My guest this week is Eric Seufert. In the words of Ben Thompson from Stratecherry, Eric is arguably the best writer and commentator on digital advertising, and today, he gives us a masterclass on the subject. We start by talking about Apple’s ATT framework, Meta’s recovery, and what the current ecosystem looks like. We also talk about X, advertising on the open web, and clearing many common misconceptions about targetted advertising. Please enjoy this conversation with Eric Seufert.

For the full show notes, transcript, and links to the best content to learn more, check out the episode page HERE.

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Show Notes

(00:00:00) Welcome to Making Markets

(00:00:32) Historical Paradigms in Digital Advertising

(00:01:01) Impact of Apple's ATT Policy

(00:02:01) The Hub and Spoke Model

(00:04:35) Post-ATT Advertising Landscape

(00:07:35) Apple's Competitive Strategy

(00:12:48) Meta's Adaptation and Recovery

(00:19:17) Rise of Retail Media Networks

(00:23:56) Twitter's Advertising Challenges

(00:26:47) Customer Base and Engagement Models

(00:27:44) Meta's Resilience to Advertiser Boycotts

(00:28:18) Understanding Cookies and Their Role in Advertising

(00:31:23) Apple's Impact on Third-Party Cookies

(00:33:44) Google's Approach to Cookie Deprecation

(00:38:06) The Future of Digital Advertising

(00:49:28) The Role of AI in Ad Creative Production

Learn more about your ad choices. Visit megaphone.fm/adchoices

Eric Seufert: A Primer on Digital Advertising - [Making Markets, EP.49]