My view is that if Yahoo can win over entrepreneurs, it will help drive innovation. If they innovate, that will help win over consumers. You know what agencies flock to? Innovative companies that consumers flock to.
— Jeff Lanctot, chief media officer, Razorfish in “As ‘Tech’ Company, Yahoo Is Giving Ad Agencies A New Look: The Cold Shoulder.” (AdAge)
The age-old dilemma for all Silicon Valley tech companies is whether they’re really media companies. Google went through this debate ad nauseam in its early days. The challenge is these companies are both: They’re tech companies with media business models. Yahoo made the decisive turn to focus on its tech side when it passed over Ross Levinsohn for Marissa Mayer, a virtual unknown to Madison Avenue. Lanctot crystallizes why this tech-company-or-media-company debate is a false one. Ad buyers follow audiences. Yahoo’s relevance depends on that, whether it attracts that audience through hot mobile tech or through great content.
More in Marketing
Walmart deepens its metaverse presence with new e-commerce experience selling physical goods on Zepeto
Walmart’s decision to focus on virtual clothing items for its latest foray into the metaverse shows how the company has learned from its previous experiments in the space.
Brands are seeing an influx of traffic from ChatGPT and Google Gemini
DTC brands are grappling with how best to harness the traffic coming from AI chat tools like ChatGPT and Google Gemini.
‘I need those home runs’: TikTok viral brands plan a future without the For You Page
Brands that rode a wave of virality thanks to TikTok’s algorithm now grapple with the challenge of recreating virality elsewhere.