{"id":456,"date":"2024-04-10T17:43:11","date_gmt":"2024-04-10T17:43:11","guid":{"rendered":"https:\/\/cherylroll.com\/meta-advertisers-sales-down-costs-up-glitchy-automated-system-439603\/"},"modified":"2024-04-10T17:43:11","modified_gmt":"2024-04-10T17:43:11","slug":"meta-advertisers-sales-down-costs-up-glitchy-automated-system-439603","status":"publish","type":"post","link":"https:\/\/cherylroll.com\/meta-advertisers-sales-down-costs-up-glitchy-automated-system-439603\/","title":{"rendered":"Meta advertisers claim sales are down and costs are up due to glitchy automated system"},"content":{"rendered":"
Meta advertisers claim the cost of running campaigns across it platforms has surged due to ongoing issues with its algorithm.<\/p>\n
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.<\/p>\n
Why we care.<\/strong> If the reported ongoing algorithm issues continue to impact ad performance, marketers will need to take action to reduce costs by exploring rival platforms like Google and TikTok.<\/p>\n Details.<\/strong> Meta is a global leader in digital advertising with its platforms accounting for approximately 22% of the market, according to Emarketer. Small businesses in particular have traditionally been reliant on Meta to reach their target audience thanks to the efficiency of its AI-powered targeting technology. However, many advertisers claim that the social media giant’s dependable advertising system is currently experiencing significant issues, prompting some to reallocate their budgets to rival platforms.<\/p>\n Impact. <\/strong>The potential impact of this reported system issue on ad revenue is expected to become apparent by the end of the month when Meta releases its first-quarter earnings. Experts are forecasting Meta to report $36.1 billion in ad revenue.<\/p>\n Reaction<\/strong>. Cody Plofker, chief marketing officer at brand Jones Road Beauty, said on the “Operators” podcast: <\/p>\n What Meta is saying<\/strong>. Meta admitted that there have been some technical issues impacting ads but denied that the problems were widespread. A spokesperson told Bloomberg<\/a>: <\/p>\n Get the daily newsletter search marketers rely on.<\/p>\n \t\t\t\t\t\t\t\n
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