Home Ad Exchange News EU Court Says Sites Liable For Facebook APIs; Vice Explores Merger With Refinery29

EU Court Says Sites Liable For Facebook APIs; Vice Explores Merger With Refinery29

SHARE:

Here’s today’s AdExchanger.com news round-up… Want it by email? Sign up here.

Pulling The Plug

Companies that use a plug-in to display Facebook’s ‘like’ button on their websites are jointly liable for any customer data transferred through the widget under GDPR, the EU’s top court ruled on Monday. The court was looking at the case of Fashion ID, a German online retailer that was found transferring data from site visitors back to Facebook without users’ knowledge or permission, even if those visitors didn’t click the Facebook like button, CNET reports. While the court ruled that companies are not responsible for data after it’s passed to Facebook, they are required to disclose the data-sharing arrangement. Going forward, companies will need to explicitly tell EU consumers when they are sending data to Facebook or any other social platform through a plug-in. More.

Strength In Numbers

The digital media consolidation wave continues. Vice is in talks to buy Refinery29, The Wall Street Journal reports. The deal, which is not yet complete, would bring together two of the buzziest venture-backed digital media companies in the United States. Both Vice and Refinery29 raised hundreds of millions during the boom days of digital media, but have struggled to justify their lofty valuations in recent years as traffic and revenue slipped. Both companies have laid off staff and are looking to diversify revenue beyond advertising. Refinery29 is investing in video shows and a licensing business, while Vice is doubling down on its studio business under CEO Nancy Dubuc. More

Big Dogs Of Digital

Online advertising has skyrocketed in the past decade, but not every marketer is spending freely. Small business ad spend rates have plateaued, and marketing as a percentage of an average business’s expenses has even gone down, GroupM global president of business intelligence Brian Wieser writes in a blog post. Indeed much of the growth in digital ads has been powered by… digital brands. Facebook, Amazon, Netflix, Google, Booking, eBay, IAC and Uber spent a collective $26 billion on advertising last year. “Many of them are more heavily dependent upon paid advertising than most ‘traditional’ marketers ever will be, with several spending more than half of their revenue on advertising,” according to Wieser. More.

But Wait, There’s More

You’re Hired

Tagged in:

Must Read

The Trade Desk’s Revenue Growth Stalls As Big Brands Tighten Their Belts

“Our revenue growth is below our expectations and below the standard we hold ourselves to,” The Trade Desk CEO Jeff Green told investors.

Comic: Measuremints

Nielsen Is Acquiring DoubleVerify For $2.15 Billion

On Thursday, Nielsen entered into a definitive agreement to acquire DoubleVerify in an all cash transaction valued at approximately $2.15 billion.

WBD Hopes To Buoy Linear TV Long Enough For Streaming To Find Its Way

Warner Bros. Discovery cited softer ad sales growth and the continued decline of linear TV as its reasons for missing investor expectations in Q2. Unsurprisingly, streaming ads are the biggest bright spot on WBD’s earnings report card.

Privacy! Commerce! Connected TV! Read all about it. Subscribe to AdExchanger Newsletters
Comic: The Mobile Freight Train

AppLovin Asks For Patience As It Grows Its Ecommerce And Consumer Ads Business

“We’re deemed a new bucket, so a testing category,” AppLovin CEO told investors regarding its nascent consumer and ecommerce ads business. “And to graduate up takes time. This stuff compounds over quarters and years.”

Magnite Doesn’t Want To Be A DSP. It Just Wants To Own The Decisioning Layer

On Wednesday, Magnite CEO Michael Barrett painted a picture of a company that’s edging into the buy side by adding more DSP-style capabilities for planning and activation.

For Cuisinart, AI-Generated Ads Are As Handy As A Kitchen Blender

Cuisinart’s marketing team has been eager to take advantage of generative AI-based creative.