Twitter To Surpass $2B In US Ad Revenue In 2021 (EMarketer) Twitter will surpass $2 billion in US ad revenues in 2021, marking a 38.5% increase over 2020, according to Insider Intelligence. An increase in live events, sports, and product launches in 2021 has Increased demand for advertising campaigns on the platform and forced marketers to flock to it. 2. Meta To Restrict Ad Targeting On Sensitive Categories From January (NYT) To avoid platform abuse, Meta will restrict advertisers targeting ads to users based on their interactions with content related to health, race, ethnicity, political affiliation, religion, sexual orientation, and several other topics from January 19, 2022. It affects advertisers on Meta’s apps, like Facebook, Instagram, and Messenger. 3. Global Streaming Boom Is Leading To Translators Shortage (RestOfWorld) According to Paolo Sigismondi, a professor at the University of Southern California, increased global demand for streaming programs is turning Language Service Providers (LSPs) critical in distributing local content on a global scale for users with subtitles, voice-overs, and translations, amidst acute shortage for qualified professionals. 4. Facebook Struggles To Attract Young Fans Through Creators (Theinformation) Facebook’s own research and internal presentations have told CEO Zukerberg that Facebook lacks a reason to attract public figures and creators on its platform to contribute for their younger fans, who consider Facebook posts as “negative, fake, and boring.” Facebook’s new creator’s programs are meant to fix this gap. 5. Netflix To Rollout TikTok Like Short Video Clips For Kids (Bloomberg) Netflix is rolling out “Kids Clips”, a TikTok-like feature for kids, in its latest bid to attract younger viewers to its platform and help them discover programming. This will appear on Netflix’s iOS app, showing short videos from its existing library of children’s programs and movies. Netflix aims to add new clips daily based on its offerings. 6. Twitter Blue Adds New Features For US Users At $3 A Month (Engadget) Twitter Blue aims to attract new users by unlocking several additional features like the ability to “undo” a tweet or browse news without ads for the US users for $2.99/month and for New Zealanders at $4.49/month. Subscribers will also get new customization tools to rearrange features in the app’s navigation bar, add new color themes, and app icons. 7. DoubleVerify Acquires OpenSlate For $150M To Ensure Ad Safety (WSJ) DoubleVerify, which ensures marketers’ ad safety, is acquiring OpenSlate for $150 million to expand its offerings for advertisers to boost their digital marketing investments. OpenSlate helps marketers to verify that their ads show up in content that advertisers deem safe, avoiding videos that promote anti-social issues. 8. Fubo TV Gained One Million Subscribers With $156M Q3 Revenue (MediaPost) FuboTV, a sports-focused virtual pay-TV provider, doubled its paid TV subscribers close to one million in Q3. Its revenue shot up 156% to $156.7 million, with increased subscriber fees and ad revenue. Though the company trimmed its net loss to $105.9 million from $274.1 million in Q3 of 2020, its stock dropped 8.1% to $30.45 on Tuesday. |