According to Advertising Age, Snapchat is pulling back on its first first ad format and rethinking its pitch to advertisers. The current line? "It's like traditional media -- but on a phone and with a big audience of people less likely to check out traditional media such as linear TV or print magazines." AdAge may be joking, but either way, Snapchat has a little work to do.
The company has stopped selling Brand Story ads that let advertisers pay to promote a standalone piece of branded content within the mobile app, the article says, and will potentially rework feeds to look like actual feeds featuring photos from live events as they happen -- name is still to be determined.
Snapchat's problem isn't necessarily having a platform that its user might love. The issue is helping advertisers understand the value.
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