One of the giant iceberg industries - it's all around us but we don’t really see it - is advertising.  Frequently touted as the first to suffer, first to recover on the economic cycle, but also counter cyclical, since you need to sell harder in tougher times. Now we are seeing wobbles in economic data, some serious haircuts in tech exits and layoffs from the great and the good, it seems only right that we double down on a massive global ads market this week to see if it is suffering and if it is - might there be troubles ahead?

For more on Bubble Trouble, including transcripts of the show, visit us online at http://bubbletroublepodcast.com

You can learn more about Richard at https://www.linkedin.com/in/richard-kramer-16306b2/

More on Will Page at: https://pivotaleconomics.com

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Bubble Trouble: Navigating the World of Digital Advertising

In this episode of Bubble Trouble, hosts Richard Kramer and Will Page explore the state of digital advertising, its potential growth, the impact of technological trends, and the challenges it faces in terms of fraud and wasteful spending. They discuss the influence of AI in advertising, the philosophy behind programmatic advertising, and how economic cycles affect advertising spend. They also delve into the strategies employed by big companies like Google, YouTube, Facebook, and Instagram in the face of fraudulent activities. Richard points out marketers' inherent conflicts of interest and the ways AI could enhance ad targeting and testing. The hosts end with an insight into how poor economic periods could push companies to advertise harder to maintain their market presence.

00:00 Introduction

00:53 Part One

01:41 Understanding the Imperfections of the Advertising Market

01:57 The Size and Giants of the Advertising Market

02:36 The Impact of Social Media and Retail Media on Advertising

05:32 The Journey of Advertising: From Brand to Direct

21:43 The Influence of AI on Advertising

25:22 Addressing Ad Fraud in the Advertising Industry

25:48 Part Two

26:21 The Problem with Stream Fraud

26:39 Understanding the Different Types of Ad Fraud

27:20 The Impact of Fraud on the Music Industry

28:25 The Role of Bots in Ad Fraud

28:28 The Rise of Made-for-Advertising Sites

29:16 The Challenges of Programmatic Advertising

30:58 The Dangers of Malvertising

32:33 The Fear of Outing Fraudsters

37:49 The Future of Advertising on WhatsApp

43:16 The Impact of Elections on Advertising

47:26 The Role of AI in Improving Ad Targeting

48:12 The Influence of Advertising on Economic Cycles

48:27 Conclusion: The Imperfections and Opportunities in Advertising

50:01 Credits

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