Home The Big Story The Big Story: Investigations, Valuations, Valedictions

The Big Story: Investigations, Valuations, Valedictions

SHARE:
The Big Story podcast

The Big Story is a breezy new podcast featuring a roundtable of AdExchanger editors talking about the biggest stories from the past week. It is available wherever you subscribe to podcasts.

As much as agencies want the topic of kickbacks to go away, it seems like it’s here to stay now that the FBI has uncorked a criminal investigation. On Wednesday, the ANA – which years ago commissioned the catalyzing report examining rebates – advised its constituents that they were not obligated to participate in the FBI’s investigation.

This week on “The Big Story,” the AdExchanger team assesses whether and why marketers should or shouldn’t assist. No one doubts that the rebate problem persists, but is federal intervention required for its resolution? On the other hand, perhaps the FBI’s mere presence can snap some crooked players straight – and the industry could use a cleansing force from the outside.

Speaking of outside forces, AT&T’s purchase of AppNexus led to the inevitable: CEO Brian O’Kelley relinquishing the top spot at the company he founded. O’Kelley is no one’s follower, and his vision, along with his outsized personality and will to succeed, has been the driving force steering AppNexus safely through many perilous waters.

The AdExchanger team looks back at the man’s legacy – and his occasional conflicts – and discusses how to assess AppNexus in relation to its peers, including Criteo and current Wall Street darling The Trade Desk.

It seems there’s always an ad tech Wall Street darling. Once upon a time, it was Rocket Fuel. For a while, Criteo held the mantle. And these days, it’s all about The Trade Desk, whose valuation declined this month, but is up about 160% since the beginning of 2018. It’s looking good in the short term.

But can The Trade Desk’s’ fortune continue to rise, or will it eventually hit that ceiling that so many public ad tech companies seem to hit?

Join the AdExchanger team on “The Big Story” this week, as we look at what the past portends for the future.

Must Read

Comic: Alphabet Soup

Buried DOJ Evidence Reveals How Google Dealt With The Trade Desk

In the process of the investigation into Google, the Department of Justice unearthed a vast trove of separate evidence. Some of these findings paint a whole new picture of how Google interacts and competes with its main DSP rival, The Trade Desk.

Comic: The Unified Auction

DOJ vs. Google, Day Four: Behind The Scenes On The Fraught Rollout Of Unified Pricing Rules

On Thursday, the US district court in Alexandria, Virginia boarded a time machine back to April 18, 2019 – the day of a tense meeting between Google and publishers.

Google Ads Will Now Use A Trusted Execution Environment By Default

Confidential matching – which uses a TEE built on Google Cloud infrastructure – will now be the default setting for all uses of advertiser first-party data in Customer Match.

Privacy! Commerce! Connected TV! Read all about it. Subscribe to AdExchanger Newsletters
In 2019, Google moved to a first-price auction and also ceded its last look advantage in AdX, in part because it had to. Most exchanges had already moved to first price.

Unraveling The Mystery Of PubMatic’s $5 Million Loss From A “First-Price Auction Switch”

PubMatic’s $5 million loss from DV360’s bidding algorithm fix earlier this year suggests second-price auctions aren’t completely a thing of the past.

A comic version of former News Corp executive Stephanie Layser in the courtroom for the DOJ's ad tech-focused trial against Google in Virginia.

The DOJ vs. Google, Day Two: Tales From The Underbelly Of Ad Tech

Day Two of the Google antitrust trial in Alexandria, Virginia on Tuesday was just as intensely focused on the intricacies of ad tech as on Day One.

A comic depicting Judge Leonie Brinkema's view of the her courtroom where the DOJ vs. Google ad tech antitrust trial is about to begin. (Comic: Court Is In Session)

Your Day One Recap: DOJ vs. Google Goes Deep Into The Ad Tech Weeds

It’s not often one gets to hear sworn witnesses in federal court explain the intricacies of header bidding under oath. But that’s what happened during the first day of the Google ad tech-focused antitrust case in Virginia on Monday.