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South Africa’s Flow gets funding to automate social media advertising for real estate agencies

TechCrunch

And it’s evident that proptech, unlike other industries, has lagged in utilizing social media to make sales. With its APIs, Flow connects to the websites of estate agencies and property developers and automates advertising for them on social media channels like Instagram and Facebook.

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Elon Musk says ‘go f**k yourself’ to advertisers leaving X

TechCrunch

Elon Musk said “go f**k yourself” to advertisers who recently paused spending on X after he endorsed an antisemitic conspiracy theory on the platform. Onstage at the DealBook conference, Andrew Ross Sorkin asked the X owner about these pauses in advertising. Musk replied, “Don’t advertise.”

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Is the advertising market in trouble?

TechCrunch

Snap, the parent company of the popular Snapchat social media service, reported earnings last week that investors rejected. Snap was not the only victim of its lackluster earnings digest — other companies that make money off of advertising incomes saw their share prices dip on concerns that the social network was not an outlier.

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Apple to pause advertising on X after Musk endorses antisemitic post

TechCrunch

One of X’s key advertisers, Apple, will pause its advertising on the platform, according to a report from Axios. Apple follows in the footsteps of advertisers like IBM and the European Commission, who have suspended ads on X amid increased on-platform antisemitism.

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Stealth startup Favs raises ~$1M for its close-friends-only social network

TechCrunch

Over the years, social media has moved further and further away from its original value proposition of being a network where you could keep up with close friends and family in a private space. Instead, today’s apps are entertainment giants, filled with creator content, multimedia and brand advertisements.

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5 methods for leveraging digital advertising during a downturn

TechCrunch

For those on the sidelines, the story of digital advertising over the past couple of years has been as entertaining as a binge-worthy TV series. While dramatic, these headlines tend to gloss over what’s actually going on: Digital advertising may be in transition, but it is not dead. More posts by this contributor.

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X CEO Linda Yaccarino publicly backs Musk after he says ‘f*ck yourself’ to advertisers

TechCrunch

X CEO Linda Yaccarino is publicly backing Elon Musk after he explicitly said “go f**k yourself” to advertisers leaving X during an onstage interview yesterday at the New York Times DealBook Summit.