocery chains like Gristedes and DâAgostino. Shopping cart manufacturers may not seem like targets for tech disruption, but smart cart startups have raised tens of millions in the past year. Caper âbridges the digital and physical shopping experiences,â said John Catsimatidis, Jr., principal of the Red Apple Group, in a [press release](. The in-store tech is pitched to customers as a shopping helper, but data and incremental revenue is the prize. âCaper not only streamlines checkout but also, through its screens on the cart, interfaces with shoppers to deliver product details, recipes, and tailored recommendations as they shop,â CEO Lindon Gao said in a statement.
But Wait, Thereâs More
- [ANA: Two-Thirds Of Marketers Updated Agency Contracts In Response To Kickbacks]( - MediaPost
- [Who Would I Be Without Instagram? An Investigation.]( - The Cut
- [The Strategy Behind TikTokâs Global Rise]( - HBR
- [Womenâs World Cup TV Ads Drew More Than $100M, Smashing Estimates]( - WSJ
- [Media Coâs Need Huge Scale To Survive, Cheddar Founder Says]( - The Information
- [Google Tests âIn-This-Videoâ Search Feature]( - Search Engine Land
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[The Big Story Episode 60:]( The Great Ad Tech Reformation
[The Big Story Episode 59:]( The Cookie Rumbles
[The Big Story Episode 58:]( Cleanliness Is Next To Platform Data
[The Big Story Episode 57:]( Targeting Targeted
[The Big Story Episode 56:]( Sizing Up The Competition
[The Big Story Episode 55:]( RTB, R Not TB?
[The Big Story Episode 54:]( The Fire That Burns Brightest
[The Big Story Episode 53:]( Ad Tech Fight Club
[The Big Story Episode 52:]( Layser Sights
[The Big Story Episode 51:]( Here Comes A New Challenger
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[AdExchanger Talks Episode 144:]( CEO Brendan Monaghan
[AdExchanger Talks Episode 143:]( Executive Partner Babs Rangaiah
[AdExchanger Talks Episode 142:]( CEO Charlie Gottdiener
[AdExchanger Talks Episode 141:]( CEO David Moore
[AdExchanger Talks Episode 140:]( Author David Kidder
[AdExchanger Talks Episode 139:]( Investor Darren Glatt
[AdExchanger Talks Episode 138:]( Nationwide's Jamie Byrum
[AdExchanger Talks Episode 137:]( Merkleâs Michael McLaren
[AdExchanger Talks Episode 136:]( Accenture Interactive's Nikki Mendonça
[AdExchanger Talks Episode 135:]( CIMM's Jane Clarke
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