Influencer fraud predicted to cost brands $1.3 billion in 2019
In a survey of 800 marketing agencies, brands, and other sector professionals – almost two thirds reported experiencing influencer fraud. From this and other research (along with industry insiders’ insights), Cheq estimates a 15% composite rate of total ad spend lost to influencer fraud.
Based on the spending of $8.5 billion on influencers in 2019, this totals to an economic loss of $1.3 billion. Left unchecked, Cheq predicts that this will rise to $1.5 billion by 2020.
Correlation found between GDPR and online visits and revenue
suggests that A new academic study GDPR has had an effect on the recorded page views, site visits, and revenue of online firms.
The research is based on the analysis of 1,500 online companies that use the Adobe Analytics platform, including 128 sites that are visited one billion times a week by EU consumers.
Overall, it found that recorded page views and site visits have fallen by 9.7% and 9.9% respectively since the introduction of the GDPR. The report also estimates that revenue at European ecommerce sites declined by 8.3%, which is equal to an average lost income of $8,000 a week.
The study suggests that this could be due to a decline in the quantity and quality of advertising post-GDPR, as well as pop-ups (asking consumers for data permission) affecting how people browse online.
Ecommerce ad spend rises and CPCs fall
Elsewhere, the report states that paid search click volume increased 13% year-over-year, with Healthcare rising 30%, Technology by 25%, and Retail up 24%.
Marin also found that search CPCs are falling across all industries, withRetail now at £0.31 and Travel with £0.36. Notably, Healthcare dropped most sharply, seeing the lowest CPCs in five quarters at £0.88.
Pinterest ranks highest for social media customer satisfaction
According to the ACSI (American Customer Satisfaction Index), social media is one of the lowest-performing categories in terms of customer satisfaction, coming in the bottom six among the 46 industries that ACSI tracks.
Elsewhere, YouTube improved its customer satisfaction score by 4% to reach 78, Wikipedia saw a 4% decline to 74, and Instagram remained steady at 72.
Uber cuts 400 marketing jobs
There are said to be 25,000 people employed by Uber globally – out of which nearly half are based in the US. Before the lay-offs, the marketing team was made up of more than 1,200 people.
This news comes as the company attempts to to reduce costs and streamline operations after going public in May. Last quarter, Uber reported a loss of more than $1 billion. So far, other cost-cutting efforts have included reduced fares and fewer bonus payments to drivers.
Mobile ad fraud costs marketers $2.3 billion in H1 2019
AppsFlyer found that, in the first half of 2019, marketers lost over $2.3 billion of ad spend to fraud. There was also a 10x rise in fraudulent in-app purchase events between Q1 and Q2 2019, with more than one in four apps exceeding a rate of 20%.
In terms of sector, travel, retail and finance apps are among the hardest hit. The latter category is the most exposed to fraud due to the high pay-out it offers and its position as the third largest app category.
Finally, the report states that fraud on Android is more than six times higher than on Apple iOS. Furthermore, 80% of fraudulent installs on Android are the result of bots. On iOS, 85% of bad installs are due to click flooding, where networks send large numbers of fraudulent click reports in the hopes of delivering the last-click prior to installs.
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