Daily April 19

With a public market increasingly hostile to ad tech vendors and potential courters flush with cheap money, ad tech entrepreneurs are leaning toward selling up instead of IPOs. That’s easier said than done, of course. M&A activity in ad tech declined 25% in the first quarter of 2022 compared to the previous one, per investment bank LUMA Partners. Still, it’s unlikely this slowdown grinds to a halt anytime soon. On the contrary, deals look set to continue at a steady pace. Read more below.

• With a public market increasingly hostile to ad tech vendors and potential courters flush with cheap money, ad tech entrepreneurs are leaning toward selling up instead of IPOs.
• @KallMeKris has more than 43 million followers on TikTok but doesn’t spend her free time consuming content from the platform herself. Read more about her original content strategy for the platform.
• Independent search consultancy R3 found that new business pitches are down 24% year-over-year as of this past February and that the pitches that are running are for 47% less money year over year. More in this Digiday+ Marketing Briefing.