Chase's tweet goes viral (in a bad way). Plus, Google ad sales disappoint: Tuesday Wake-Up Call

-

Welcome to Ad Age’s Wake-Up Call, our daily roundup of advertising, marketing, media and digital news. You can get an audio version of this briefing on your Alexa device; sign up here.

What people are talking about today
Chase sent a #MondayMotivation tweet that backfired--it struck many people as tone-deaf and poor-shaming. Taking a casual, chatty tone, the bank offered up a hypothetical conversation between a customer and his or her bank account.
"You: why is my balance so low.
Bank account: make coffee at home
Bank account: eat the food that's already in the fridge
Bank account: you don't need a cab, it's only three blocks...”

In other words, if you're struggling to make ends meet, you're probably spending too much on Starbucks Frappuccino and avocado toast. Many did not appreciate that sentiment. Sen. Elizabeth Warren, a Democratic presidential candidate, weighed in, tweeting that taxpayers "lost our jobs/homes/savings but gave [Chase] a $25b bailout” amid the 2008 financial crisis.

Chase erased its tweet and posted a follow-up. “Our #MondayMotivation is to get better at #MondayMotivation tweets,” it wrote. “Thanks for the feedback Twitter world.”

‘Dead horse’
Growth at Google's big money-maker--its ad sales--slowed down in the first quarter, causing parent company Alphabet’s share price to drop 7 percent in after-hours trading. Quarterly ad revenue rose just 15 percent compared to the year-earlier period, which is “the slowest pace since 2015,” Bloomberg News writes.

Google blamed currency fluctuations and said the timing of ad product changes can affect year-on-year growth rates. But “on a conference call after the results, analysts repeatedly asked for more details, to the point where Ross Sandler from Barclays said he was beating a ‘dead horse’ by asking again,” Bloomberg writes.

A few questions here: Why did Google’s ad sales disappoint, when scandal-plagued Facebook reported revenues up 26 percent year-on-year in the same quarter? And does this mean the digital giant is feeling the sting of new competition from Amazon on digital ad sales?

NewFronts news
Monday was Day 1 at the Digital Content NewFronts, where players like Twitter, Condé Nast and Target are pitching new ad products to media buyers and marketers. Netflix was a topic of discussion; some people in the industry assume the streaming service can’t stay ad-free forever. As Ad Age’s Ilyse Liffreing writes:

“Tara Walpert Levy, Google and YouTube’s VP of agency and media solutions, even implied that Netflix is already working toward a future with advertising. Questioned about whether Netflix will remain ad-free, Levy said: ‘That’s not what their recruiters say. They’re going to need growth.’”

More from the NewFronts: “Twitter introduced new efforts to beef up its video offerings with a partnership with MTV during its Video Music Awards,” Ad Age’s Garett Sloane reports.

Keep up to speed with Ad Age’s NewFronts blog.

State of the industry
As we mentioned yesterday, we just published our 75th annual Ad Age Agency Report. But wait! There’s more! We dug into the archives to create a 75-year agency timeline. Check it out here.

Have a Coke and enjoy
Factoid of the day: The iconic Coca-Cola logo is written in something called Spencerian script, after a form of penmanship that came into vogue in the mid-19th century.

Why do we mention it? This summer, Coke will add the word "Enjoy" in Spencerian script on packs of Coca-Cola and Coca-Cola Zero Sugar, “marking the first time a word other than the brand has appeared in the iconic lettering in the United States,” Ad Age’s Jessica Wohl writes. 

Just briefly:
If you can’t beat ‘em…: “Marriott International Inc. is expanding its home-sharing business to the U.S., becoming the latest hotel operator to challenge Airbnb at its own game,” Bloomberg News reports.

Tracking changes: “Apple is tweaking its Safari browser (again) in a move bound to cause fresh headaches for marketers,” Ad Age’s George Slefo writes.

Swimsuit issue: Halima Aden appears in the Sports Illustrated swimsuit edition, “making history as the first Muslim model to wear a hijab and burkini in the magazine,” Sports Illustrated says. (Aden wrote on Instagram: “Don’t change yourself .. Change the GAME!! Ladies anything is possible!!!”)

Ad of the day: Ikea is well aware that you sort of hate going to Ikea. (Drag your kids there and you’re asking for a meltdown.) In the U.K., Ikea’s cute cartoon campaign called "We Love the Things You Hate" shows "a series of different services that Ikea can provide—like furniture assembly, delivery, car rental and childcare—that could transform your experience of shopping at the store,” Ad Age’s Alexandra Jardine writes. Check it out here.



from CommaFeed - Real Time Trends Network http://bit.ly/2GKR78S
via IFTTT

Comments

Post a Comment

Popular posts from this blog

Takeaways from the outcry over Dior’s Johnny Depp perfume ad: Tuesday Wake-Up Call

-
Welcome to Ad Age’s Wake-Up Call, our daily roundup of advertising, marketing, media and digital news. You can sign up to get an audio version of this briefing on your Alexa device. Dior pulls a perfume ad starring Johnny Depp Yet another luxury brand just had to backtrack after a culturally insensitive move. Dior on Friday pulled an ad for its “Sauvage” perfume, as Business of Fashion reports ; the spot starred Johnny Depp playing guitar in the desert while a Native American dancer, Canku One Star, performed in traditional dress. The company portrayed the spot as “an authentic journey deep into the Native American soul.” But the brand was quickly accused of cultural appropriation. Critics seemed most troubled by the juxtaposition of Native American imagery with the word "Sauvage"—which means “wild” in French, but which also evokes the history of labeling indigenous groups as “savages.”  LVMH-owned Parfums Christian Dior had apparently tried to proceed cautiously. It coo
Read more

When the coronavirus infodemic strikes

-
Image
Social media sites are stepping up their efforts in the war against misinformation… specifically, the coronavirus/COVID-19 infodemic . There’s a seemingly endless stream of potentially dangerous misinformation flying around online related to the COVID-19 pandemic, and that could have fatal results. It’s boomtown in fake-news land riding high on the wave of people being left with their tech devices 24/7. I myself regularly see everything posted online from “hand gel is an immunizer” (nope) and “children can’t be affected” (not true) to “UK rules mean domestic abuse survivors have to stay with their abusive spouse” (absolutely not true at all and hugely dangerous to claim).  We even have engineers being spat on thanks to 5G conspiracy theories potentially resulting in transmission of coronavirus . Turns out a global pandemic is a lightning rod for pushing people to conspiracy theories galore, to the extent that some folks have to go hunting for guides to wean their family members a
Read more

Taurus Project stealer now spreading via malvertising campaign

-
Image
For the past several months, Taurus Project—a relatively new stealer that appeared in the spring of 2020 —has been distributed via malspam campaigns targeting users in the United States . The macro-laced documents spawn a PowerShell script that invokes certutil to run an autoit script ultimately responsible for downloading the Taurus binary. Taurus was originally built as a fork by the developer behind Predator the thief . It boasts many of the same capabilities as Predator the thief, namely the ability to steal credentials from browsers, FTP, VPN, and email clients as well as cryptocurrency wallets. Starting in late August, we began noticing large malvertising campaigns , including, in particular, one campaign that we dubbed Malsmoke that distributes Smoke Loader. During the past few days we observed a new infection pushing the Taurus stealer. Campaign scope Like the other malvertising campaigns we covered, this latest one is also targeting visitors to adult sites. Victims are mos
Read more