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Instagram unveils two new advertising channels

Martech

Instagram unveiled two new advertising channels this week. Reminder Ads is designed to “ help advertisers build awareness, anticipation, and consideration for upcoming moments.” Reminder Ads image via Instagram Now in search. Meta is floundering fiscally, but more ads on Instagram may be counterproductive.

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Meta unveils generative AI tool for Facebook and Instagram advertisers

Martech

Advertisers can use it to create alternative ad versions, use text prompts to generate backgrounds and crop images for Facebook or Instagram ads. It lets advertisers: Create different versions of the same ad copy for different target groups, while maintaining the main message. Why we care. Get MarTech! In your inbox.

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Meta More Than Doubled Revenue From its AI-Powered Ad Tool

Adweek

Meta, the parent company of Instagram and Facebook, reported a 27% increase in revenue, reaching $36.5 Advertising. Revenue from its Advantage+ Shopping Campaigns (ACS) more than doubled since last year, Meta CEO Mark Zuckerberg said during the Q1 2024 earnings call. billion compared to $28.6 billion in 2023.

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Why Advertisers Claim Meta Owes $7 Billion in Damages

Adweek

According to a class-action lawsuit brought by Facebook and Instagram advertisers, Meta's metrics flub owes them potential damages exceeding $7 billion. In a ruling, the 9th U.S.

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Meta’s Ad Business Is Still Surging As Headcount Ticks Upward

Adweek

Meta Platforms saw advertising revenue grow to $35.6 Following chief executive Mark Zuckerberg's cost-cutting "year of efficiency," which involved mass layoffs, the parent company of Facebook, Instagram and WhatsApp now has 69,329 employees, down 10% compared with. billion during the first quarter of 2024.

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Marketing Briefing: Why marketers, pivoting to brand awareness, are rethinking their advertising on Facebook and Instagram

Digiday

Some marketers are retooling the way they think about ads on Meta-owned Facebook and Instagram, aiming for brand awareness rather than immediate sales. While those same marketers are still diversifying their social media ad spending, they’re also rethinking what their ad dollars on Facebook and Instagram can do. (At

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Meta Pitches AR Ads to Advertisers at NewFronts

Adweek

As a part of its pitch to advertisers, Meta announced augmented reality with Reels ads and Facebook Stories at Thursday's NewFronts presentation. Previously, Meta offered AR ads in its Facebook and Instagram feed. Brands such as Sephora and Tiffany & Co.