This Week in Startups Meta's ad targeting troubles, Ask Jason, Hive Social's data mishap & more | E1629
Dec 7, 2022
The discussion kicks off with Meta facing significant ad targeting challenges in Europe, setting the stage for the future of advertising. Insights are shared on the erosion of consumer trust amid evolving privacy standards, especially with platforms like Google and Apple reshaping the landscape. Founders receive valuable advice, tackling the intricacies of equity for advisors and strategies for pitching investors. Lastly, the rise and fall of Hive Social unveils lessons about community trust and the risks of security mishaps in social media.
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Targeted Advertising Under Scrutiny
- Meta's ad targeting practices are under scrutiny by EU regulators, potentially impacting the entire targeted advertising model.
- This could signal a shift away from default targeted advertising towards greater user privacy and control.
Journalistic Integrity at Semafor
- Semafor's climate editor, Bill Spindle, resigned over Chevron's advertising presence, raising questions about journalistic integrity.
- Semafor claims the ads adhered to industry standards and Spindle's departure was unrelated.
Nexo Exits US Market
- Crypto lender Nexo is phasing out its US operations after failing to reach agreements with regulators.
- This raises concerns about transparency and the sustainability of high-yield crypto products.
