“Reddit has been actively luring advertisers as it attempts to take advantage of its vast audience to build its business,” reports CNBC, adding that Reddit “has indicated it wants to increase advertising across the site, including more display and mobile ads and sponsored opportunities.”
An anonymous reader quotes their report:
The 13-year-old company is now trying to expand and is making an aggressive push to get advertisers on board… [R]epresentatives from a half-dozen ad agencies told CNBC they’ve been pitched by Reddit within the past year about the company’s plans to help brands target users. CNBC also obtained a 28-page presentation that Reddit has been sharing with advertisers…
Reddit is taking proactive steps to help clients protect their brands. In addition to its system of volunteer moderators and upvoting as a way to police content, three agencies that spoke with CNBC about Reddit said the company has discussed investing in technology like natural language bots to find questionable posts and hiring more people to monitor the threads. Reddit’s ad deck has a section dedicated to “brand safety,” where it explains how it places advertiser content in “white-listed” categories that are safe and has a team that watches over it. “Our dedicated account team constantly monitors Your Reddit Ad to ensure engagement is relevant and positive — creating a ‘walled garden’ of conversation you can moderate or ban as needed,” the slide says.
The artilce points out that Reddit is the third most-trafficked site in the U.S., but has far less ad revenue than other tech giants.
Google: $95 billion in 2018Facebook: $40 billionAmazon: $2 billion (from advertising) in the last three monthsTwitter: $655 million in the first three months of 2018Reddit: Over $100 million projected for 2018
of this story at Slashdot.
Source:: Slashdot