Meta ad revenue jumps 27% in Q1 2024

Meta ad revenue jumps 27% in Q1 2024

Meta’s ad revenue increased 27% in Q1 2024, a significant improvement over the 4% growth it saw in the same quarter a year ago.  Advertising revenue was $35.6 billion in Q1 2024 compared to $28.1 billion in Q1 2023. This success helped drive total Meta revenue to grow 27% year-on-year from $28.6 billion in Q1 … Read more

Meta could launch Threads ads this year

Meta could launch Threads ads this year

Advertisers might be able to purchase ads on Meta’s Threads platform as early as the second half of this year. That’s according to a Digiday (subscription required) report citing multiple sources. Why we care: Brands and marketers will soon have another way to reach their target audiences. Although Threads isn’t at the level of Facebook … Read more

Meta advertisers claim sales are down and costs are up due to glitchy automated system

Meta advertisers claim sales are down and costs are up due to glitchy automated system

Meta advertisers claim the cost of running campaigns across it platforms has surged due to ongoing issues with its algorithm. Brands report that sales and return-on-ad-spend have both plummeted, while cost-per-click and cost per 1,000 impressions are up by a factor of three in recent months – with no explanation from Meta as to why. … Read more

Using Meta Business Suite: A Complete Guide For Businesses

Using Meta Business Suite: A Complete Guide For Businesses

Business professionals like yourself have way too much to deal with on a daily basis – innovation that goes a million miles an hour, tens of teams that deal with different aspects of the company, and competition that just won’t quit.  Naturally, you’re always looking for the latest, most efficient tool that could make your … Read more

B2B audience targeting: Meta Ads as an alternative to LinkedIn

B2B audience targeting: Meta Ads as an alternative to LinkedIn

What if you could get your ads in front of your ideal customers for a fraction of the price? LinkedIn Ads is well known for its high costs compared to other platforms. Still, there’s a way to target a similar B2B audience on Meta, where advertising costs are significantly lower. But this assumes two things … Read more

Meta announces major audience targeting and insights update

Meta announces major audience targeting and insights update

Meta launched new audience insight and targeting options within its Advantage+ Shopping Campaigns. These new capabilities allow you to generate reporting breakdowns of your audience and target individuals interested in your products or services who haven’t yet made a purchase. Why we care. Understanding your audience better enables more effective campaign optimization, while precise targeting … Read more

Advertisers sue Meta for allegedly inflating ad viewership in $7 billion lawsuit

Advertisers sue Meta for allegedly inflating ad viewership in $7 billion lawsuit

Facebook and Instagram advertisers filed a class-action lawsuit against Meta for $7 billion in San Francisco. They claim that the social media giant exaggerated ad viewership figures by up to 400%, leading them to pay inflated premiums for ad placements on its platforms. Potential Reach metric. The advertisers suing Meta allege that the Potential Reach … Read more

Google, Meta and Apple under investigation for uncompetitive practices by EU

Google, Meta and Apple under investigation for uncompetitive practices by EU

The EU announced investigations into Google, Meta and Apple over potential violations of the Digital Markets Act (DMA). Should any of the tech giants be found in violation of the DMA, they could each potentially face fines amounting to up to 10% of their annual turnover. What is the Digital Markets Act (DMA)? The DMA is … Read more

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